Genworth Financial (NYSE:GNW) Reaches New 1-Year High - Should You Buy?

Genworth Financial, Inc. (NYSE:GNW - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $7.92 and last traded at $7.89, with a volume of 6986825 shares changing hands. The stock had previously closed at $7.77.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GNW. Keefe, Bruyette & Woods upgraded shares of Genworth Financial from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $8.50 to $9.00 in a research note on Wednesday, June 18th. Wall Street Zen lowered Genworth Financial from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd.

Genworth Financial Stock Performance

The company has a debt-to-equity ratio of 0.16, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a market capitalization of $3.27 billion, a PE ratio of 15.78 and a beta of 1.03. The stock has a 50 day moving average of $6.95 and a two-hundred day moving average of $6.96.

Genworth Financial (NYSE:GNW - Get Free Report) last posted its earnings results on Wednesday, April 30th. The financial services provider reported $0.12 EPS 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 2.53% and a net margin of 2.97%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp acquired a new position in Genworth Financial in the fourth quarter valued at $41,000. Byrne Asset Management LLC grew 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 in the last quarter. Blueshift Asset Management LLC purchased a new position in Genworth Financial in the first quarter valued at about $71,000. Abel Hall LLC purchased a new position in Genworth Financial in the first quarter valued at about $71,000. Finally, Smartleaf Asset Management LLC boosted its holdings in Genworth Financial by 279.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 10,494 shares of the financial services provider's stock valued at $73,000 after purchasing an additional 7,729 shares during the last quarter. 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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