Hot Insurance Companies To Own In Right Now

Hot Insurance Companies To Own In Right Now: Genworth Financial Inc (GNW)

Genworth Financial, Inc., a financial security company, provides insurance, wealth management, investment, and financial solutions in the United States and internationally. The company offers various insurance and fixed annuity products, including life and long-term care insurance products; payment protection insurance products for consumers primarily to meet specified payment obligations; and wealth management products, such as managed account programs with advisor support and financial planning services. It also provides mortgage insurance products and related services to insure prime-based, individually underwritten residential mortgage loans or flow mortgage insurance; and mortgage insurance on a structured or bulk basis, as well as offers services, analytical tools, and technology that enable lenders to operate and manage risk. In addition, the company provides institutional products consisting of funding agreements, funding agreements backing notes, and guaranteed in vestment contracts. Genworth Financial, Inc. distributes its products and services through financial intermediaries, advisors, independent distributors, affinity groups, and sales specialists. The company was founded in 2003 and is headquartered in Richmond, Virginia.

Advisors' Opinion:

• [By Lisa Levin]

  Genworth Financial (NYSE: GNW) shares fell 4.81% to $16.24 after the company offered a response to GSE-Sponsored draft Private Mortgage Insurance Eligibility Requirements.

• [By Sue Chang and Saumya Vaishampayan]

  Genworth Financial Inc. (GNW) shares added 4%. The insurer on Wednesday said it plans to expand and restructure its sales team this year to better work with mortgage originators.

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