Genworth Financial (NYSE:GNW) Shares Pass Above Two Hundred Day Moving Average - What's Next?

Shares of Genworth Financial, Inc. (NYSE:GNW - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.61 and traded as high as $8.96. Genworth Financial shares last traded at $8.8550, with a volume of 1,762,320 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have weighed in on GNW. Wall Street Zen downgraded Genworth Financial from a "hold" rating to a "sell" rating in a report on Saturday, February 28th. Weiss Ratings downgraded Genworth Financial from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, March 5th. Finally, Keefe, Bruyette & Woods reaffirmed a "moderate buy" rating and issued a $10.50 target price on shares of Genworth Financial in a report on Thursday, March 26th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Genworth Financial currently has an average rating of "Moderate Buy" and an average target price of $10.50.

Genworth Financial Stock Down 0.3%

The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 16.71 and a beta of 1.00. The stock has a fifty day moving average of $8.46 and a two-hundred day moving average of $8.61. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.29 and a quick ratio of 0.29.

Genworth Financial (NYSE:GNW - Get Free Report) last posted its quarterly earnings data on Monday, February 23rd. The financial services provider reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.14). Genworth Financial had a net margin of 3.05% and a return on equity of 1.48%. The company had revenue of $1.04 billion during the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in GNW. Norges Bank acquired a new position in shares of Genworth Financial in the 4th quarter valued at about $45,912,000. Gendell Jeffrey L lifted its stake in shares of Genworth Financial by 168.0% in the 4th quarter. Gendell Jeffrey L now owns 6,485,888 shares of the financial services provider's stock valued at $58,568,000 after purchasing an additional 4,065,684 shares during the period. UBS Group AG lifted its stake in shares of Genworth Financial by 621.2% in the 4th quarter. UBS Group AG now owns 3,598,588 shares of the financial services provider's stock valued at $32,495,000 after purchasing an additional 3,099,582 shares during the period. Invesco Ltd. lifted its stake in shares of Genworth Financial by 41.0% in the 2nd quarter. Invesco Ltd. now owns 4,291,220 shares of the financial services provider's stock valued at $33,386,000 after purchasing an additional 1,248,374 shares during the period. Finally, SG Americas Securities LLC lifted its stake in shares of Genworth Financial by 173.7% in the 1st quarter. SG Americas Securities LLC now owns 1,188,288 shares of the financial services provider's stock valued at $9,649,000 after purchasing an additional 754,105 shares during the period. 81.85% of the stock is owned by institutional investors and hedge funds.

Genworth Financial Company Profile

Genworth Financial NYSE: GNW is a leading financial security company offering a broad range of insurance products. Based in Richmond, Virginia, Genworth provides individuals and families with solutions designed to protect against long-term care expenses, secure life insurance needs and support homeownership through private mortgage insurance. With operations spanning the United States, Canada and Australia, the company serves both retail and institutional clients through a diversified portfolio of risk management services.

The company's Private Mortgage Insurance (PMI) segment offers coverage to lenders and consumers in the US, Canada and Australia, enabling homebuyers to purchase properties with lower down payments.

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