Insurance Stocks Under Scanner -- Genworth Financial, MetLife, ING Groep, and Manulife Financial
NEW YORK, March 2, 2017 /PRNewswire/ --
This morning, Stock-Callers.com follows the current performances of four Life Insurance equities which are: Genworth Financial Inc. (NYSE: GNW), MetLife Inc. (NYSE: MET), ING Groep N.V. (NYSE: ING), and Manulife Financial Corp. (NYSE: MFC). These companies belong to the Financials sector, which finished near its session highs late Wednesday, March 01st, 2017, with the NYSE Financials Sector Index jumping out to a 2.1% advance, while Financials companies in the S&P 500 Index were posting a nearly 3.0% gain. You can access our complimentary research reports on these stocks now at:
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Genworth Financial
Richmond, Virginia headquartered Genworth Financial Inc.'s shares gained 0.98%, closing Wednesday's trading session at $4.13. The stock recorded a trading volume of 5.22 million shares. The Company's shares have advanced 25.15% in the last month and 8.40% on an YTD basis. The stock is trading 8.78% and 5.46% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Genworth Financial, which provides insurance and homeownership solutions in the US and internationally, have a Relative Strength Index (RSI) of 66.48.
On March 01st, 2017, Genworth Financial announced that it will offer a listen-only broadcast of its Special Meeting of Stockholders to be held at 9:00 a.m. ET, March 07th, 2017. The broadcast will be accessible via telephone only. Visit us today and download your complete report on GNW for free at:
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MetLife
On Wednesday, shares in New York-based MetLife Inc. recorded a trading volume of 10.91 million shares, which was above their three months average volume of 6.02 million shares. The stock edged 3.60% higher, ending the day at $54.33. The Company's shares have advanced 0.65% in the previous three months and 1.56% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 1.36% and 15.93%, respectively. Furthermore, shares of MetLife, which provides life insurance, annuities, employee benefits, and asset management products in the US, Japan, Latin America, Asia, Europe, and the Middle East, have an RSI of 57.67.
On February 22nd, 2017, MetLife announced that it has achieved its 2015 goal of carbon neutrality, becoming the first US-based insurer to do so. MetLife achieved carbon neutrality by integrating sustainability and energy efficiency best practices across the company's global operations, and then offsetting the remainder of emissions through investments in carbon mitigation projects around the world. The complimentary research report on MET can be accessed at:
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ING Groep
Amsterdam, the Netherlands-based ING Groep N.V.'s stock finished the day 3.18% higher at $14.27. A total volume of 4.44 million shares was traded, which was above their three months average volume of 3.04 million shares. The Company's shares have gained 8.35% in the previous three months and 1.21% on an YTD basis. The stock is trading above its 200-day moving average by 12.63%. Additionally, shares of ING Groep, which operates as a financial services company that provides banking, investments, life insurance, and retirement services worldwide, have an RSI of 50.61.
On March 01st, 2017, ING announced that Erik Van Den Eynden has been appointed as the new CEO of ING in Belgium, effective immediately, and is tasked with leading ING in Belgium successfully through its proposed transformation. Erik began his ING career in 1990 as a management trainee at Banque Bruxelles Lambert. In the following 27 years, he has built up extensive experience in retail banking, wholesale banking and insurance. In 2009, he was appointed CEO of ING Insurance Belgium, Luxembourg & Variable Annuities Europe, and in 2012 he became head of MidCorporates and Institutionals at ING in Belgium. Register for free on Stock-Callers.com and download the PDF research report on ING at:
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Manulife Financial
Shares in Toronto, Canada headquartered Manulife Financial Corp. ended yesterday's session 1.79% higher at $18.24. The stock recorded a trading volume of 4.43 million shares, which was above its three months average volume of 2.54 million shares. The Company's shares have advanced 7.55% in the previous three months and 3.21% on an YTD basis. The stock is trading 19.11% above its 200-day moving average. Moreover, shares of Manulife Financial, which together with its subsidiaries, provides financial advice, insurance, and wealth and asset management solutions for individuals, groups, and institutions in Asia, Canada, and the US, have an RSI of 44.59.
On February 27th, 2017, Manulife Financial released the following statement with respect to FINTRAC's administrative penalty for Manulife Bank: "The penalty essentially related to administrative lapses in reporting to FINTRAC. Although we operate at the highest ethical standard, we are capable of administrative errors. They were remedied in the first half of 2014. There is no evidence to suggest that the administrative reporting violations were connected to any financial misconduct." Get free access to your research report on MFC at:
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