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
SymbolNYSE:GNW
CUSIP37247D10
Phone804-281-6000
Debt
Debt-to-Equity Ratio0.31
Current Ratio0.28
Quick Ratio0.28
Price-To-Earnings
Trailing P/E Ratio3.32
Forward P/E Ratio4.99
P/E Growth1.01
Sales & Book Value
Annual Sales$8.30 billion
Price / Sales0.28
Cash Flow$1.9449 per share
Price / Cash2.36
Book Value$30.71 per share
Price / Book0.15
Profitability
EPS (Most Recent Fiscal Year)$1.39
Net Income$817 million
Net Margins9.39%
Return on Equity4.50%
Return on Assets0.65%
Miscellaneous
Employees3,500
Outstanding Shares500,620,000
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 earnings results on Tuesday, May, 1st. The financial services provider reported $0.25 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.26 by $0.01. The financial services provider earned $2.12 billion during the quarter, compared to the consensus estimate of $2.15 billion. Genworth Financial had a return on equity of 4.50% and a net margin of 9.39%. The company's revenue was down 2.6% compared to the same quarter last year. During the same period last year, the firm posted $0.29 earnings per share. View Genworth Financial's Earnings History.
What price target have analysts set for GNW?
4 analysts have issued 1-year price objectives for Genworth Financial's shares. Their predictions range from $4.00 to $5.00. On average, they expect Genworth Financial's share price to reach $4.50 in the next year. 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. 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)
- 2. According to Zacks Investment Research, "Genworth has agreed to be acquired by China Oceanwide. The merger will consolidate Genworth’s financial position in the mortgage insurance and long-term care insurance markets. Also, it will remain committed toward its key financial priorities of strengthening the balance sheet and stabilizing and improving ratings over time, particularly in its U.S. MI business. It is intensifying focus on streamlining and rationalizing business to mainly improve performance and enhance financial and strategic flexibility. However, new products and pricing changes in the U.S. Life Insurance Division implemented over the past couple of years led to lower sales for Genworth. Shares of Genworth have underperformed the industry in a year’s time. With respect to quarterly results, Genworth’s fourth-quarter 2017 earnings outpaced the Zacks Consensus Estimate and also compared favorably with the year-ago quarter’s loss." (3/6/2018)
- 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)
Are investors shorting Genworth Financial?
Genworth Financial saw a decrease in short interest in the month of May. As of May 15th, there was short interest totalling 10,377,350 shares, a decrease of 41.0% from the April 30th total of 17,596,744 shares. Based on an average daily trading volume, of 3,583,673 shares, the days-to-cover ratio is currently 2.9 days. Currently, 2.1% of the shares of the company are sold short.
Who are some of Genworth Financial's key competitors?
Some companies that are related to Genworth Financial include Reinsurance Group of America (RGA), Voya Financial (VOYA), SONY Finl HOLDI/ADR (SNYFY), Scor (SCRYY), Brighthouse Financial (BHF), Primerica (PRI), American Equity Investment Life (AEL), American National Insurance (ANAT), FBL Financial Group (FFG), FGL (FG), National Western Life Group (NWLI), Independence (IHC), Citizens (CIA), Kansas City Life Insurance (KCLI) and UTG (UTGN).
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?
Headlines about GNW stock have trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Genworth Financial earned a media sentiment score of 0.18 on Accern's scale. They also assigned media stories about the financial services provider an impact score of 46.76 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near term.
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. (10.98%), Northern Trust Corp (1.55%), Saba Capital Management L.P. (0.87%), Prudential Financial Inc. (0.87%), Thompson Siegel & Walmsley LLC (0.84%) and OMERS ADMINISTRATION Corp (0.72%). 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 California Public Employees Retirement System, Prudential Financial Inc., Legal & General Group Plc, Guggenheim Capital LLC, Cubist Systematic Strategies LLC, JPMorgan Chase & Co., Ancora Advisors LLC and Aperio Group 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 Thompson Siegel & Walmsley LLC, River Road Asset Management LLC, Mackay Shields LLC, BlackRock Inc., New Generation Advisors LLC, OMERS ADMINISTRATION Corp, Meeder Asset Management Inc. and JBF Capital 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 $4.61.
How big of a company is Genworth Financial?
Genworth Financial has a market capitalization of $2.33 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 (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.
