Genworth Financial (NYSE:GNW) Downgraded to "Sell" Rating by Wall Street Zen

Genworth Financial (NYSE:GNW - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Thursday.

Separately, Keefe, Bruyette & Woods upped their price target on shares of Genworth Financial from $8.00 to $8.50 and gave the company a "market perform" rating in a research report on Tuesday, May 13th.

Genworth Financial Price Performance

Shares of NYSE GNW traded down $0.13 during midday trading on Thursday, reaching $6.84. 1,860,497 shares of the company were exchanged, compared to its average volume of 4,011,646. The stock's 50-day moving average price is $6.85 and its 200-day moving average price is $7.03. The stock has a market cap of $2.83 billion, a P/E ratio of 10.05 and a beta of 0.99. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.16. Genworth Financial has a one year low of $5.87 and a one year high of $7.90.

Genworth Financial (NYSE:GNW - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.09). The firm had revenue of $1.76 billion for the quarter. Genworth Financial had a return on equity of 2.96% and a net margin of 4.10%.

Institutional Investors Weigh In On Genworth Financial

A number of institutional investors have recently made changes to their positions in GNW. Intech Investment Management LLC increased its position in Genworth Financial by 7.6% during the 1st quarter. Intech Investment Management LLC now owns 427,993 shares of the financial services provider's stock valued at $3,034,000 after purchasing an additional 30,260 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Genworth Financial by 4.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,184,144 shares of the financial services provider's stock worth $8,396,000 after acquiring an additional 55,071 shares in the last quarter. Caxton Associates LLP acquired a new position in shares of Genworth Financial in the 1st quarter valued at about $3,990,000. Teza Capital Management LLC bought a new stake in shares of Genworth Financial during the 1st quarter valued at about $195,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Genworth Financial by 2.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 252,152 shares of the financial services provider's stock valued at $1,788,000 after purchasing an additional 7,106 shares in the last quarter. Institutional investors own 81.85% of the company's stock.

About Genworth Financial

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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