Genworth Financial Inc
Leading Players in the US Annuity Industry
The market leader in the fixed annuity industry is Allianz Life Insurance Company of North America with 13% market share, followed by New York Life with 8%.
Why did George Soros open a new position in Essent Group?
Essent Group Ltd. saw an IPO on October 31 2013 that raised $335 million. The company sold 19.7 million shares in the IPO at $17 per share.
GE’s Partial Lawsuit Victory: Should Investors Rejoice?
After it announced the sale of its PK AirFinance business on August 29, General Electric (GE) was the subject of more good news for investors.
The GE Fraud Saga: More Pain as Fitch Issues LTC Report
Fitch Ratings’ annual report on long-term care insurers ranked GE second on its list of the 16 riskiest LTC insurers. GE stock fell 3.18% on the news.
Small-Cap Banking Stocks Beat Large-Cap Stocks: End of Sell-Off?
Small-cap and mid-cap companies, which have market capitalizations under $2 billion and $10 billion, respectively, outperformed large-cap stocks last week and rose 7.9%.
How Did Small-Caps Outperform Large-Caps Last Week?
Small-caps under $10 billion market capitalization outperformed large-caps last week and rose 3.5%. The sense was that the global sell-off has eased for now and investors may be turning bullish.
Why Banks Rallied on February 12 but Could Not Offset Weekly Losses
The S&P500 Index gained by 2% on Friday, February 12, led by gains in bank stocks. But for the week, markets closed in the red, falling by 0.7%.
Small-Cap Financials Underperformed Large-Caps Last Week
Larger-cap stocks, above $10 billion, make up 87.3% of the Financial Select Sector SPDR Fund (XLF). These stocks have lost 8% in the past year.
AbbVie and Bristol-Myers Squibb Shine amid Murky Waters
Bristol-Myers Squibb (BMY) gained 3.46% on September 18. The stock traded at $64.34, crossing its 20-day, 50-day, and 200-day moving averages.