Financial company Genworth announces a stock purchase program worth up to $350 million
Genworth Financial (NYSE:GNW) has announced a new share repurchase program worth up to $350 million, as the company's CEO revealed on Thursday. This additional program is in addition to the existing $700 million stock buyback program.
The new authorization by the board will allow Genworth Financial to buy back outstanding common stock through open market transactions, privately negotiated transactions, or other means. The repurchases under the new program will be funded from the holding company's cash.
As of September 17, $16 million remains of the existing $700 million stock buyback program. The new share repurchase program is expected to further bolster Genworth Financial's financial position.
In other news, Genworth Financial has signaled a target of 2,850 CareScout matches and a $400M Enact capital return. The earnings call transcript for Q2 2025 of Genworth Financial, Inc. (GNW) is available for review, along with a results presentation for the same quarter.
Investors interested in Genworth Financial can review Seeking Alpha's Quant Rating for a comprehensive analysis of the company's performance. As of the current date, the price per share post market stands at $8.66.
Stay tuned for more updates from Genworth Financial.
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