Professional
Added to YB: 2024-06-19
Pitch date: 2024-03-31
GNW [bullish]
Genworth Financial, Inc.
+37.79%
current return
Author Info
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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
$6.43
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.01
P/E
14.67
EV/Sales
0.64
Sector
Insurance
Category
special_situation
Show full summary:
Seven Corners Capital Portfolio Holding: Genworth Financial, Inc.
GNW: Trades below 81.6% stake in ACT ($4B vs $3.3B EV). Thesis: Eventual separation of ACT from unprofitable LTC & L&A ops. L&A value could be unlocked via de-stacking, pending regulatory approval. Active buybacks despite -4% Q1 after prior outperformance. Corp gov issues persist.
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