Genworth Financial, Inc. (NYSE:GNW - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $8.74 and last traded at $8.68, with a volume of 3702001 shares changing hands. The stock had previously closed at $8.61.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on GNW. Wall Street Zen upgraded shares of Genworth Financial from a "sell" rating to a "hold" rating in a report on Saturday. Keefe, Bruyette & Woods raised their price target on shares of Genworth Financial from $9.00 to $9.50 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $9.50.
Get Our Latest Stock Analysis on Genworth Financial
Genworth Financial Trading Down 0.1%
The stock has a market cap of $3.52 billion, a P/E ratio of 19.06 and a beta of 1.12. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.29 and a current ratio of 0.29. The firm's fifty day simple moving average is $7.97 and its 200-day simple moving average is $7.26.
Genworth Financial (NYSE:GNW - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.16 EPS for the quarter, topping the consensus estimate of $0.05 by $0.11. The company had revenue of $1.80 billion during the quarter. Genworth Financial had a net margin of 2.61% and a return on equity of 1.91%.
Insider Buying and Selling
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 shares were sold at an average price of $8.68, for a total transaction of $750,004.08. Following the completion of the sale, the chief executive officer owned 794,630 shares in the company, valued at approximately $6,897,388.40. The trade was a 9.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.80% of the company's stock.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the stock. Headlands Technologies LLC bought a new stake in shares of Genworth Financial during the 2nd quarter worth $44,000. Byrne Asset Management LLC raised its stake in shares of Genworth Financial by 69.5% during the 1st quarter. Byrne Asset Management LLC now owns 7,595 shares of the financial services provider's stock worth $54,000 after purchasing an additional 3,115 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Genworth Financial by 140.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,063 shares of the financial services provider's stock worth $63,000 after purchasing an additional 4,708 shares during the period. Abel Hall LLC bought a new stake in shares of Genworth Financial during the 1st quarter worth $71,000. Finally, Blueshift Asset Management LLC bought a new stake in shares of Genworth Financial during the 1st quarter worth $71,000. Institutional investors own 81.85% of the company's stock.
About Genworth Financial
(
Get Free Report)
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.
Featured Articles
Before you consider Genworth Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Genworth Financial wasn't on the list.
While Genworth Financial currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
