Streetbeat News

GNW

Genworth Financial, Inc.

https://www.genworth.com

Industry

Insurance - Life

Genworth Financial, Inc. provides insurance products in the United States and internationally. The company operates in three segments: Enact, U.S. Life Insurance, and Runoff. The Enact segment offers mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans; and pool mortgage insurance products. The U.S. Life Insurance segment offers long-term care insurance products; and service traditional life insurance and fixed annuity products in the United States. The Runoff segment includes variable annuity, variable life insurance, and corporate-owned life insurance, as well as funding agreements. It distributes its products through sales force, in-house sales representatives, and digital marketing programs. The company was founded in 1871 and is headquartered in Richmond, Virginia.

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Genworth Financial (NYSE:GNW) reported Q2 2024 adjusted EPS of $0.28, beating the analyst estimate of $0.20. However, sales decreased by 6.50% year-over-year to $1.769 billion.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:53 pm

Genworth Financial's shares surged following the announcement of their Q1 adjusted EPS results, which exceeded expectations, alongside a year-over-year increase in Q1 sales.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:05 pm

Genworth Financial (GNW) reported Q1 2024 adjusted EPS of $0.19, surpassing the $0.18 estimate, with sales rising to $1.864B from $1.854B YoY, indicating a 0.54% increase.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 9:40 pm

Genworth Financial has filed for a mixed shelf offering according to an SEC filing, though the size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 8:21 pm

Keefe, Bruyette & Woods analyst Ryan Krueger maintains a Market Perform rating on Genworth Financial (GNW) and raises the price target from $6.5 to $7.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 3:20 pm

Insurance stocks showed notable movements in Friday's intraday session. Universal Insurance Holdings led the gainers with a 16.66% rise, attributed to its Q4 earnings report. Other gainers included Heritage Insurance, Reliance Global Group, Goosehead Insurance, Genworth Financial, and American Coastal, with their movements also influenced by recent earnings reports. On the downside, Trupanion, Donegal Group, Maiden Holdings, Crawford, Safety Insurance Group, and eHealth experienced declines. The movements reflect the market's reaction to recent earnings reports and overall trading activity.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 5:40 pm

Genworth Financial (GNW) reported a Q4 2023 adjusted EPS of $(0.51), missing the analyst consensus estimate of $0.19 by 368.42%. Sales were $1.91B, a slight increase from $1.90B YoY.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 10:00 pm

The article lists companies scheduled to report their earnings on February 21, 2024, including their expected earnings per share and revenue. It covers a wide range of industries and includes both companies expected to report profits and losses.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 10:09 am

Genworth Finl (NYSE:GNW) is scheduled to release its quarterly earnings report on February 21, 2024, with analysts estimating an EPS of $0.19. The company's past earnings performance shows a mixed record of beating and missing EPS estimates, affecting its stock price variably. Shares of Genworth Finl were trading at $6.13 as of February 19, with a 1.5% increase over the last 52 weeks. Investors are particularly focused on the company's guidance for future growth.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 6:00 pm

In Monday's intraday session, insurance stocks saw movement with Hippo Holdings, eHealth, Lemonade, GoHealth, FG Finl Gr, and ProAssurance experiencing gains, while Huize Holding, Fanhua, Genworth Finl, Aegon, Crawford, and Brookfield Reinsurance faced declines. The changes in stock prices were not accompanied by significant changes in trading volume, which remained at 0% of the average full-day volume over the last 100 days for all mentioned stocks.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 5:40 pm

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