Genworth Financial Inc (GNW) Plunges 28.84%

Genworth Financial Inc (GNW) Plunges 28.84%

Genworth Financial Inc is a Genworth Financial is a diversified insurance holding company that provides various mortgage and life insurance products.

Genworth Financial Inc (GNW) had a rough trading day for Monday January 04 as shares tumbled 28.84%, or a loss of $-1.09 per share, to close at $2.69. After opening the day at $2.62, shares of Genworth Financial Inc traded as high as $2.95 and as low as $2.56. Volume was 37.89 million shares over 79,232 trades, against an average daily volume of n/a shares and a total float of 505.59 million.

As a result of the decline, Genworth Financial Inc now has a market cap of $1.36 billion. In the last year, shares of Genworth Financial Inc have traded between a range of $4.85 and $1.87, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

Genworth Financial is a diversified insurance holding company that provides various mortgage and life insurance products. The company has four main operating business segments: U.S. mortgage insurance; Australia mortgage insurance; U.S. life insurance, and Runoff. The company’s product portfolio includes various financial products such as traditional life insurance, mortgage insurance, fixed annuities, and variable annuities. The vast majority of revenue is generated by the company’s U.S. life insurance segment that offers long-term care insurance, fixed annuity, and traditional life insurance products. The company earns most of its revenue in the United States.

Genworth Financial Inc is based out of Richmond, VA and has some 3,217 employees. Its CEO is Thomas J. McInerney.

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