Genworth Financial (NYSE:GNW) Reaches New 52-Week High - Still a Buy?

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

Analyst Ratings Changes

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

Genworth Financial Trading Up 1.0%

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 stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 15.61 and a beta of 1.03. The business has a fifty day simple moving average of $7.02 and a 200 day simple moving average of $6.98.

Genworth Financial (NYSE:GNW - Get Free Report) last announced its earnings results on Wednesday, April 30th. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.09). Genworth Financial had a net margin of 2.97% and a return on equity of 2.53%. The business had revenue of $1.76 billion during the quarter.

Institutional Trading of Genworth Financial

Institutional investors have recently bought and sold shares of the business. Voya Investment Management LLC raised its position in shares of Genworth Financial by 5.8% in the first quarter. Voya Investment Management LLC now owns 874,022 shares of the financial services provider's stock valued at $6,197,000 after buying an additional 47,832 shares in the last quarter. Strs Ohio bought a new position in Genworth Financial during the 1st quarter worth $82,000. Intech Investment Management LLC increased its stake 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 worth $3,034,000 after acquiring an additional 30,260 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in 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 valued at $8,396,000 after acquiring an additional 55,071 shares in the last quarter. Finally, Caxton Associates LLP acquired a new position in Genworth Financial in the 1st quarter valued at $3,990,000. 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.