Last $13.12 USD
Change Today +0.02 / 0.15%
Volume 6.0M
As of 8:04 PM 10/1/14 All times are local (Market data is delayed by at least 15 minutes).

genworth financial inc-cl a (GNW) Key Developments

Brower Piven Announces Commencement of Class Lawsuit Against Genworth Financial, Inc

Brower Piven announced that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers of Genworth Financial, Inc. securities during the period between December 4, 2013 through July 29, 2014, inclusive. The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the defendants' failure to disclose during the Class Period that the company's long term care insurance claims were increasing in number and size and that the company would have to increase its reserves to meet these claims. According to the complaint, following the Company's July 29, 2014 announcement that its LTC insurance division suffered from higher losses than the prior quarter due to the increased number and size of LTC insurance claims and that the company was conducting a comprehensive review of the adequacy of its claim reserves, the value of Genworth shares declined significantly.

Genworth Financial, Inc. Presents at Scotiabank GBM's Financials Summit 2014, Sep-04-2014 10:45 AM

Genworth Financial, Inc. Presents at Scotiabank GBM's Financials Summit 2014, Sep-04-2014 10:45 AM. Venue: Fairmont Royal York Hotel, Toronto, Ontario, Canada.

Genworth Financial, Inc. Presents at UBS Best of Americas Conference 2014, Sep-11-2014 11:10 AM

Genworth Financial, Inc. Presents at UBS Best of Americas Conference 2014, Sep-11-2014 11:10 AM. Venue: UBS Offices, 1 Finsbury Avenue, London, EC2M 2PP, United Kingdom. Speakers: Tom McInerney, President & Chief Executive Officer.

Kirby Mcinerney LLP Files Class Action Lawsuit Against Genworth Financial, Inc

Kirby McInerney LLP announced 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. securities during the period from December 4, 2013 through July 29, 2014. Pursuant to applicable law, investors have until November 17, 2014 to file a motion to be appointed as lead plaintiff in the investor lawsuit. The lawsuit charges that throughout the class period, the Company failed to disclose: that the Company's long term care insurance claims were increasing in number and size; that the Company would have to increase its reserves to meet these claims; and that, as a result of the foregoing, the company's statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis.

Genworth Financial, Inc. Presents at Keefe, Bruyette, & Woods, Inc.'s Annual Insurance Conference, Sep-04-2014 08:45 AM

Genworth Financial, Inc. Presents at Keefe, Bruyette, & Woods, Inc.'s Annual Insurance Conference, Sep-04-2014 08:45 AM. Venue: The Crowne Plaza Times Square, 1605 Broadway, New York, New York, United States. Speakers: Martin P. Klein, Chief Financial Officer and Executive Vice President.

 

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GNW

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Valuation GNW Industry Range
Price/Earnings 9.8x
Price/Sales 0.7x
Price/Book 0.4x
Price/Cash Flow 9.6x
TEV/Sales NM Not Meaningful
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