Professional
Added to YB: 2024-11-20
Pitch date: 2024-11-13
GNW [bullish]
Genworth Financial, Inc.
+20.38%
current return
Author Info
No bio for this author
Company Info
Genworth Financial, Inc., together with its subsidiaries, provides mortgage and long-term care insurance products in the United States and internationally.
Market Cap
$3.4B
Pitch Price
$7.36
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.01
P/E
14.67
EV/Sales
0.64
Sector
Insurance
Category
special_situation
Seven Corners Capital Portfolio Holding: Genworth Financial, Inc.
GNW: 15% position, trades 30% below value of 81% ACT stake. Long thesis: separate ACT stake from unprofitable LTC/L&A ops. Potential L&A value unlock via de-stacking. Active stock buybacks. Trading at $3.5B EV vs $4.6B ACT stake value. Corporate governance issues persist. Cost basis $3.75, up 2.2% YTD 2024.
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