Mortgage insurer. This has traded at a low valuation multiple, and there have been concerns around the business for the last number of years, as people are worried about the Canadian housing market getting overheated and a possible correction. New mortgage regulations will curb business to some degree, and lead to a situation where maybe the quality of their customers are going to be higher, but with less people qualifying, giving potentially lower earnings. He would not be a buyer at this time as there are too many uncertainties as to how the new regulations are going to impact the mortgage insurance market, and more broadly what is going to happen to the Canadian housing market. Dividend yield of 5.8%.
Genworth Financial Inc is a American stock, trading under the symbol GNW-N on the New York Stock Exchange (GNW). It is usually referred to as NYSE:GNW or GNW-N
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On 2024-11-08, Genworth Financial Inc (GNW-N) stock closed at a price of $7.07.