Genworth Financial, Inc. (NYSE:GNW - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $8.01 and last traded at $7.98, with a volume of 726679 shares trading hands. The stock had previously closed at $7.83.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on GNW. Wall Street Zen downgraded shares of Genworth Financial from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Keefe, Bruyette & Woods upgraded shares of Genworth Financial from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $8.50 to $9.00 in a report on Wednesday, June 18th.
Get Our Latest Stock Report on Genworth Financial
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 company's fifty day simple moving average is $7.19 and its two-hundred day simple moving average is $7.00. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 15.53 and a beta of 1.06.
Genworth Financial (NYSE:GNW - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.09). Genworth Financial had a return on equity of 2.53% and a net margin of 2.97%. The business had revenue of $1.76 billion for the quarter.
Institutional Trading of Genworth Financial
Several institutional investors have recently made changes to their positions in the company. Jones Financial Companies Lllp bought a new position in Genworth Financial during the fourth quarter valued at about $41,000. Byrne Asset Management LLC grew its holdings in Genworth Financial by 69.5% during the first quarter. Byrne Asset Management LLC now owns 7,595 shares of the financial services provider's stock valued at $54,000 after purchasing an additional 3,115 shares during the period. Abel Hall LLC purchased a new position in shares of Genworth Financial during the 1st quarter valued at $71,000. Blueshift Asset Management LLC purchased a new stake in Genworth Financial during the first quarter valued at about $71,000. Finally, Smartleaf Asset Management LLC lifted its holdings in Genworth Financial by 279.5% during 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. Institutional investors own 81.85% of the company's stock.
Genworth Financial Company Profile
(
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.
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