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A Failed Merger May Have Been Just What Genworth Financial Needed For A Turnaround
A Failed Merger May Have Been Just What Genworth Financial Needed For A Turnaround
2024-10-08 08:54:34 ET
Summary
- After seeing its stock price get cut in half over the last decade, Genworth Financial appears to be poised for a significant turnaround.
- The company's 80% ownership of Enact should make GNW trade just above $10 per share assuming no value in its insurance and annuity segments.
- There really is no other company that combines mortgage insurance, life insurance, and long-term care, which makes any peer comparison imperfect. Nonetheless, GNW appears to be undervalued by most metrics.
Read the full article on Seeking Alpha
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A Failed Merger May Have Been Just What Genworth Financial Needed For A Turnaround
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