On May 29, 2014, Genworth Financial Inc (NYSE:GNW), announced its detailed financial results of the Q1-2014 some time back. The results have improved dramatically year over year, depicting that the company has paddled on its growth rate, by a wide gamut! Genworth Financial Inc (NYSE:GNW) has posted net incomes of $184 million, that breaks down to an equivalent diluted earnings of $0.37 per share. Net income soared by $81 million from $103 million (equivalent: $0.21/share) in Q1-2013. Net Operating Income surged up from $151 million in Q1-2013 (equivalent to $0.30/diluted share) to $194 million (at $0.39/diluted share) in Q1-2014! Net losses suffered have dropped significantly to $10 million in Q1-2014 from a whopping $28 million year over year, in Q1-2013. Genworth Financial Inc (NYSE:GNW), net profit margin is 6.80% and weekly performance is 0.17%. On last trading day company shares ended up $17.31. Analysts mean target price for the company is $19.45. Genworth Financial Inc (NYSE:GNW), distance from 50-day simple moving average (SMA50) is -1.03%.
According to media reports released on Sunday, Dai-ichi Life Insurance is involved in talks to acquire Protective Life Corp. (NYSE:PL). Protective Life Corp. (NYSE:PL), advanced 11.87% in last trading session and ended the day on $58.51. PL, return on assets is 0.60%. Protective Life Corp. (NYSE:PL), quarterly performance is 14.66%.
According to an announcement made by Metlife Inc (NYSE:MET), they have started a consumer facing advertising campaign in order to support the MetLife Premier Client Group. Metlife Inc (NYSE:MET), shares moved up 1.69% in last trading session and was closed at $51.79, while trading in range of $51.02 – 51.95. Metlife Inc (NYSE:MET), year to date (YTD) performance is -2.71%.
Shares of Lincoln National Corporation (NYSE:LNC), have received a consensus rating of “Hold” from the twelve ratings firms that are currently covering the company, American Banking & Market News reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $51.83. Lincoln National Corporation (NYSE:LNC), ended the last trading day at $49.50. Company weekly volatility is calculated as 1.97% and price to cash ratio as 7.06. Lincoln National Corporation (NYSE:LNC), showed a negative weekly performance of 2.51%.
Investment analysts at Canaccord Genuity initiated coverage on shares of Manulife Financial Corporation (USA) (NYSE:MFC), in a note issued to investors on Monday. The firm set a “buy” rating and a C$22.00 price target on the stock. Canaccord Genuity’s price target points to a potential upside of 8.37% from the company’s current price. Manulife Financial Corporation (USA) (NYSE:MFC), net profit margin is 12.20% and weekly performance is 0.16%. On last trading day company shares ended up $18.47. Analysts mean target price for the company is $24.23. Manulife Financial Corporation (USA) (NYSE:MFC), distance from 50-day simple moving average (SMA50) is -1.34%.