Viewing Opinion | StockChase
Genworth Financial Inc (GNW-N) opinion on 2016-10-25

Last Price Recorded: 3.1600 on 2017-11-16

ON STOCKCHASE SINCE Feb 2006

insurance
WAIT

Colin Stewart
Genworth Financial Inc was $4.570 at time of opinion
Owned : No

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%.

UNKNOWN

All opinions for GNW-N (5)

1 BUY
1 COMMENT
1 PAST TOP PICK
1 TOP PICK
1 WAIT
View All

More experts covering GNW-N

SAVE
Add GNW-N to Watch List

All opinions for GNW-N (5)

1 BUY
1 COMMENT
1 PAST TOP PICK
1 TOP PICK
1 WAIT
View All

More experts covering GNW-N

SAVE
Add GNW-N to Watch List
Post Comment

1 Comment

JaydoubleU

October 25th 2016 at 2:52pm

I think he is referring to MIC-T, the Canadian arm of Genworth.


You must be logged in to comment.

Successfully Saved Company