Jefferies Cuts Price Target on J.G. Wentworth (JGW) to $1.25 Following 4Q

The J.G. Wentworth Company® Applauds New Consumer Protection Laws in Virginia for Structured Settlement Purchases

RADNOR, Pa.--(BUSINESS WIRE)-- The J.G. Wentworth Company® (J.G. Wentworth or the Company) (NYSE: JGW), a diversified consumer financial services company, today applauded new structured settlement purchase protections signed into law by Governor Terry McAuliffe.

The legislation (S.B. 621) is the latest example of state-based efforts to protect consumers who are seeking to sell part or all of their structured settlement payments. J.G. Wentworth took a leadership role through the National Association of Settlement Purchasers (NASP) to ensure passage of the bill, which sets tough new standards to protect consumers and introduces enhanced disclosure requirements to... More

The J.G. Wentworth Company® Reports Fourth Quarter and Full Year 2015 Results

Fourth Quarter Total Receivable Balances Purchased of $224.2 million & Closed Mortgage Loans of $490.3 million

Actions Implemented To Reduce Annual Operating Costs by $25 to $30 million

RADNOR, Pa.--(BUSINESS WIRE)-- The J.G. Wentworth Company® (J.G. Wentworth or the Company) (NYSE: JGW), a diversified financial services company, today reports financial results for the fourth quarter and full year 2015. Although we made significant advances in diversifying the company, the fourth quarter results were disappointing. We doubled our efforts to reduce costs and realign the Structured Settlements Payments business, while... More