Genworth Finl Stock (NYSE:GNW), Trade Ideas

Genworth Finl

Genworth Financial is a diversified insurance holding company that provides various mortgage and life insurance products. The company has three main operating business segments: Enact, Life and Annuities segment and Long-Term Care Insurance. The company's product portfolio includes various financial products such as traditional life insurance, mortgage insurance, fixed annuities, and variable annuities. most of the revenue is generated by the Long-Term Care Insurance segment. The company earns most of its revenue in the United States.

Short Ideas

Trading Ideas

On Friday, shares of Genworth Financial (NYSE: GNW) experienced volatile short activity. After the activity, the stock price went up +0.48% to $6.24.

The overall sentiment for GNW has been Bullish.

Short Volatility Alert: Genworth Financial

Long Ideas

News

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Insider Trades

Markets

CYTH

EVOL

RGLS

Although gold prices traded slightly lower to below $1,820 an ounce on Tuesday ahead of US inflation data due later in the week, there were a few notable insider trades.

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DMYI

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Genworth Financial Inc

HELIA GROUP LTD U/ADR by HELIA GROUP LTD.

Offerings

Genworth Financial Files For Mixed Shelf Offering; Size Not Disclosed

<p>Keefe, Bruyette &amp; Woods  analyst Ryan Krueger   maintains Genworth Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNW#NYSE">GNW</a>) with a Market Perform and raises the price target from $6.5 to $7.</p>


Price Target

Analyst Ratings

Keefe, Bruyette & Woods Maintains Market Perform on Genworth Finl, Raises Price Target to $7

<p><a href="https://pro.benzinga.com/?utm_source=insights">According to Benzinga Pro</a> following are the gainers and losers in <a href="https://www.benzinga.com/money/insurance/">Insurance</a> industry for today's Intraday session. </p>
<h3>Gainers</h3>
<ul>
<li><strong>Universal Insurance Hldgs</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UVE#NYSE">UVE</a>) shares rose 16.66% to $20.1 during Friday's regular session. Trading volume for this security as of 12:40 EST is 275.3K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $580.1 million. As per the news, the Q4 earnings report came out yesterday. </li>
<li><strong>Heritage Insurance Hldgs</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>) shares moved upwards by 6.98% to $7.07. Trading volume for this security as of 12:40 EST is 193.0K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $200.1 million. </li>
<li><strong>Reliance Global Group</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELI#NASDAQ">RELI</a>) shares rose 5.36% to $0.48. The current volume of 6.8K shares is 0% of Reliance Global Group's average full-day volume over the last 100 days (last updated at 12:40 EST). The company's market cap stands at $2.2 million. </li>
<li><strong>Goosehead Insurance</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSHD#NASDAQ">GSHD</a>) stock moved upwards by 3.72% to $74.34. Trading volume for Goosehead Insurance's stock is 268.2K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $1.7 billion. As per the news, the Q4 earnings report came out 2 days ago. </li>
<li><strong>Genworth Finl</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNW#NYSE">GNW</a>) shares increased by 3.45% to $6.14. Trading volume for Genworth Finl's stock is 1.0 million as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $2.6 billion. As per the press release, Q4 earnings came out 2 days ago. </li>
<li><strong>American Coastal</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACIC#NASDAQ">ACIC</a>) stock moved upwards by 3.07% to $13.75. As of 12:40 EST, American Coastal's stock is trading at a volume of 118.1K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $588.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li><strong>Trupanion</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRUP#NASDAQ">TRUP</a>) stock fell 2.9% to $23.02 during Friday's regular session. As of 12:40 EST, Trupanion's stock is trading at a volume of 256.4K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $999.5 million. </li>
<li><strong>Donegal Gr</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGICA#NASDAQ">DGICA</a>) shares decreased by 2.16% to $14.1. Trading volume for Donegal Gr's stock is 20.5K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $479.0 million. As per the news, the Q4 earnings report came out yesterday. </li>
<li><strong>Maiden Hldgs</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MHLD#NASDAQ">MHLD</a>) stock declined by 2.03% to $1.4. Trading volume for Maiden Hldgs's stock is 56.3K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $170.5 million. </li>
<li><strong>Crawford</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRD#NYSE">CRD</a>) stock declined by 1.42% to $11.88. Crawford's stock is trading at a volume of 375 shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at 580775896. </li>
<li><strong>Safety Insurance Group</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAFT#NASDAQ">SAFT</a>) stock decreased by 1.21% to $85.9. Safety Insurance Group's stock is trading at a volume of 22.2K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $1.2 billion. </li>
<li><strong>eHealth</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EHTH#NASDAQ">EHTH</a>) shares declined by 1.2% to $6.62. As of 12:40 EST, this security is trading at a volume of 43.6K shares, making up 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $201.1 million. </li>
</ul>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Movers

ACIC

DGICA

EHTH

GSHD

HRTG

MHLD

RELI

SAFT

TRUP

Insurance Stocks Moving In Friday's Intraday Session

<p>Genworth Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNW#NYSE">GNW</a>) reported quarterly losses of $(0.51) per share which missed the analyst consensus estimate of $0.19 by 368.42 percent.  The company reported $1.91 billion in sales this quarter. This is a 0.84 percent increase over sales of $1.90 billion the same period last year.</p>


Earnings

Earnings Misses

Genworth Finl Q4 2023 Adj EPS $(0.51) Misses $0.19 Estimate, Sales $1.91B Up From $1.90B YoY

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Earnings Scheduled For February 21, 2024

<p><strong>Genworth Finl</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNW#NYSE">GNW</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-02-21. Here's what investors need to know before the announcement.</p>
<p>Analysts estimate that Genworth Finl will report an <strong>earnings per share</strong> (EPS) of $0.19. </p>
<p>Genworth Finl bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.</p>
<p>New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).</p>
<h3>Historical Earnings Performance</h3>
<p>Last quarter the company missed EPS by $0.13, which was followed by a 8.17% drop in the share price the next day.</p>
<p>Here's a look at Genworth Finl's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q3 2023</strong></th>
<th><strong>Q2 2023</strong></th>
<th><strong>Q1 2023</strong></th>
<th><strong>Q4 2022</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>0.22</td>
<td>0.17</td>
<td>0.20</td>
<td>0.20</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>0.09</td>
<td>0.18</td>
<td>0.17</td>
<td>0.33</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>-8.17%</td>
<td>0.64%</td>
<td>-13.53%</td>
<td>-4.22%</td>
</tr>
</tbody>
</table>
</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1708452053_0.png" alt="eps graph" /></p>
<h3>Stock Performance</h3>
<p>Shares of Genworth Finl were trading at $6.13 as of February 19. Over the last 52-week period, shares are up 1.5%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. </p>
<p><a href="https://www.benzinga.com/quote/GNW/earnings"><strong>To track all earnings releases for Genworth Finl visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Earnings Outlook For Genworth Finl

<p><a href="https://pro.benzinga.com/?utm_source=insights">According to Benzinga Pro</a> following are the gainers and losers in <a href="https://www.benzinga.com/money/insurance/">Insurance</a> industry for today's Intraday session. </p>
<h3>Gainers</h3>
<ul>
<li><strong>Hippo Holdings</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIPO#NYSE">HIPO</a>) stock moved upwards by 2.73% to $9.37 during Monday's regular session. Hippo Holdings's stock is trading at a volume of 14.4K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $217.8 million. </li>
<li><strong>eHealth</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EHTH#NASDAQ">EHTH</a>) stock moved upwards by 2.67% to $6.92. eHealth's stock is trading at a volume of 459.1K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $184.6 million. </li>
<li><strong>Lemonade</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMND#NYSE">LMND</a>) stock rose 2.53% to $16.96. As of 12:40 EST, this security is trading at a volume of 569.6K shares, making up 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.1 billion. </li>
<li><strong>GoHealth</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOCO#NASDAQ">GOCO</a>) shares increased by 2.15% to $12.35. Trading volume for this security as of 12:40 EST is 7.1K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $115.5 million. </li>
<li><strong>FG Finl Gr</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FGFPP#NASDAQ">FGFPP</a>) stock increased by 2.13% to $18.12. As of 12:40 EST, this security is trading at a volume of 2.0K shares, making up 0% of its average full-day volume over the last 100 days. </li>
<li><strong>ProAssurance</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRA#NYSE">PRA</a>) stock rose 1.91% to $13.86. The current volume of 52.5K shares is 0% of ProAssurance's average full-day volume over the last 100 days (last updated at 12:40 EST). The market value of their outstanding shares is at $693.1 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li><strong>Huize Holding</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUIZ#NASDAQ">HUIZ</a>) shares declined by 4.67% to $0.66 during Monday's regular session. Huize Holding's stock is trading at a volume of 7.2K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $31.1 million. </li>
<li><strong>Fanhua</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANH#NASDAQ">FANH</a>) stock declined by 2.52% to $6.2. As of 12:40 EST, Fanhua's stock is trading at a volume of 5.4K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $360.2 million. </li>
<li><strong>Genworth Finl</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNW#NYSE">GNW</a>) shares fell 1.66% to $6.25. Trading volume for Genworth Finl's stock is 816.4K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $2.8 billion. </li>
<li><strong>Aegon</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEG#NYSE">AEG</a>) shares decreased by 1.59% to $5.92. Trading volume for Aegon's stock is 1.0 million as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $10.5 billion. </li>
<li><strong>Crawford</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRD#NYSE">CRD</a>) shares fell 1.57% to $12.62. Crawford's stock is trading at a volume of 14.7K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at 616952173. </li>
<li><strong>Brookfield Reinsurance</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNRE#NYSE">BNRE</a>) stock decreased by 1.52% to $40.3. As of 12:40 EST, Brookfield Reinsurance's stock is trading at a volume of 180, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at 4535040213. </li>
</ul>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


BNRE

FANH

FGFPP

GOCO

HIPO

HUIZ

LMND

Insurance Stocks Moving In Monday's Intraday Session

<p><a href="https://pro.benzinga.com/?utm_source=insights">According to Benzinga Pro</a> following are the gainers and losers in <a href="https://www.benzinga.com/money/insurance/">Insurance</a> industry for today's Intraday session. </p>
<h3>Gainers</h3>
<ul>
<li><strong>Abacus Life</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABL#NASDAQ">ABL</a>) stock increased by 3.06% to $11.45 during Tuesday's regular session. As of 12:40 EST, Abacus Life's stock is trading at a volume of 13.8K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $712.6 million. </li>
<li><strong>American Financial Group, Inc. 4.500% Subordinated Debentures due 2060</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AFGE#NYSE">AFGE</a>) shares moved upwards by 1.65% to $19.37. Trading volume for American Financial Group, Inc. 4.500% Subordinated Debentures due 2060's stock is 5.5K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. </li>
<li><strong>Oxbridge Re Holdings</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OXBR#NASDAQ">OXBR</a>) shares moved upwards by 1.53% to $1.03. Oxbridge Re Holdings's stock is trading at a volume of 617 shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $6.3 million. </li>
<li><strong>Crawford</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRD#NYSE">CRD</a>) shares moved upwards by 1.37% to $12.57. Crawford's stock is trading at a volume of 25.2K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at 614507830. </li>
<li><strong>Kinsale Cap Gr</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNSL#NYSE">KNSL</a>) stock increased by 1.26% to $387.61. Trading volume for this security as of 12:40 EST is 67.3K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $8.8 billion. </li>
<li><strong>Citizens</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIA#NYSE">CIA</a>) shares increased by 1.1% to $2.75. As of 12:40 EST, Citizens's stock is trading at a volume of 10.9K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $130.8 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li><strong>Huize Holding</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUIZ#NASDAQ">HUIZ</a>) shares fell 6.81% to $0.75 during Tuesday's regular session. The current volume of 28.0K shares is 0% of Huize Holding's average full-day volume over the last 100 days (last updated at 12:40 EST). The company's market cap stands at $43.4 million. </li>
<li><strong>Maiden Hldgs</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MHLD#NASDAQ">MHLD</a>) shares declined by 4.19% to $1.83. Trading volume for this security as of 12:40 EST is 34.7K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $192.7 million. </li>
<li><strong>SelectQuote</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLQT#NYSE">SLQT</a>) shares declined by 4.14% to $1.16. As of 12:40 EST, this security is trading at a volume of 326.8K shares, making up 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $201.2 million. </li>
<li><strong>eHealth</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EHTH#NASDAQ">EHTH</a>) stock decreased by 3.83% to $7.04. The current volume of 80.1K shares is 0% of eHealth's average full-day volume over the last 100 days (last updated at 12:40 EST). The company's market cap stands at $198.5 million. </li>
<li><strong>Lemonade</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMND#NYSE">LMND</a>) shares fell 3.68% to $16.01. Trading volume for this security as of 12:40 EST is 784.6K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.1 billion. </li>
<li><strong>Genworth Finl</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNW#NYSE">GNW</a>) shares fell 3.54% to $6.0. Trading volume for Genworth Finl's stock is 1.1 million as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $2.8 billion. </li>
</ul>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


American Financial Group, Inc. 6.25% Subordinated Debentures due 2054

AFGE

KNSL

OXBR

SLQT

Insurance Stocks Moving In Tuesday's Intraday Session

<p><a href="https://pro.benzinga.com/?utm_source=insights">According to Benzinga Pro</a> following are the gainers and losers in <a href="https://www.benzinga.com/money/insurance/">Insurance</a> industry for today's Intraday session. </p>
<h3>Gainers</h3>
<ul>
<li><strong>Waterdrop</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WDH#NYSE">WDH</a>) shares moved upwards by 4.5% to $1.16 during Monday's regular session. As of 12:40 EST, Waterdrop's stock is trading at a volume of 13.9K, which is 6.8% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $450.2 million. </li>
<li><strong>Hippo Holdings</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIPO#NYSE">HIPO</a>) stock rose 3.21% to $8.66. The current volume of 37.7K shares is 27.3% of Hippo Holdings's average full-day volume over the last 100 days (last updated at 12:40 EST). The market value of their outstanding shares is at $200.4 million. </li>
<li><strong>Goosehead Insurance</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSHD#NASDAQ">GSHD</a>) shares moved upwards by 1.89% to $73.42. Trading volume for Goosehead Insurance's stock is 62.3K as of 12:40 EST. This is 16.2% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.7 billion. </li>
<li><strong>Citizens</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIA#NYSE">CIA</a>) stock increased by 1.79% to $3.12. Trading volume for this security as of 12:40 EST is 25.4K, which is 52.5% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $151.6 million. </li>
<li><strong>Genworth Finl</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNW#NYSE">GNW</a>) stock increased by 1.72% to $5.59. Trading volume for this security as of 12:40 EST is 1.5 million, which is 55.5% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $2.4 billion. The company's, Q3 earnings came out 3 days ago. </li>
<li><strong>Root</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROOT#NASDAQ">ROOT</a>) stock rose 1.55% to $9.98. As of 12:40 EST, this security is trading at a volume of 27.7K shares, making up 39.0% of its average full-day volume over the last 100 days. The company's market cap stands at $143.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li><strong>Reliance Global Group</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELI#NASDAQ">RELI</a>) shares declined by 7.7% to $1.08 during Monday's regular session. As of 12:40 EST, this security is trading at a volume of 8.5K shares, making up 17.6% of its average full-day volume over the last 100 days. The company's market cap stands at $2.9 million. As per the news, the Q3 earnings report came out today. </li>
<li><strong>Abacus Life</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABL#NASDAQ">ABL</a>) stock fell 5.53% to $6.45. Trading volume for this security as of 12:40 EST is 3.2K, which is 21.0% of its average full-day volume over the last 100 days. The company's market cap stands at $473.4 million. As per the news, the Q3 earnings report came out today. </li>
<li><strong>Fanhua</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANH#NASDAQ">FANH</a>) stock fell 4.37% to $6.74. Trading volume for Fanhua's stock is 6.6K as of 12:40 EST. This is 21.4% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $421.8 million. </li>
<li><strong>American Coastal</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACIC#NASDAQ">ACIC</a>) shares decreased by 4.09% to $7.05. As of 12:40 EST, this security is trading at a volume of 241.5K shares, making up 59.1% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $306.9 million. As per the news, the Q3 earnings report came out today. </li>
<li><strong>GoHealth</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOCO#NASDAQ">GOCO</a>) shares declined by 3.38% to $12.87. As of 12:40 EST, this security is trading at a volume of 14.3K shares, making up 60.7% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $127.2 million. The company's, Q3 earnings came out 2 days ago. </li>
<li><strong>FG Finl Gr</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FGF#NASDAQ">FGF</a>) shares declined by 3.18% to $1.22. As of 12:40 EST, this security is trading at a volume of 6.5K shares, making up 54.8% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $12.3 million. As per the news, the Q3 earnings report came out 2 days ago. </li>
</ul>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


ROOT

WIIM

Genworth Financial shares are trading lower after the company reported worse-than-expected Q3 sales results.

Genworth Q3 2023 EPS $0.09 May Not Compare To $0.22 Estimate, Revenue $1.831B Misses $1.96B Estimate

<h3>The Meaning Behind Value Stocks</h3>
<p>A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. </p>
<h2>Benzinga Insights has compiled a list of value stocks in the financial services sector that may be worth watching:</h2>
<ol>
<li><strong>Genworth Finl</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNW#NYSE">GNW</a>) - P/E: 6.4</li>
<li><strong>Banco De Chile</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCH#NYSE">BCH</a>) - P/E: 7.02</li>
<li><strong>Princeton Bancorp</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BPRN#NASDAQ">BPRN</a>) - P/E: 7.07</li>
<li><strong>Invesco</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVZ#NYSE">IVZ</a>) - P/E: 9.86</li>
<li><strong>Business First Bancshares</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BFST#NASDAQ">BFST</a>) - P/E: 7.34</li>
</ol>
<p>Genworth Finl has reported Q2 earnings per share at $0.18, which has increased by 5.88% compared to Q1, which was 0.17. Most recently, Banco De Chile reported earnings per share at $0.82, whereas in Q1 earnings per share sat at $0.66. Its most recent dividend yield is at 9.89%, which has increased by 3.32% from 6.57% in the previous quarter.</p>
<p>Most recently, Princeton Bancorp reported earnings per share at $0.66, whereas in Q1 earnings per share sat at $0.95. Its most recent dividend yield is at 4.1%, which has increased by 0.44% from 3.66% in the previous quarter.</p>
<p>This quarter, Invesco experienced a decrease in earnings per share, which was $0.38 in Q1 and is now $0.31. The company's most recent dividend yield sits at 4.45%, which has decreased by 0.3% from 4.75% last quarter. </p>
<p>Business First Bancshares has reported Q2 earnings per share at $0.7, which has increased by 27.27% compared to Q1, which was 0.55. Most recently, the company reported a dividend yield of 2.85%, which has decreased by 0.29% from last quarter's yield of 3.14%.</p>
<p><strong>The Significance:</strong> A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.</p>


BFST

BPRN

Overview Of Value Stocks In The Financial Services Sector

<p><a href="https://pro.benzinga.com/?utm_source=insights">According to Benzinga Pro</a> following are the gainers and losers in <a href="https://www.benzinga.com/money/insurance/">Insurance</a> industry for today's Intraday session. </p>
<h3>Gainers</h3>
<ul>
<li><strong>Abacus Life</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABL#NASDAQ">ABL</a>) stock moved upwards by 5.52% to $6.87 during Tuesday's regular session. Abacus Life's stock is trading at a volume of 12.1K shares as of 13:40 EST. This is 28.0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $432.5 million. </li>
<li><strong>Conifer Holdings</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNFR#NASDAQ">CNFR</a>) stock moved upwards by 4.23% to $1.23. As of 13:40 EST, this security is trading at a volume of 173 shares, making up 5.1% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $15.0 million. </li>
<li><strong>HCI Group</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCI#NYSE">HCI</a>) stock rose 2.9% to $53.84. The current volume of 21.9K shares is 29.6% of HCI Group's average full-day volume over the last 100 days (last updated at 13:40 EST). The company's market cap stands at $461.4 million. </li>
<li><strong>Universal Insurance Hldgs</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UVE#NYSE">UVE</a>) shares increased by 2.43% to $13.86. As of 13:40 EST, Universal Insurance Hldgs's stock is trading at a volume of 96.9K, which is 25.8% of its average full-day volume over the last 100 days. The company's market cap stands at $416.9 million. </li>
<li><strong>Reliance Global Group</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELI#NASDAQ">RELI</a>) stock moved upwards by 2.37% to $2.59. As of 13:40 EST, this security is trading at a volume of 3.9K shares, making up 7.3% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $5.5 million. </li>
<li><strong>Hagerty</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HGTY#NYSE">HGTY</a>) shares rose 1.1% to $8.26. Hagerty's stock is trading at a volume of 11.4K shares as of 13:40 EST. This is 12.6% of its average full-day volume over the last 100 days. The company's market cap stands at $696.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li><strong>Marpai</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRAI#NASDAQ">MRAI</a>) stock decreased by 3.6% to $0.66 during Tuesday's regular session. The current volume of 47.2K shares is 37.7% of Marpai's average full-day volume over the last 100 days (last updated at 13:40 EST). The market value of their outstanding shares is at $4.7 million. </li>
<li><strong>Oscar Health</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OSCR#NYSE">OSCR</a>) shares fell 3.15% to $5.39. The current volume of 275.9K shares is 16.3% of Oscar Health's average full-day volume over the last 100 days (last updated at 13:40 EST). The company's market cap stands at $1.2 billion. </li>
<li><strong>Genworth Finl</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNW#NYSE">GNW</a>) stock fell 2.82% to $5.87. Trading volume for Genworth Finl's stock is 951.7K as of 13:40 EST. This is 35.2% of its average full-day volume over the last 100 days. The company's market cap stands at $2.7 billion. </li>
<li><strong>Waterdrop</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WDH#NYSE">WDH</a>) stock fell 2.8% to $1.22. The current volume of 116.0K shares is 17.0% of Waterdrop's average full-day volume over the last 100 days (last updated at 13:40 EST). The market value of their outstanding shares is at $463.7 million. </li>
<li><strong>MetLife</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MET#NYSE">MET</a>) stock declined by 2.5% to $63.42. As of 13:40 EST, this security is trading at a volume of 2.0 million shares, making up 53.1% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $47.8 billion. </li>
<li><strong>MBIA</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MBI#NYSE">MBI</a>) shares decreased by 2.49% to $7.47. MBIA's stock is trading at a volume of 135.2K shares as of 13:40 EST. This is 47.5% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $387.1 million. </li>
</ul>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


CNFR

HGTY

MRAI

OSCR

<p>Genworth Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNW#NYSE">GNW</a>) reported quarterly earnings of $0.18 per share which beat the analyst consensus estimate of $0.17 by 5.88 percent. This is a 47.06 percent decrease over earnings of $0.34 per share from the same period last year.  The company reported quarterly sales of $1.89 billion which beat the analyst consensus estimate of $1.88 billion by 0.64 percent.  This is a 0.58 percent increase over sales of $1.88 billion the same period last year.</p>


Earnings Beats

Genworth Finl Q2 EPS $0.18 Beats $0.17 Estimate, Sales $1.89B Beat $1.88B Estimate

Buybacks

Genworth Financial Authorizes Additional $350M Under Its Existing Share Repurchase Program

<p><strong>Genworth Finl</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNW#NYSE">GNW</a>) is set to give its latest quarterly earnings report on Tuesday, 2023-08-01. Here's what investors need to know before the announcement.</p>
<p>Analysts estimate that Genworth Finl will report an <strong>earnings per share</strong> (EPS) of $0.17. </p>
<p>Genworth Finl bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.</p>
<p>New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).</p>
<h3>Historical Earnings Performance</h3>
<p>Last quarter the company missed EPS by $0.03, which was followed by a 13.53% drop in the share price the next day.</p>
<p>Here's a look at Genworth Finl's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q1 2023</strong></th>
<th><strong>Q4 2022</strong></th>
<th><strong>Q3 2022</strong></th>
<th><strong>Q2 2022</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>0.20</td>
<td>0.20</td>
<td>0.21</td>
<td>0.27</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>0.17</td>
<td>0.33</td>
<td>0.31</td>
<td>0.34</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>-13.53%</td>
<td>-4.22%</td>
<td>1.39%</td>
<td>0.48%</td>
</tr>
</tbody>
</table>
</p>
<p><img src="https://www.benzinga.com/files/images/story/2023/1690833694_0.png" alt="eps graph" /></p>
<h3>Stock Performance</h3>
<p>Shares of Genworth Finl were trading at $5.7 as of July 28. Over the last 52-week period, shares are up 39.26%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. </p>
<p><a href="https://www.benzinga.com/quote/GNW/earnings"><strong>To track all earnings releases for Genworth Finl visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


<p><a href="https://pro.benzinga.com/?utm_source=insights">According to Benzinga Pro</a> following are the gainers and losers in <a href="https://www.benzinga.com/money/insurance/">Insurance</a> industry for today's Intraday session. </p>
<h3>Gainers</h3>
<ul>
<li><strong>Reliance Global Group</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELI#NASDAQ">RELI</a>) stock rose 5.92% to $4.92 during Friday's regular session. The current volume of 57.7K shares is 61.4% of Reliance Global Group's average full-day volume over the last 100 days (last updated at 13:40 EST). The company's market cap stands at $7.9 million. </li>
<li><strong>Waterdrop</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WDH#NYSE">WDH</a>) shares moved upwards by 5.75% to $2.02. As of 13:40 EST, Waterdrop's stock is trading at a volume of 1.0 million, which is 142.0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $771.0 million. </li>
<li><strong>eHealth</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EHTH#NASDAQ">EHTH</a>) stock rose 5.54% to $7.8. The current volume of 153.4K shares is 30.1% of eHealth's average full-day volume over the last 100 days (last updated at 13:40 EST). The market value of their outstanding shares is at $216.4 million. </li>
<li><strong>Genworth Finl</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNW#NYSE">GNW</a>) shares increased by 4.58% to $5.58. Trading volume for this security as of 13:40 EST is 2.9 million, which is 76.9% of its average full-day volume over the last 100 days. The company's market cap stands at $2.6 billion. </li>
<li><strong>Hippo Holdings</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIPO#NYSE">HIPO</a>) shares increased by 4.49% to $16.72. As of 13:40 EST, this security is trading at a volume of 42.2K shares, making up 50.1% of its average full-day volume over the last 100 days. The company's market cap stands at $385.2 million. </li>
<li><strong>Root</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROOT#NASDAQ">ROOT</a>) shares moved upwards by 4.35% to $10.31. Trading volume for this security as of 13:40 EST is 190.9K, which is 48.3% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $146.5 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li><strong>Fanhua</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANH#NASDAQ">FANH</a>) shares decreased by 3.71% to $7.79 during Friday's regular session. Trading volume for this security as of 13:40 EST is 23.0K, which is 45.5% of its average full-day volume over the last 100 days. The company's market cap stands at $456.0 million. </li>
<li><strong>FG Finl Gr</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FGF#NASDAQ">FGF</a>) shares fell 3.24% to $1.65. Trading volume for FG Finl Gr's stock is 3.3K as of 13:40 EST. This is 25.1% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $16.9 million. </li>
<li><strong>Kingstone Companies</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KINS#NASDAQ">KINS</a>) shares fell 2.97% to $1.31. As of 13:40 EST, this security is trading at a volume of 4.0K shares, making up 29.1% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $14.0 million. </li>
<li><strong>Maiden Hldgs</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MHLD#NASDAQ">MHLD</a>) shares declined by 2.64% to $1.85. Trading volume for Maiden Hldgs's stock is 38.4K as of 13:40 EST. This is 12.5% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $188.2 million. </li>
<li><strong>Skyward Specialty</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKWD#NASDAQ">SKWD</a>) stock fell 1.76% to $25.25. The current volume of 78.0K shares is 42.3% of Skyward Specialty's average full-day volume over the last 100 days (last updated at 13:40 EST). The company's market cap stands at $952.7 million. </li>
<li><strong>SelectQuote</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLQT#NYSE">SLQT</a>) stock fell 1.64% to $1.81. The current volume of 397.6K shares is 25.5% of SelectQuote's average full-day volume over the last 100 days (last updated at 13:40 EST). The market value of their outstanding shares is at $307.4 million. </li>
</ul>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


KINS

SKWD

Genworth Financial Believes Personal Info Of Significant Number Of Insurance Policyholders/Customers Of Life Insurance Businesses Unlawfully Accessed

Genworth Financial Understands That About 2.5-2.7M Policyholders'/Other Customers' Personal Information Was Exposed Due To PBI Security Event

Genworth Financial Says Co Does Not Currently Believe This Incident Will Have A Material Adverse Effect On Its Business, Operations, Or Financial Results

In a report released yesterday, Ryan Krueger from KBW maintained a Hold rating on Genworth Financial (GNW – Research Report), with a price target o...

KBW Keeps Their Hold Rating on Genworth Financial (GNW)

Genworth Financial, Inc. 2023 Q4 - Results - Earnings Call Presentation

Genworth Financial, Inc. (GNW) Q4 2023 Earnings Call Transcript

Warning: GNW is at high risk of performing badly

Wall Street is positive on Genworth Financial Inc (GNW). On average, analysts give Genworth Financial Inc a Hold rating. The average price target is $6.5, which means analysts expect the stock to rise by 3.01% over the next twelve months.That average ranking earns Genworth Financial Inc an Analyst Rating of 5, which is bet

How Does Genworth Financial Inc (GNW) Stock Rank on Wall Street Monday?

Overall market sentiment has been neutral on Genworth Financial Inc (GNW)  stock lately. GNW receives a Neutral rating from InvestorsObserver Stock Sentiment Indicator. Genworth Financial Inc has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on GNW!See Full GNW ReportWhat is

Is Genworth Financial Inc (GNW) a Stock to Watch After Gaining 0.95% This Week?

Analysts who follow Genworth Financial Inc (GNW) on average expect it to increase 2.36% over the next twelve months. Those same analysts give the stock an average rating of Hold. That average rating earns the stock an Analyst Ranking of 5, which means it ranks higher than 5 of stocks, based on data compiled by InvestorsObs

Genworth Financial Inc (GNW) Stock: Do Analysts Think You Should Sell?

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Investors should keep their eyes on these best <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> to buy in April for substantial gains for the rest of the year. Penny stocks are more affordable than their higher-priced counterparts, allowing investors with limited capital to participate in the stock market and build a diversified portfolio.</p>



<p>Another great thing is that these companies often have tiny market caps and cheap valuations, so the prospects of hitting a multi-bagger is perhaps the highest for these types of investments. </p>



<p>Of course, the flip side is that many penny stocks also carry a heightened risk of failure, as these smaller companies may lack the resources, management expertise, or competitive advantages to sustain long-term growth.</p>



<p>With that said, here are seven of the best penny stocks to buy for April. These companies have that magic mix of advantages and low valuations that make them attractive for investors of various risk tolerances and time horizons.</p>



<h2>Taboola (TBLA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/11/shutterstock_1837963990-300x169.jpg" alt="TBLA stock: Taboola company website with logo close up"><div>Source: Postmodern Studio / Shutterstock</div></div><p><strong>Taboola</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/tbla-stock-quote/"><strong>TBLA</strong></a>) operates in the online advertising space, having gained recognition for its content recommendation platform and its deal with <strong>NBCUniversal News Group.</strong></p>



<p>I believe that TLBA could be one of those best penny stocks to buy in April for a few different reasons. Analysts <a href="https://www.investing.com/news/stock-market-news/earnings-call-taboola-anticipates-robust-growth-in-2024-with-strong-q4-results-3321862">view TBLA&rsquo;s future positively</a>, expecting a 33% revenue growth in 2024 to nearly $2 billion. A $100 million share buyback program has also been authorized.</p>



<p>The company itself is <a href="https://finance.yahoo.com/news/taboola-com-ltd-tbla-reports-113456704.html">forecasting substantial growth</a> across key metrics. The company expects revenue from its main operating segments to grow by 25% compared to 2023, with adjusted EBITDA expected to exceed $200 million and free cash flow projected to surpass $100 million.</p>



<p>TBLA could be a great pick for investors who want to invest in a developing advertising company without paying for a steep valuation. Therefore, it&rsquo;s one of those best penny stocks to buy in April.</p>



<h2>New Gold (NGD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/gold1600-300x169.jpg" alt="Closeup of a large gold nugget. stocks under $10"><div>Source: Shutterstock</div></div><p><strong>New Gold</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/ngd-stock-quote/"><strong>NGD</strong></a>) is a Canadian-based gold mining company with multiple projects.</p>



<p>Gold has always been a favorite of mine as a precious metal to invest in due to its lack of correlation with traditional risk assets, but NGD stands as a promising penny stock to invest in on its own while preserving some of Gold&rsquo;s uncorrelated properties.</p>



<p>The company has a number of investments planned for this year. These investments are expected to underpin free cash flow generation, <a href="https://www.newswire.ca/news-releases/new-gold-outlines-significant-free-cash-flow-generation-profile-supported-by-improving-production-and-decreasing-costs-over-the-next-three-years-854846781.html">with a notable increase</a> in gold production projected at the Rainy River Mine to between 250,000 and 280,000 ounces.</p>



<p>Financially, NGD&rsquo;s performance in <a href="https://finance.yahoo.com/news/gold-reports-fourth-quarter-full-221500827.html">2023 laid a strong foundation</a>, with revenue growing to $786.5 million from the previous year. The increase was primarily driven by higher sales volumes and gold prices, although partially offset by lower copper prices.&nbsp;</p>



<p>NGD could then be a great option for those who want exposure to precious metals.</p>



<h2>Bit Digital (BTBT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/06/bitcoin_world_map_1600-300x169.jpg" alt="A map of the world with Bitcoin iconography overlaid on various countries with lines between various icons."><div>Source: naulicrea / Shutterstock.com</div></div><p><strong>Bit Digital</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/btbt-stock-quote/"><strong>BTBT</strong></a>) is engaged in the cryptocurrency mining sector, focusing on <strong>Bitcoin </strong>(<a href="https://investorplace.com/cryptocurrency/btc-usd/"><strong>BTC-USD</strong></a>) production.</p>



<p>Bitcoin will continue to be a strong winner in my opinion, and I think that after a pullback this April following the upcoming halving event, it could continue its rapid capital appreciation as institutional investment continues to pour into it. Small miners like BTBT could then lend themselves to significant returns.</p>



<p>In 2024, BTBT plans to focus on enhancing its <strong>Ethereum </strong>(<a href="https://investorplace.com/cryptocurrency/eth-usd/"><strong>ETH-USD</strong></a>) treasury holdings through the conversion of mined bitcoin into ETH for staking. For January 2024, BTBT reported the production of 145.7 BTC, a decrease from the previous month, with an active hash rate of approximately 2.50 EH/s.&nbsp;</p>



<p>The company&rsquo;s digital asset holdings, including BTC and ETH, were valued at approximately $74 million, with cash and equivalents of $22.6 million. BTBT&rsquo;s staked ETH earned a blended APY of about 3.69%, yielding approximately 38.7 ETH in rewards for the month.</p>



<p>This backdrop and its war chest of crypto make it one of the best penny stocks to buy in April.</p>



<h2>Future FinTech Group (FTFT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/07/fintech_1600-300x169.jpg" alt='undervalued fintech stocks A concept image of a hand reaching toward the word "Fintech," which is surrounded by icons representing money and growth. Fintech Stock Bargains, fintech stock'><div>Source: Wright Studio / Shutterstock.com</div></div><p><strong>Future FinTech Group</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/ftft-stock-quote/"><strong>FTFT</strong></a>) works in the blockchain and fintech industries catering to a global clientele in the e-commerce sector.</p>



<p>The company&rsquo;s main business includes an online shopping platform, Chain Cloud Mall (<a href="https://investorplace.com/stock-quotes/ccm-stock-quote/"><strong>CCM</strong></a>), based on blockchain technology. FTFT has expanded into financial services and cryptocurrency market data services.</p>



<p>For the third quarter of 2023, <a href="https://www.wallstreetzen.com/stocks/us/nasdaq/ftft/earnings">FTFT reported an earnings per share</a>&nbsp; of negative 16 cents marking a 36% improvement compared to the same period the previous year, where the EPS was negative 25 cents The total earnings for the quarter were approximately -$2.49 million.</p>



<p>The reason I think FTFT could be a long-term winner is that its CCM platform is one of the most disruptive in the industry, and <a href="https://bluetree.digital/fintech-market-growth-statistics/#:~:text=The%20global%20fintech%20market%20is%20projected%20to%20reach%20%24460%20billion,22.17%25%20from%202020%20to%202025.">gives people an alternative</a> to the big name brands. The fintech industry is expanding rapidly, and I believe that investors should have exposure to this sector for long-term gains.</p>



<h2>Gerdau (GGB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/11/ggb-stock-1-300x169.jpg" alt="A close-up shot of the Gerdau (GGB) office sign in Sao Paolo, Brazil."><div>Source: casa.da.photo / Shutterstock.com</div></div><p><strong>Gerdau</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/ggb-stock-quote/"><strong>GGB</strong></a>) is a steel producer with operations spread across various sectors such as civil construction and automotive. The steel industry heavily relies on the health of the Chinese economy to fuel its expansive construction projects.</p>



<p>I&rsquo;m bullish on China, notwithsanding some short-term setbacks, as it has <a href="https://www.wsj.com/economy/chinas-service-economy-expands-further-caixin-pmi-shows-b6c0ca62">now shown some signs of recovery</a>.</p>



<p>The company <a href="https://www.marketscreener.com/quote/stock/GERDAU-S-A-6492877/news/Gerdau-S-A-2Q23-Earnings-Release-44555220/">closed the second quarter</a> of 2023 with an adjusted EBITDA of $3.8 billion, marking one of its best historical results for the period, despite a slight decrease in shipments of steel. </p>



<p>Despite this, GGB&rsquo;s P/E ratio is below the US market average, indicating good value compared to peers and industry.</p>



<p>GGB stock is then one of those best penny stocks to buy due its valuation, as well as the fact that it gives investors some indirect exposure to China&rsquo;s continued rise as an emerging economy through its healthy appetite for steel.</p>



<p>The projected one-year price target suggests a potential upside of 19.16% from its current price, setting the target at $5.10.</p>



<h2>Genworth Financial (GNW)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/gnw1600-300x169.jpg" alt="A shot of the Genworth Financial (GNW) sign on an office building in Canada."><div>Source: JHVEPhoto / Shutterstock.com</div></div><p><strong>Genworth Financial</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/gnw-stock-quote/"><strong>GNW</strong></a>) is an insurance holding company offering products like mortgage insurance and long-term care insurance.</p>



<p>In the fourth quarter of 2023, GNW <a href="https://finance.yahoo.com/news/genworth-financial-gnw-q4-2023-194515748.html">experienced several financial shifts</a>, notably in its long-term care insurance and life and annuities sectors. </p>



<p>The company reported an adjusted operating loss of $151 million in long-term care insurance, a decrease from a $204 million income in the same quarter of the previous year.&nbsp;</p>



<p>&nbsp;It also announced a significant $350 million share repurchase authorization in July of the previous year. GNW plans to invest approximately $35 million in 2024 in CareScout services, aiming to drive long-term growth for its offerings.</p>



<p>I think that GNW could be one of those penny stocks to buy in April, primarily due to management&rsquo;s strong conviction that its shares are undervalued, evidence through the share repurchase, as well as being n undervalued insurance company in its own right when compared with its peer companies.</p>



<h2>Transocean (RIG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/rig-1600-300x169.jpg" alt="Transocean logo on a laptop screen. RIG stock."><div>Source: Postmodern Studio / Shutterstock</div></div><p><strong>Transocean</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/rig-stock-quote/"><strong>RIG</strong></a>) is a major player in deep-water and ultra-deep-water drilling with a global operational footprint.</p>



<p>RIG entered 2024 on a <a href="https://finance.yahoo.com/news/transocean-ltd-rig-reports-narrowed-113215085.html">somewhat positive note</a>, with a narrowed net loss in Q4 2023 and a robust backlog. RIG reported an adjusted EBITDA of $122 million and a margin of 16.3%. </p>



<p>The company&rsquo;s backlog stood at $9.01 billion. Meanwhile, its management noted the addition of $3.2 billion to the backlog during the quarter and highlighted the delivery and commissioning of two eighth-generation drillships.&nbsp;</p>



<p>This backdrop is enough for me to recommend RIG and one of the best penny stocks for investors to scoop up in April this year.</p>



<p>The stock has also seen an increase in value, rising 5% from the start of 2024 to the recent trading price. Analysts set a 12-month price target with an average expectation of $8.06, indicating a potential upside of around 20.9% from its current trading level&#8203;.</p>



<p><em>On the date of publication, Matthew Farley did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed are those of the writer, subject to the</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"><em> </em>InvestorPlace.com Publishing Guidelines</a>.</p>
<div><p>Matthew started writing coverage of the financial markets during the crypto boom of 2017 and was also a team member of several fintech startups. He then started writing about Australian and U.S. equities for various publications. His work has appeared in MarketBeat, FXStreet, Cryptoslate, Seeking Alpha, and the New Scientist magazine, among others.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/the-7-best-penny-stocks-to-buy-in-april-2024/">The 7 Best Penny Stocks to Buy in April 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

The 7 Best Penny Stocks to Buy in April 2024

Genworth Financial files automatic mixed shelf

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Press Releases

Genworth Financial Announces Second Quarter 2023 Results

Genworth Financial Schedules Earnings Conference Call for November 9

Genworth Announces Completion of Bondholder Consent Solicitation

Genworth Financial Announces Third Quarter 2023 Results

AM Best Affirms Credit Ratings of Genworth Financial, Inc. and Its U.S. Life Subsidiaries

Genworth Financial Schedules Earnings Conference Call for February 22

CareScout, a Genworth Company, Aims to Redefine Quality and Build Trust in Long-Term Care

Genworth Financial Announces Fourth Quarter 2023 Results

Genworth Releases Cost of Care Survey Results for 2023: Twenty Years of Tracking Long-Term Care Costs