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About Genworth Financial (NYSE:GNW)
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 Ratio2.50
Forward P/E Ratio3.77
P/E Growth0.74
Sales & Book Value
Annual Sales$8.30 billion
Price / Sales0.21
Cash Flow$2.0174 per share
Price / Cash1.72
Book Value$29.69 per share
Price / Book0.12
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 (NYSE:GNW) posted its quarterly earnings results on Tuesday, May, 1st. The financial services provider reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by $0.01. The financial services provider earned $2.12 billion during the quarter, compared to analyst estimates of $2.15 billion. Genworth Financial had a net margin of 9.39% and a return on equity of 4.50%. The company's revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.29 earnings per share. View Genworth Financial's Earnings History.
What price target have analysts set for GNW?
4 brokerages have issued twelve-month target prices for Genworth Financial's stock. Their forecasts range from $3.00 to $4.00. On average, they anticipate Genworth Financial's stock price to reach $3.50 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. 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)
- 2. 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)
- 3. BTIG Research analysts commented, "Hosting a Call Following Release of 4Q17 Report? With the fate of its deal to be acquired by China Oceanwide (952 HK, Not Rated) caught in regulatory limbo and a $600mm debt maturity looming on May 22, Genworth Financial (GNW) is set to release its 4Q17 report today after the market close. What has many investors buzzing, however, is the conference call that GNW management has scheduled for tomorrow at 9am ET." (2/8/2018)
Are investors shorting Genworth Financial?
Genworth Financial saw a decline in short interest in the month of May. As of May 15th, there was short interest totalling 10,377,350 shares, a decline of 41.0% from the April 30th total of 17,596,744 shares. Based on an average trading volume of 3,583,673 shares, the days-to-cover ratio is currently 2.9 days. Approximately 2.1% of the company's stock are sold short.
Who are some of Genworth Financial's key competitors?
Some companies that are related to Genworth Financial include Brighthouse Financial (BHF), Primerica (PRI), American National Ins (ANAT), American Equity Investment Life (AEL), FBL Financial Group (FFG), FGL (FG), National Western Life (NWLI), Independence (IHC), Kansas City Life Insurance (KCLI), Citizens (CIA), UTG (UTGN), Investors Heritage Capital (IHRC), Atlantic American (AAME), Emergent Capital (EMGC) and GWG (GWGH).
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 stories about GNW stock have been trending positive on Saturday, Accern reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Genworth Financial earned a coverage optimism score of 0.30 on Accern's scale. They also gave news headlines about the financial services provider an impact score of 44.00 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next few days.
Who are Genworth Financial's major shareholders?
Genworth Financial's stock is owned by a number of of retail and institutional investors. Top institutional shareholders 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 purchased 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 $3.47.
How big of a company is Genworth Financial?
Genworth Financial has a market capitalization of $1.70 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.
Genworth Financial (NYSE:GNW) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
4 Wall Street analysts have issued ratings and price targets for Genworth Financial in the last 12 months. Their average twelve-month price target is $3.50, suggesting that the stock has a possible upside of 0.86%. The high price target for GNW is $4.00 and the low price target for GNW is $3.00. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.25 | 2.25 | 2.25 | 2.25 |
| Ratings Breakdown: | 0 Sell Rating(s)
3 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $3.50 | $3.50 | $3.8750 | $3.8750 |
| Price Target Upside: | 0.86% upside | 28.21% upside | 33.16% upside | 11.03% upside |
Genworth Financial (NYSE:GNW) Consensus Price Target History
Genworth Financial (NYSE:GNW) Analyst Ratings History
Show:
(Data available from 5/26/2016 forward)
Genworth Financial (NYSE:GNW) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
Genworth Financial (NYSE GNW) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.28%
Institutional Ownership Percentage: 66.05%
Genworth Financial (NYSE GNW) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 8/31/2015 | Thomas J Mcinerney | CEO | Buy | 30,000 | $5.21 | $156,300.00 | 143,962 |  |
| 8/26/2015 | James A Parke | Director | Buy | 50,000 | $4.51 | $225,500.00 | 350,000 | |
| 8/26/2015 | Michael S Laming | EVP | Buy | 25,000 | $4.50 | $112,500.00 | 46,387 | |
| 8/24/2015 | Thomas J Mcinerney | CEO | Buy | 30,000 | $4.50 | $135,000.00 | 113,962 | |
| 8/21/2015 | Thomas E Moloney | Director | Buy | 5,000 | $4.71 | $23,550.00 | 11,000 | |
| 8/18/2015 | Michael S Laming | EVP | Buy | 20,000 | $5.20 | $104,000.00 | 46,387 | |
| 8/7/2015 | Martin P Klein | CFO | Buy | 15,000 | $4.99 | $74,850.00 | | |
| 8/7/2015 | Thomas J Mcinerney | CEO | Buy | 30,000 | $5.00 | $150,000.00 | | |
| 3/4/2014 | Thomas Moloney | Director | Buy | 2,000 | $15.71 | $31,420.00 | 6,000 | |
| 12/9/2013 | Martin Klein | CFO | Sell | 20,000 | $15.26 | $305,200.00 | 36,439 | |
| 11/20/2013 | Kelly Groh | VP | Sell | 8,916 | $15.00 | $133,740.00 | 8,994 | |
| 10/29/2013 | Kelly L Groh | VP | Sell | 4,000 | $14.50 | $58,000.00 | | |
| 10/21/2013 | Kelly L Groh | VP | Sell | 8,000 | $14.00 | $112,000.00 | | |
| 8/6/2013 | Leon Roday | SVP | Sell | 30,000 | $12.93 | $387,900.00 | 32,526 | |
| 7/23/2013 | Kelly L Groh | VP | Sell | 4,000 | $13.74 | $54,960.00 | | |
| 7/18/2013 | Kelly L Groh | VP | Sell | 4,000 | $13.00 | $52,000.00 | | |
| 7/2/2013 | Kelly L Groh | VP | Sell | 4,000 | $12.00 | $48,000.00 | | |
| 5/7/2013 | Thomas J Mcinerney | CEO | Buy | 10,000 | $10.89 | $108,900.00 | | |
| 5/6/2013 | Kelly L Groh | VP | Sell | 10,000 | $10.61 | $106,100.00 | | |
| 11/5/2012 | Martin P Klein | CEO | Buy | 15,000 | $6.00 | $90,000.00 | | |
(Data available from 1/1/2013 forward)
Genworth Financial (NYSE GNW) News Headlines
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Genworth Financial (NYSE:GNW) SEC Filings
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Genworth Financial (NYSE:GNW) Income Statement, Balance Sheet and Cash Flow Statement
Genworth Financial (NYSE GNW) Stock Chart for Saturday, May, 26, 2018
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