Genworth Financial (NYSE:GNW) Given "Hold (C+)" Rating at Weiss Ratings

Genworth Financial (NYSE:GNW - Get Free Report)'s stock had its "hold (c+)" rating reissued by investment analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Several other brokerages have also recently issued reports on GNW. Keefe, Bruyette & Woods lifted their target price on Genworth Financial from $9.00 to $9.50 and gave the company an "outperform" rating in a research report on Wednesday, July 9th. Wall Street Zen raised Genworth Financial from a "sell" rating to a "hold" rating in a research report on Friday, October 3rd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $9.50.

Genworth Financial Trading Down 0.2%

NYSE GNW opened at $8.75 on Wednesday. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 19.44 and a beta of 0.99. Genworth Financial has a 52 week low of $5.99 and a 52 week high of $9.15. The business has a 50 day moving average price of $8.59 and a 200-day moving average price of $7.64. 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 (NYSE:GNW - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.16 EPS for the quarter, beating the consensus estimate of $0.05 by $0.11. The firm had revenue of $1.80 billion during the quarter. Genworth Financial had a return on equity of 1.91% and a net margin of 2.61%.

Insiders Place Their Bets

In other Genworth Financial news, CEO Rohit Gupta sold 86,406 shares of the business's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $8.68, for a total value of $750,004.08. Following the transaction, the chief executive officer owned 794,630 shares of the company's stock, valued at approximately $6,897,388.40. The trade was a 9.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GNW. Headlands Technologies LLC purchased a new position in Genworth Financial in the second quarter worth $44,000. Byrne Asset Management LLC raised its stake in shares of Genworth Financial by 69.5% in the first quarter. Byrne Asset Management LLC now owns 7,595 shares of the financial services provider's stock valued at $54,000 after buying an additional 3,115 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Genworth Financial by 140.3% in the second quarter. EverSource Wealth Advisors LLC now owns 8,063 shares of the financial services provider's stock valued at $63,000 after buying an additional 4,708 shares during the period. Abel Hall LLC bought a new stake in shares of Genworth Financial in the first quarter valued at $71,000. Finally, Blueshift Asset Management LLC bought a new stake in shares of Genworth Financial in the first quarter valued at $71,000. Hedge funds and other institutional investors own 81.85% of the company's stock.

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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