Genworth Financial, Inc. provides insurance and homeownership solutions in the United States and internationally. It operates through five segments: U.S. Mortgage Insurance, Canada Mortgage Insurance, Australia Mortgage Insurance, U.S. Life Insurance, and Runoff. The U.S. Mortgage Insurance segment offers mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans. The Canada Mortgage Insurance segment provides flow mortgage insurance; and bulk mortgage insurance products and services that aid in the sale of mortgages to the capital markets, as well as helps lenders manage capital and risk in Canada. The Australia Mortgage Insurance segment offers flow mortgage insurance and bulk mortgage insurance that aids in the sale of mortgages to the capital markets and helps lenders manage capital and risk. The U.S. Life Insurance segment offers long-term care insurance products and fixed annuity products in the United States. The Runoff segment covers non-strategic products, which primarily include variable annuity, variable life insurance, institutional, corporate-owned life insurance, and accident and health insurance products. This segment's institutional products include funding agreements, funding agreements backing notes, and guaranteed investment contracts. It distributes its products and services primarily through appointed independent producers and employer groups. Genworth Financial, Inc. was founded in 2003 and is headquartered in Richmond, Virginia.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Life insurance
Sub-IndustryMulti-line Insurance
SectorFinance
SymbolNYSE:GNW
CUSIP37247D10
Phone804-281-6000
Debt
Debt-to-Equity Ratio0.27
Current Ratio0.27
Quick Ratio0.27
Price-To-Earnings
Trailing P/E Ratio3.29
Forward P/E Ratio4.12
P/E GrowthN/A
Sales & Book Value
Annual Sales$8.30 billion
Price / Sales0.28
Cash Flow$2.0221 per share
Price / Cash2.26
Book Value$30.71 per share
Price / Book0.15
Profitability
EPS (Most Recent Fiscal Year)$1.39
Net Income$817 million
Net Margins9.32%
Return on Equity4.85%
Return on Assets0.70%
Miscellaneous
Employees3,500
Outstanding Shares500,680,000
Market Cap$2.23 billion
Genworth Financial (NYSE:GNW) Frequently Asked Questions
What is Genworth Financial's stock symbol?
Genworth Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "GNW."
How were Genworth Financial's earnings last quarter?
Genworth Financial Inc (NYSE:GNW) released its quarterly earnings results on Tuesday, July, 31st. The financial services provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.13. The financial services provider earned $2.16 billion during the quarter, compared to the consensus estimate of $2.15 billion. Genworth Financial had a net margin of 9.32% and a return on equity of 4.85%. The company's revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 EPS. View Genworth Financial's Earnings History.
When is Genworth Financial's next earnings date?
What price target have analysts set for GNW?
4 brokers have issued 1 year price objectives for Genworth Financial's stock. Their predictions range from $4.00 to $5.00. On average, they anticipate Genworth Financial's share price to reach $4.50 in the next twelve months. This suggests that the stock has a possible downside of 1.5%. View Analyst Price Targets for Genworth Financial.
What is the consensus analysts' recommendation for Genworth Financial?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Genworth Financial in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Genworth Financial.
What are Wall Street analysts saying about Genworth Financial stock?
Here are some recent quotes from research analysts about Genworth Financial stock:
- 1. According to Zacks Investment Research, "Genworth’s second-quarter earnings per share beat estimates on strong mortgage insurance businesses, improved results across all global business as well as a better performance in U.S. life insurance business. Shares of Genworth have outperformed the industry year to date. The company has agreed to be acquired by China Oceanwide. This merger will firm up Genworth’s financial position in the mortgage insurance and long-term care insurance markets. Also, it will remain committed to its key financial priorities of strengthening the balance sheet as well as stabilizing and improving ratings over time, particularly in its U.S. MI business. The company intensifies its focus on streamlining and rationalizing business to mainly ramp up operations plus enhance financial and strategic flexibility. However, soft performance at Long term care insurance remains a woe." (8/3/2018)
- 2. BTIG Research analysts commented, "Financial’s (GNW) deal to be acquired by $5.43 per share in cash had been viewed as a binary event featuring two key hurdles: approvals from both the States (CFIUS) and the Insurance (DDOI). One of which was removed when the Genworth stated in a press release on Saturday that CFIUS had completed its review of the proposed transaction and concluded that there are no unresolved national security concerns." (6/12/2018)
- 3. Wells Fargo & Co analysts commented, "We confirmed that RBC estimate assumes no cash contribution to GLIC from the holding company. The estimate does not include the impact of tax reform on certain other factors in the RBC calculation, which was sized by GNW management on the recent Q4 2017 conference call to be 5060 additional points." (2/21/2018)
Who are some of Genworth Financial's key competitors?
Some companies that are related to Genworth Financial include SONY Finl HOLDI/ADR (SNYFY), Voya Financial (VOYA), Scor (SCRYY), Primerica (PRI), Brighthouse Financial (BHF), American National Insurance (ANAT), American Equity Investment Life (AEL), FBL Financial Group (FFG), FGL (FG), National Western Life Group (NWLI), Independence (IHC), Citizens (CIA), Kansas City Life Insurance (KCLI), UTG (UTGN) and Investors Heritage Capital (IHRC).
Who are Genworth Financial's key executives?
Genworth Financial's management team includes the folowing people:
- Mr. Thomas Joseph McInerney, Pres, CEO & Director (Age 61)
- Ms. Kelly Lee Groh, Exec. VP & CFO (Age 49)
- Mr. Kevin Douglas Schneider, Exec. VP & COO (Age 56)
- Mr. Daniel Joseph Sheehan IV, CFA, Chief Investment Officer & Exec. VP (Age 52)
- Mr. Ward Edward Bobitz, Exec. VP & Gen. Counsel (Age 53)
Has Genworth Financial been receiving favorable news coverage?
Media coverage about GNW stock has trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Genworth Financial earned a news impact score of 0.24 on Accern's scale. They also gave news coverage about the financial services provider an impact score of 48.16 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near term. View Recent Headlines for Genworth Financial.
Who are Genworth Financial's major shareholders?
Genworth Financial's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.28%), Miller Value Partners LLC (4.25%), FMR LLC (3.08%), Dimensional Fund Advisors LP (2.20%), Bank of New York Mellon Corp (1.44%) and Shah Capital Management (1.32%). View Institutional Ownership Trends for Genworth Financial.
Which institutional investors are selling Genworth Financial stock?
GNW stock was sold by a variety of institutional investors in the last quarter, including Thompson Siegel & Walmsley LLC, Eqis Capital Management Inc., California Public Employees Retirement System, State of New Jersey Common Pension Fund D, Los Angeles Capital Management & Equity Research Inc., Dimensional Fund Advisors LP, SG Americas Securities LLC and Mackay Shields LLC. View Insider Buying and Selling for Genworth Financial.
Which institutional investors are buying Genworth Financial stock?
GNW stock was bought by a variety of institutional investors in the last quarter, including Miller Value Partners LLC, BlackRock Inc., Alpine Associates Management Inc., Commonwealth Bank of Australia, Maso Capital Partners Ltd, Litespeed Management L.L.C., OMERS ADMINISTRATION Corp and Schwab Charles Investment Management Inc.. View Insider Buying and Selling for Genworth Financial.
How do I buy shares of Genworth Financial?
Shares of GNW can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Genworth Financial's stock price today?
One share of GNW stock can currently be purchased for approximately $4.57.
How big of a company is Genworth Financial?
Genworth Financial has a market capitalization of $2.23 billion and generates $8.30 billion in revenue each year. The financial services provider earns $817 million in net income (profit) each year or $1.39 on an earnings per share basis. Genworth Financial employs 3,500 workers across the globe.
How can I contact Genworth Financial?
Genworth Financial's mailing address is 6620 WEST BROAD STREET, RICHMOND VA, 23230. The financial services provider can be reached via phone at 804-281-6000 or via email at [email protected]
MarketBeat Community Rating for Genworth Financial (NYSE GNW)
MarketBeat's community ratings are surveys of what our community members think about Genworth Financial and other stocks. Vote "Outperform" if you believe GNW will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GNW will underperform the S&P 500 over the long term. You may vote once every thirty days.
