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
Industry Life insurance
Sub-IndustryMulti-line Insurance
SectorFinance
Phone804-281-6000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$8.43 billion
Profitability
Miscellaneous
Employees3,500
OptionableOptionable
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) posted its earnings results on Tuesday, February, 5th. The financial services provider reported ($0.58) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by $0.84. The financial services provider had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.11 billion. Genworth Financial had a return on equity of 1.23% and a net margin of 1.41%. The business's quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.65 EPS. View Genworth Financial's Earnings History.
When is Genworth Financial's next earnings date?
What price target have analysts set for GNW?
3 analysts have issued twelve-month price targets for Genworth Financial's stock. Their predictions range from $5.00 to $5.00. On average, they expect Genworth Financial's stock price to reach $5.00 in the next twelve months. This suggests a possible upside of 9.9% from the stock's current price. View Analyst Price Targets for Genworth Financial.
What is the consensus analysts' recommendation for Genworth Financial?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Genworth Financial in the last year. There are currently 3 hold ratings 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, "Shares of the company have outperformed the industry in a year. It has agreed to be acquired by China Oceanwide. This merger will firm up Genworth’s financial position in the mortgage and long-term care insurance markets. Also, the company 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. Mortgage Insurance (MI) business. It deepens focus on streamlining and rationalizing its business to mainly ramp up operations plus boost financial and strategic flexibilities. However, a soft performance at Long term care insurance remains a woe." (1/3/2019)
- 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)
Has Genworth Financial been receiving favorable news coverage?
News stories about GNW stock have been trending positive recently, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Genworth Financial earned a news sentiment score of 2.3 on InfoTrie's scale. They also gave news stories about the financial services provider a news buzz of 6.0 out of 10, indicating that recent news coverage is somewhat likely to have an effect on the stock's share price in the near term.
Who are some of Genworth Financial's key competitors?
Some companies that are related to Genworth Financial include Reinsurance Group of America (RGA), Athene (ATH), SONY FINL HOLDI/ADR (SNYFY), Scor (SCRYY), Voya Financial (VOYA), AMP (AMP), Primerica (PRI), Brighthouse Financial (BHF), American National Insurance (ANAT), American Equity Investment Life (AEL), FGL (FG), FBL Financial Group (FFG), National Western Life Group (NWLI), Independence (IHC) and Kansas City Life Insurance (KCLI).
Who are Genworth Financial's key executives?
Genworth Financial's management team includes the folowing people:
- Mr. Thomas Joseph McInerney, Pres, CEO & Director (Age 62)
- Ms. Kelly Lee Groh, Exec. VP & CFO (Age 50)
- Mr. Kevin Douglas Schneider, Exec. VP & COO (Age 57)
- Mr. Daniel Joseph Sheehan IV, CFA, Chief Investment Officer & Exec. VP (Age 53)
- Mr. Ward Edward Bobitz, Exec. VP & Gen. Counsel (Age 54)
Who are Genworth Financial's major shareholders?
Genworth Financial's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.72%), Dimensional Fund Advisors LP (2.15%), Northern Trust Corp (1.58%), Shah Capital Management (1.27%), Bank of New York Mellon Corp (1.22%) and Prudential Financial Inc. (1.13%). 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 Bank of New York Mellon Corp, State of New Jersey Common Pension Fund D, Mackay Shields LLC, Prudential Financial Inc., River Road Asset Management LLC, Eqis Capital Management Inc., Legal & General Group Plc and Dimensional Fund Advisors LP. View Insider Buying and Selling for Genworth Financial.
Which institutional investors are buying Genworth Financial stock?
GNW stock was acquired by a variety of institutional investors in the last quarter, including First Manhattan Co., BlackRock Inc., P Schoenfeld Asset Management LP, D. E. Shaw & Co. Inc., Oregon Public Employees Retirement Fund, Rhumbline Advisers, Commonwealth Bank of Australia and Geode Capital Management LLC. 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 $4.55.
How big of a company is Genworth Financial?
Genworth Financial has a market capitalization of $2.28 billion and generates $8.43 billion in revenue each year. The financial services provider earns $119 million in net income (profit) each year or $0.36 on an earnings per share basis. Genworth Financial employs 3,500 workers across the globe.
What is Genworth Financial's official website?
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.
