Orlando, FL -- (SBWIRE) -- 09/27/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Walter Energy, Inc. (NYSE:WLT), Genworth Financial Inc(NYSE:GNW).
Walter Energy, Inc. (NYSE:WLT) shares increased 5.82% to $14.55. Research analysts at RBC Capital reduced their target price on shares of WLT from $18.00 to $16.00 in a report released on Sept. 23. The firm currently has a “sector perform” rating on the stock.
Additionally, the company on Sept. 19 announced that it has increased the size of its previously announced offering of $350 million aggregate principal amount of senior secured notes due 2019 to $450 million with a coupon of 9.500% per annum. Walter Energy will pay interest on the Notes on April 15 and October 15 of each year, beginning on April 15, 2014.
Are investors worried about the recent updates with WLT? Find out with a free trend analysis HERE
Genworth Financial Inc(NYSE:GNW)shares increased 2.04% to $12.99. GNW and its wholly owned subsidiary Genworth Holdings, Inc., on Sept. 26 announced the entrance into a credit agreement that provides Genworth Holdings, Inc. with a three-year $300 million, multicurrency revolving credit facility, with a $100 million sublimit for letters of credit. The proceeds of the loans may be used for working capital and general corporate purposes. The obligations under the credit agreement are unsecured and payment of Genworth Holdings, Inc.'s obligations is fully and unconditionally guaranteed by Genworth Financial, Inc.
Additionally, the company on Sept. 24 announced that it has begun filing for long term care insurance in force premium rate increases on certain Privileged Choice® and Classic Select® policies sold between 2003 and 2012. The premium rate increases requested will range between six and thirteen percent on more than $800 million in annualized in force premiums.
Is GNW going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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