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 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 and funding agreements backing notes. The company distributes its products and services primarily through appointed independent producers and employer groups. Genworth Financial, Inc. was founded in 1871 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
Next Earnings Date4/30/2019 (Confirmed)
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 quarterly earnings data on Tuesday, February, 5th. The financial services provider reported ($0.58) earnings per share 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 analysts' expectations of $2.11 billion. Genworth Financial had a return on equity of 1.23% and a net margin of 1.41%. The firm's revenue was up 19.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.65 EPS. View Genworth Financial's Earnings History.
When is Genworth Financial's next earnings date?
How can I listen to Genworth Financial's earnings call?
Genworth Financial will be holding an earnings conference call on Wednesday, May 1st at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8882081820.
What price target have analysts set for GNW?
2 Wall Street analysts have issued 12 month price targets for Genworth Financial's stock. Their forecasts range from $5.00 to $5.00. On average, they expect Genworth Financial's stock price to reach $5.00 in the next year. This suggests a possible upside of 29.9% from the stock's current price. View Analyst Price Targets for Genworth Financial.
What is the consensus analysts' recommendation for Genworth Financial?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Genworth Financial in the last year. There are currently 2 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 Genworth have underperformed the industry year to date. A soft performance at Long term care insurance remains a woe. Nonetheless, Genworth Financial’s 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." (4/2/2019)
- 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)
Has Genworth Financial been receiving favorable news coverage?
Media stories about GNW stock have trended positive on Tuesday, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Genworth Financial earned a media sentiment score of 2.7 on InfoTrie's scale. They also assigned media coverage about the financial services provider a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future.
Who are some of Genworth Financial's key competitors?
Some companies that are related to Genworth Financial include 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), Citizens (CIA), Kansas City Life Insurance (KCLI), UTG (UTGN), GWG (GWGH), Atlantic American (AAME) and National Security Group (NSEC).
What other stocks do shareholders of Genworth Financial own?
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, Exec. VP & Chief Investment Officer (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 retail and institutional investors. Top institutional shareholders include First Manhattan Co. (1.73%), Denali Advisors LLC (0.01%), Virtu Financial LLC (0.01%), Mercer Global Advisors Inc. ADV (0.01%), Mercer Global Advisors Inc. ADV (0.01%) and Meeder Asset Management Inc. (0.00%). View Institutional Ownership Trends for Genworth Financial.
Which major investors are selling Genworth Financial stock?
Which major investors are buying Genworth Financial stock?
GNW stock was purchased by a variety of institutional investors in the last quarter, including First Manhattan Co., Denali Advisors LLC, Mercer Global Advisors Inc. ADV, Mercer Global Advisors Inc. ADV and Park National Corp OH. 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 $3.85.
How big of a company is Genworth Financial?
Genworth Financial has a market capitalization of $1.94 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.
