Genworth Financial Inc (GNW) News

Genworth Financial Inc (GNW): $3.51

-0.03 (-0.85%)

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GNW News Highlights

  • For GNW, its 30 day story count is now at 10.
  • Over the past 14 days, the trend for GNW's stories per day has been choppy and unclear. It has oscillated between 1 and 5.
  • PLUG, III and JILL are the most mentioned tickers in articles about GNW.

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.

Is GNW Stock A Buy or Sell?

Although the masses and most of the financial media blame hedge funds for their exorbitant fee structure and disappointing performance, these investors have proved to have great stock picking abilities over the years (that’s why their assets under management continue to swell). We believe hedge fund sentiment should serve as a crucial tool of an […]

Yahoo | April 8, 2021

Genworth Cancels $2.7B Oceanwide Buyout Deal

Genworth Financial said that it has terminated the buyout deal worth $2.7 billion with investment firm China Oceanwide Holdings Group. Shares of the U.S. insurer were down 1.1% in Wednesday’s pre-market trading. Genworth (GNW) initially proposed the deal in Oct. 2016, but Reuters learned that the merger got delayed over concerns related to China getting access to U.S. citizen’s sensitive data. Meanwhile, Genworth’s board said that it is terminating the transaction as “Oceanwide will be unable to close the proposed transaction within a reasonable time frame and that greater clarity about Genworth's future is needed now in order for the Company to execute its plans to maximize shareholder value.

Amit Singh on TipRanks | April 7, 2021

Genworth pulls plug on its acquisition by China Oceanwide

Insurer Genworth Financial has pulled the plug on its long-delayed acquisition by a Chinese company

ABC News | April 6, 2021

UPDATE 1-Insurer Genworth terminates $2.7 bln buyout deal with China Oceanwide

Genworth Financial Inc has terminated a $2.7 billion buyout agreement with investment firm China Oceanwide Holdings Group Co, the U.S. insurer said on Tuesday. Shares of Genworth fell more than 6% in extended trading. "Greater clarity about Genworth's future is needed now in order for the company to execute its plans to maximize shareholder value," Genworth's non-executive chairman James Riepe said, explaining the rationale behind the move.

Yahoo | April 6, 2021

Genworth Announces Termination of Merger Agreement with Oceanwide

Genworth Financial, Inc. (NYSE: GNW) (Genworth, the Company) today announced that it has exercised its right to terminate its merger agreement with China Oceanwide Holdings Group Co., Ltd. (Oceanwide) as of April 6, 2021. Terminating the agreement allows Genworth to pursue its revised strategic plan without restrictions and without uncertainty regarding its ultimate ownership, which might impact the Company's ability to successfully execute the plan.

Yahoo | April 6, 2021

Genworth Financial, Inc.: Great Time To Buy

Photo by Timothy Hiatt/Getty Images Entertainment via Getty Images For the longest time, Genworth Financial, Inc. (NYSE:GNW, hereinafter "Genworth") has battled to shore up deficiencies at its life insurance subsidiaries and reduce the amount of debt held at Genworth Holdings, Inc. (Genworth Holding, Inc. is Genworth's wholly-owned subsidiary that bears...

Anthony H. Steinmetz on Seeking Alpha | April 5, 2021

Genworth Financial Announces Election of Three New Independent Directors

Genworth Financial, Inc. (NYSE: GNW) today announced the election of three new independent directors to its Board of Directors: Jill R. Goodman, Managing Director at Foros Advisors LLC; Howard D. Mills, III, former Superintendent of the New York Insurance Department; and Ramsey Smith, Founder and CEO of These additions, effective immediately, bring the current Genworth Board of Directors to 12 members. All three will stand for re-election with the other Directors at Genworth's 2021 Annual Meeting of Stockholders, scheduled for May 20, 2021.

Yahoo | March 25, 2021

3 Top Stocks Under $5

While it's true Tesla's stock is trading near $700 and Amazon's stock is stunningly priced around $3,000 per share, plenty of great picks can be bought for a fiver or less. Like most other stocks, shares of long-term care, life, and mortgage insurer Genworth Financial (NYSE: GNW) tumbled between February and July of last year as the coronavirus pandemic ravaged the U.S. Investors didn't know exactly how the contagion might impact the economy or insurers in particular. As it turns out, not only was the worst-case scenario never realized, but Genworth may have actually benefited from the pandemic.

Yahoo | March 13, 2021

Genworth Financial Announces Sale of Its Interest in Genworth Mortgage Insurance Australia Limited

Genworth Financial, Inc. (NYSE: GNW) today announced that its wholly owned subsidiaries Genworth Financial International Holdings, LLC and Genworth Holdings, Inc. (as partners) (together, "Genworth") have sold, through an underwritten agreement, approximately 214.3 million shares in Genworth Mortgage Insurance Australia Limited ("Genworth Australia") at A$2.28 per share. This represents Genworth's entire ownership position in Genworth Australia. Settlement of the sale will occur on March 3 (Sydney time).

Yahoo | February 28, 2021

Genworth Financial (NYSE:GNW) Releases Quarterly Earnings Results, Beats Expectations By $0.14 EPS

Genworth Financial (NYSE:GNW) released its quarterly earnings data on Tuesday. The financial services provider reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.14, MarketWatch Earnings reports. Genworth Financial had a positive return on equity of 1.12% and a negative net margin of 1.26%. Genworth Financial stock opened at […]

Transcript Daily | February 18, 2021

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