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Last $7.53 USD
Change Today -0.04 / -0.53%
Volume 5.6M
As of 8:04 PM 07/1/15 All times are local (Market data is delayed by at least 15 minutes).

genworth financial inc-cl a (GNW) Key Developments

US Pension Fund New Bedford Contributory Retirement System Joins Class Action Against Genworth Financial

US pension fund New Bedford Contributory Retirement System has joined a class action against Genworth Financial, alleging the US giant misled shareholders over the outlook of its Australian insurance arm's initial public offering. The much-publicised partial float of Genworth's Australian lender's mortgage insurance division was put on hold three years ago due to losses from higher claims and delinquencies, before it was finally executed last May. Some institutional investors, including US pension fund Hialeah Employees' Retirement System, started a class action against Genworth last year - alleging the company misled shareholders over the outlook of its Australian unit, before shocking the market when it put the float on ice in 2012. Legal documents filed in New York last month showed another pension fund, New Bedford Contributory Retirement System, has joined the fight as a new lead plaintiff against Genworth. The two investors argue the company ‘deceived the investing public regarding Genworth's operation and business, and the true value of Genworth's securities’.

Genworth Financial, Inc. Presents at REITWEEK 2015: NAREIT's Investor Forum, Jun-09-2015

Genworth Financial, Inc. Presents at REITWEEK 2015: NAREIT's Investor Forum, Jun-09-2015 . Venue: New York Hilton Midtown, 1335 Avenue of the Americas, New York, NY 10019, United States.

Genworth Financial Is Considering Selling Lifestyle-Protection Insurance Business

Genworth Financial, Inc. (NYSE:GNW) has said it is considering selling business units such as its lifestyle-protection insurance business to raise capital. Genworth Financial also is seeking to raise capital to comply with regulatory requirements going into effect December 31, 2015 for companies that back U.S. home loans.

Genworth Financial, Inc. - Shareholder/Analyst Call

AGM

Genworth Financial, Inc. Presents at Keefe, Bruyette, & Woods Mortgage Finance Conference, Jun-02-2015 02:25 PM

Genworth Financial, Inc. Presents at Keefe, Bruyette, & Woods Mortgage Finance Conference, Jun-02-2015 02:25 PM. Venue: Millennium Broadway Hotel, 145 West 44th Street, New York, New York, United States. Speakers: Rohit Gupta, President of U.S. Mortgage Insurance.

 

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GNW:US $7.53 USD -0.04

GNW Competitors

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Company Last Change
Assurant Inc $68.55 USD +1.55
Erie Indemnity Co $84.64 USD +2.57
Federal Home Loan Mortgage Corp $2.22 USD +0.01
Reinsurance Group of America Inc $96.36 USD +1.49
Unum Group $36.09 USD +0.34
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Industry Analysis

GNW

Industry Average

Valuation GNW Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.4x
Price/Book 0.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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