Genworth Financial Inc (GNW) News
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GNW News Highlights
- For GNW, its 30 day story count is now at 17.
- Over the past 22 days, the trend for GNW's stories per day has been choppy and unclear. It has oscillated between 1 and 7.
- The most mentioned tickers in articles about GNW are FSR, AGE and BB.
Latest GNW News From Around the Web
Below are the latest news stories about Genworth Financial Inc that investors may wish to consider to help them evaluate GNW as an investment opportunity.
Genworth Financial, Inc. (NYSE: GNW) (Genworth) today announced that it has successfully retired in full the outstanding balance on its Promissory Note with AXA, S.A. (AXA) of approximately $296 million. Following the full repayment of the Promissory Note, AXA has released its 19.9% security interest in the outstanding common stock of Enact Holdings, Inc.
Genworth Financial, Inc. (NYSE: GNW) today announced that it has successfully completed the initial public offering (IPO) of its subsidiary, Enact Holdings, Inc. (Enact), a leading provider of private mortgage insurance through its insurance subsidiaries. 15,306,960 shares of Enact common stock were sold in the IPO, including the full exercise by the underwriters of their overallotment option to purchase 1,996,560 shares, at a price to the public of $19.00 per share. Enact is now trading on the
Shares of Enact Holdings Inc, the mortgage insurance unit of insurer Genworth Financial Inc , traded more than 5% higher in their Nasdaq debut on Thursday, giving it a valuation of $3.26 billion. The debut comes after parent Genworth revived Enact's IPO earlier in the week. It had deferred the offering in May, citing excessive market volatility.
Genworth Financial Inc. on Monday revived plans for an initial public offering of Enact Holdings, aiming for a valuation of more than billion for its mortgage insurance unit, according to a regulatory filing. Enact''s existing shareholders plan to raise as much as .21 million by selling about 13.31 million shares in the IPO, priced between and per The post Genworth Targets B Valuation in Mortgage Insurance Unit''s IPO appeared first on InsuranceNewsNet .
Genworth Announces Amendment of Registration Statement for Proposed Initial Public Offering by Enact
RICHMOND, Va., Sept. 13, 2021 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) (Genworth, the Company) today announced that its wholly owned subsidiary, Enact Holdings, Inc. (Enact), has amended its registration statement on Form S-1 with the U.S. Securities and Exchange Commission
Genworth Financial Inc on Monday revived plans for an initial public offering (IPO) of Enact Holdings, aiming for a valuation of more than $3 billion for its mortgage insurance unit, according to a regulatory filing. The company had deferred the IPO https://www.reuters.com/article/us-enact-ipo-idUSKBN2CU0ZR in May due to market volatility, with Chief Executive Officer Tom McInerney saying the market pricing did not accurately reflect the company's value. Enact's existing shareholders plan to raise as much as $266.21 million by selling about 13.31 million shares in the IPO, priced between $19 and $20 per share.
Enact Holdings Inc. , the mortgage insurer owned by Genworth Financial Inc. , set terms for its initial public offering on Monday with plans to offer 13.3 million shares priced at $19 to $20 each. The company would be valued at $3.3 billion at the top of that range. The company said all shares will be sold by Genworth and it will not receive any proceeds. It has applied to list on Nasdaq under the ticker "ACT." Goldman Sachs and JP Morgan are lead underwriters in a team of nine banks working on
AM Best Revises Issuer Credit Rating Outlook to Negative for Genworth Life and Annuity Insurance Company; Affirms Credit Ratings of Genworth Financial, Inc. and Its U.S. Life Subsidiaries
OLDWICK, N.J., September 09, 2021--AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B (Fair) and the Long-Term ICR of "bb+" (Fair) of Genworth Life and Annuity Insurance Company (GLAIC) (Richmond, VA). The outlook of the FSR is stable. Concurrently, AM Best has affirmed the FSR of C++ (Marginal) and the Long-Term ICRs of "b" (Marginal) of Genworth Life Insurance Company (GLIC) (Wilmi
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