Genworth Financial Inc

GNW-N

NYSE:GNW

4.24
0.08 (1.85%)
Genworth Financial is a Fortune 500 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.
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Analysis and Opinions about GNW-N

Signal
Opinion
Expert
WAIT
WAIT
October 25, 2016

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%.

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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%.

COMMENT
COMMENT
July 11, 2012
He is Short a number of mortgage/housing companies including as this one.
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He is Short a number of mortgage/housing companies including as this one.
BUY
BUY
February 7, 2011
Gone sideways for the past year, which is surprising as they did a big share Buy-Back and raised dividends. Market is worried about a housing bubble. 3rd quarter numbers were a bit disappointing. Some defaults are insured by CMHC. Very profitable business.
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Gone sideways for the past year, which is surprising as they did a big share Buy-Back and raised dividends. Market is worried about a housing bubble. 3rd quarter numbers were a bit disappointing. Some defaults are insured by CMHC. Very profitable business.
PAST TOP PICK
PAST TOP PICK
May 11, 2006
(A Top Pick Feb 9/06. No change.) Has been at $33 for some time. Sold some of his holdings and is considering selling the rest.
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(A Top Pick Feb 9/06. No change.) Has been at $33 for some time. Sold some of his holdings and is considering selling the rest.
TOP PICK
TOP PICK
February 9, 2006
A life insurance company with a long track record of profitability. A spin out from General Electric. General Electric will be selling the last third in the next month. When/if this happens, there will probably be a dip which will be a good time to get into the stock. You might see it $1/2 lower.
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A life insurance company with a long track record of profitability. A spin out from General Electric. General Electric will be selling the last third in the next month. When/if this happens, there will probably be a dip which will be a good time to get into the stock. You might see it $1/2 lower.
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