Genworth Mortgage Insurance Australia Limited

( ASX:GMA ) - Banks


Apartment Price Pressure Mounting

Further to our recent warnings about the risks to residential property prices, additional insight has been provided by the release of March quarter results from Genworth (ASX: GMA). Genworth is the largest (dominant) provider of mortgage insurance in Australia.

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Analyst Views

GMA – UBS rates the stock as Neutral

UPS re-visits assumptions after the September quarter update. The broker has supported the company’s proactive approach to returning capital but its Neutral rating continues to reflect the view that the stock is unlikely to outperform in a period of deteriorating delinquency trends.

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