Why Genworth Financial's Stock Is Trading Higher Today

Genworth Financial, Inc. GNW shares are trading higher after the company announced the New York regulator has reapproved the proposed acquisition of control by Oceanwide for Genworth's New York-Domiciled insurance company.

Genworth Financial is a diversified insurance holding company that operates in mortgage insurance and long-term care insurance.

The company shares were trading up 25.38% at $3.73 on Tuesday. The stock has a 52-week high of $4.93 and a 52-week low of $2.87.