Genworth Financial Inc (NASDAQ: GNW) Profit Outlook

Genworth Financial Inc day trading at USD 2.3 per share, then rallying to 2.41 and closing at USD 2.32 per share. A net gain of 0.86% for the day. Long term pricing analysis shows the stock trading at 51.11% lower than it’s 52week high and -20.85% higher than the 52week low. The share volume traded for the day was 2,963K which was 0 times the 50 Day Average Volume.

Genworth Financial Inc had a market cap of 1,171,892K as of 6th July 2020. The Earnings Per Share (EPS) for Q4 2019 is $0.21

Genworth Financial Inc is an S&P 400 insurance company. The firm was founded as The Life Insurance Company of Virginia in 1871. In 1986, Life of Virginia was acquired by Combined Insurance, which became Aon plc in 1987. In 1996, the Life of Virginia was sold to GE Capital.

Financial Results

Genworth Financial Inc Reports First Quarter Of Fiscal 2020.

  • The net loss in the quarter included investment losses of $89 million, net of taxes and other adjustments.
  • Net investment income was $793 million in the quarter, compared to $794 million in both the prior quarter and the prior year.
  • The company reported a net loss3 of $66 million, or $0.134 per diluted share, in the first quarter of 2020, compared with net income of $174 million, or $0.34 per diluted share, in the first quarter of 2019.
  • The company reported adjusted operating income5 of $33 million, or $0.07 per diluted share, in the first quarter of 2020, compared with adjusted operating income of $95 million, or $0.19 per diluted share, in the first quarter of 2019.

Genworth Financial Inc (6th July 2020): The Institutional Ownership as of today stood at 74.31% and the Total Value of Holdings (millions) is $ 856

New Institutional Holders and other activity – As of today, the total number of shares held is, 375,373,683 by 321 institutional holders.

LATEST NEWS:

4-July-2020:- New Mexico Educational Retirement Board Has $398,000 Position in Genworth Financial Inc (NYSE: GNW)

New Mexico Educational Retirement Board lifted its holdings in shares of Genworth Financial Inc (NYSE: GNW) by 38.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 119,900 shares of the financial services provider’s stock after buying an additional 33,300 shares during the period.

1-July-2020:- Jane Street Group LLC Acquires 99,829 Shares of Genworth Financial Inc (NYSE: GNW) – Modern Readers

Jane Street Group LLC raised its holdings in shares of Genworth Financial Inc (NYSE: GNW) by 299.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 133,121 shares of the financial services provider’s stock after acquiring an additional 99,829 shares during the period.

29-June-2020:- Schroder Investment Management Group Decreases Stock Position in Genworth Financial Inc (NYSE: GNW)

Schroder Investment Management Group lowered its stake in Genworth Financial Inc (NYSE: GNW) by 87.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,500 shares of the financial services provider’s stock after selling 320,965 shares during the quarter.

 

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