StockNews.com upgraded shares of Genworth Financial (NYSE:GNW – Free Report) from a hold rating to a buy rating in a research report sent to investors on Monday morning.
Genworth Financial Stock Performance
Shares of GNW opened at $6.99 on Monday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.17. The stock has a market cap of $3.06 billion, a P/E ratio of 36.79 and a beta of 0.94. The business’s 50 day moving average price is $6.84 and its 200-day moving average price is $6.47. Genworth Financial has a 52 week low of $5.32 and a 52 week high of $7.25.
Genworth Financial (NYSE:GNW – Get Free Report) last released its earnings results on Wednesday, July 31st. The financial services provider reported $0.28 EPS for the quarter, topping the consensus estimate of $0.19 by $0.09. Genworth Financial had a return on equity of 0.25% and a net margin of 0.43%. The business had revenue of $1.77 billion for the quarter. During the same period last year, the firm posted $0.29 earnings per share.
Insider Buying and Selling at Genworth Financial
Institutional Trading of Genworth Financial
Several institutional investors have recently added to or reduced their stakes in the business. Donald Smith & CO. Inc. lifted its holdings in shares of Genworth Financial by 14.5% during the first quarter. Donald Smith & CO. Inc. now owns 24,244,607 shares of the financial services provider’s stock valued at $155,893,000 after purchasing an additional 3,069,355 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Genworth Financial by 9.1% during the 2nd quarter. American Century Companies Inc. now owns 7,054,069 shares of the financial services provider’s stock valued at $42,607,000 after acquiring an additional 590,496 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Genworth Financial by 138.3% in the second quarter. Assenagon Asset Management S.A. now owns 4,233,541 shares of the financial services provider’s stock worth $25,571,000 after acquiring an additional 2,456,816 shares during the period. D. E. Shaw & Co. Inc. raised its holdings in shares of Genworth Financial by 93.5% during the second quarter. D. E. Shaw & Co. Inc. now owns 4,052,621 shares of the financial services provider’s stock valued at $24,478,000 after purchasing an additional 1,958,632 shares during the last quarter. Finally, Millennium Management LLC lifted its position in Genworth Financial by 51.5% during the second quarter. Millennium Management LLC now owns 2,778,921 shares of the financial services provider’s stock valued at $16,785,000 after purchasing an additional 944,677 shares during the period. 81.85% of the stock is currently owned by hedge funds and other institutional investors.
Genworth Financial Company Profile
Genworth Financial, Inc, together with its subsidiaries, provides mortgage and long-term care insurance products in the United States and internationally. It operates in three segments: Enact, Long-Term Care Insurance, and Life and Annuities. The Enact segment offers private mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans; and pool mortgage insurance products.
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