Oopps. it was Goldman Suks that dump the 8 million shares Oppenheimer dumped 13 million. But I just love the pumpers that tell us how Blackrock did their DD which is why they dumped 3 million. Pump away!
Genworth Financial Inc. has agreed to sell its Main Street building in Lynchburg as part of a non-binding deal with Pacific Life Insurance Company.
The sale would be part of an agreement in which Pacific Life would buy Genworth’s new business capabilities for term life insurance, its new business information-technology platform — dubbed “Genius” — and certain intellectual property related to term life insurance.
The agreement, signed Wednesday, does not involve Genworth’s in-force portfolio of existing term life policies. So Genworth would continue to provide service related to term life policies it’s already sold.
Genworth would sell the 700 Main Street building because it is an asset related to the sale of term life products, which Genworth no longer sells, spokeswoman Julie Westermann wrote in an email to The News & Advance.
A conservative blogger from Virginia, @ Bacon's Rebellion, (can't post link but you can find it) today has an interesting piece on Long Tern care insurance and their rising costs. Shows some increases of other companies.
Amazed that performance bonus of $1.2 million given to CEO for achieving 60% goal. I guess if Co. went BK they would have given him 100%
Hirzel Capital Management dumped 5,294,100 shares in the same 4th quarter.
Vanguard Group dumps 6,635,833 shares in the 4th quarter.
Why don't you tell us (like we can't look it up ourselves) of all of the institutions that are dumping shares like a hot potato. Last Q fewer shares held by institutions than the previous Q.
You are correct. Fidelity tells me this morning I only have 6 days left to make a decision but I haven't even got the packet from Genworth. What's the rush?