QUOTE AND NEWS
newratings.com  Aug 22  Comment 
Director's Dealings announcement according to §15a WpHG (the German Securities Trading Act) Koenig & Bauer AG / Director's Dealings announcement according to §15a WpHG (the German Securities Trading Act) . Processed and transmitted...
newratings.com  Aug 21  Comment 
MorphoSys AG : Publication pursuant to §26 sect.1 WpHG (the German Securities Trading Act) with the aim of pan-European distribution MorphoSys AG / MorphoSys AG : Publication pursuant to §26 sect.1 WpHG (the German Securities Trading Act)...
newratings.com  Aug 20  Comment 
Ad hoc: Biofrontera AG files litigation against former supplier Biofrontera AG / Keyword(s): Misc. matters / Ad hoc: Biofrontera AG files litigation against former supplier . Ad hoc announcement according to § 15 WpHG. Processed and transmitted...
newratings.com  Aug 19  Comment 
Ad hoc: MorphoSys and Emergent BioSolutions Sign License Agreement to Co-Develop and Commercialize Prostate Cancer Drug Candidate ES414 MorphoSys AG / Keyword(s): Contract / Ad hoc: MorphoSys and Emergent BioSolutions Sign License Agreement to...
DailyFinance  Aug 19  Comment 
Kirby McInerney LLP announced today that it has filed a class action lawsuit in the United States District Court for the Southern District of New York on behalf of investors who acquired Genworth Financial, Inc. ...
DailyFinance  Aug 16  Comment 
Filed under: Personal Finance, Elder Care, Home Health Care, Planning, Financial Education Alamy If you're part of the sandwich generation -- responsible for care of both your aging parents and your own children -- then you know how tough those...
SeekingAlpha  Aug 15  Comment 
By Brian Grosso: Genworth Financial (NYSE:GNW) recently reported its Q2 2014 financial results. Most of the business continued to make progress in what has been an awesome turnaround over the past 18 months led by new CEO Thomas McInerney that...
newratings.com  Aug 13  Comment 
Ad hoc: Analytik Jena AG Will Acquire ICP-MS Business from Bruker Analytik Jena AG / Keyword(s): Acquisition / Ad hoc: Analytik Jena AG Will Acquire ICP-MS Business from Bruker . Ad hoc announcement according to § 15 WpHG. Processed and...
newratings.com  Aug 13  Comment 
Director's Dealings announcement according to §15a WpHG (the German Securities Trading Act) ADVA Optical Networking SE / Director's Dealings announcement according to §15a WpHG (the German Securities Trading Act) . Processed and...
newratings.com  Aug 8  Comment 
Director's Dealings announcement according to §15a WpHG (the German Securities Trading Act) ADVA Optical Networking SE / Director's Dealings announcement according to §15a WpHG (the German Securities Trading Act) . Processed and...




 
TOP CONTRIBUTORS

Genworth Financial (NYSE: GNW) provides domestic and international mortgage insurance, long-term care insurance, and life insurance products. Genworth's exposure to some of the recently maligned companies (like Fannie Mae (FNM), Freddie Mac (FRE), American International Group (AIG), Lehman Brothers (LEH), and Washington Mutual (WM)) totals roughly $630 million.[1]

In February 2008, Genworth reported a $93 million write-down due to underestimated risk in its actuarial models as well as losses due to investments in subprime securities.[2] Over the past year, Genworth's stock has steadily fallen from a high of 31.77 per share to a low of 4.85 per share as of September 29, 2008.[3]

That said, the company has maintained its "AA" credit rating while many of its competitors have been reduced to "A" ratings.[4] It maintains approximately $800 million in cash and has a roughly $1.8 billion credit facility available.[5] The company has even continued to issue a $0.10 quarterly dividend.[6]




References

  1. "Genworth says it may spin off its mortgage insurance business, MarketWatch, September 30, 2008
  2. "Zacks Industry Rank Analysis Highlights: AIG, FLIR, GNW, LNC, and NOC", BNET, February 14, 2008
  3. Google Finance GNW Page
  4. "Deutsche Bank analyst: Genworth well-capitalized", Forbes, September 26, 2008
  5. "Conseco shares slump 40% on exposure to AIG, Lehman, WaMu, ShareBuilder, September 17, 2008
  6. Reuters Key Development GNW
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki