The stock of Genworth Mortgage Insurance Australia (ASX:GMA) is a huge mover today! The stock increased 2.92% or $0.08 on November 18, hitting $2.82. About 546,132 shares traded hands. Genworth Mortgage Insurance Australia (ASX:GMA) has declined 0.31% since April 22, 2016 and is downtrending. It has underperformed by 4.74% the S&P500.
The move comes after 9 months positive chart setup for the $1.41 billion company. It was reported on Nov, 18 by Barchart.com. We have $4.09 PT which if reached, will make ASX:GMA worth $634.50 million more.
More notable recent Genworth Mortgage Insurance Australia (ASX:GMA) news were published by: Nasdaq.com which released: “Genworth Australia Renews Lenders Mortgage Insurance Deal with CBA” on November 02, 2016, also Reuters.com with their article: “BRIEF-Genworth Mortgage Insurance Australia says GFI acquisition by China …” published on October 23, 2016, Smh.com.Au published: “Genworth Mortgage Insurance Australia underlying profit falls 5pc to $265m” on February 04, 2016. More interesting news about Genworth Mortgage Insurance Australia (ASX:GMA) were released by: Smh.com.Au and their article: “Genworth Mortgage Insurance Australia profit falls 25pc in first half” published on August 05, 2015 as well as Bloomberg.com‘s news article titled: “Genworth Australia Appoints New Chairman as Grellman Retires” with publication date: August 12, 2016.
Genworth Mortgage Insurance Australia Limited is an Australia company, which provides lenders mortgage insurance (LMI). The company has a market cap of $1.41 billion. The Firm operates through one geographical segment conducting loan mortgage insurance business in Australia. It has a 6.38 P/E ratio. Genworth Australia has commercial relationships with over 105 lenders across Australia.
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