Genworth Financial Inc (GNW) is Resumed by Wells Fargo to Market Perform

Genworth Financial Inc (GNW) was Resumed by Wells Fargo to “Market Perform”. Wells Fargo advised their investors in a research report released on Sep 23, 2016.

On the company’s financial health, Genworth Financial Inc reported $0.39 EPS for the quarter, beating the analyst consensus estimate by $ 0.19 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.20. The company had revenue of $2236.00 million for the quarter, compared to analysts expectations of $2148.21 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.

Genworth Financial Inc opened for trading at $4.95 and hit $5.04 on the upside on Thursday, eventually ending the session at $4.95, with a gain of 0.41% or 0.02 points. The heightened volatility saw the trading volume jump to 60,67,228 shares. Company has a market cap of $2,467 M.

In a different news, on Sep 2, 2015, Thomas J Mcinerney (CEO) purchased 30,000 shares at $5.21 per share price. According to the SEC, on Aug 26, 2015, Michael S Laming (EVP – Human Resources) purchased 25,000 shares at $4.50 per share price. On Aug 26, 2015, James A Parke (director) purchased 50,000 shares at $4.51 per share price, according to the Form-4 filing with the securities and exchange commission.

Genworth Financial Inc. is engaged in providing the insurance retirement and homeownership needs of its customers. The Company operates through three divisions: U.S. Life Insurance Global Mortgage Insurance and Corporate and Other. The Company operates in segments: U.S. Life Insurance in which it offers and manages a variety of insurance and fixed annuity products in the United States; International Mortgage Insurance in which it provides mortgage insurance products and related services in Canada and Australia and also in select European and other countries; U.S. Mortgage Insurance in which it offers mortgage insurance products predominantly insuring prime-based individually underwritten residential mortgage loans; International Protection in which it provides payment protection coverages and Runoff which includes the results of non-strategic products which are no longer actively sold.

Genworth Financial Inc

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