Genworth Financial (NYSE:GNW - Get Free Report) had its price objective hoisted by analysts at Keefe, Bruyette & Woods from $9.00 to $9.50 in a report issued on Wednesday,Benzinga reports. The firm presently has an "outperform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' target price indicates a potential upside of 30.23% from the company's current price.
Separately, Wall Street Zen downgraded Genworth Financial from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd.
Check Out Our Latest Stock Report on Genworth Financial
Genworth Financial Price Performance
Shares of GNW traded down $0.12 during trading hours on Wednesday, reaching $7.30. 4,875,951 shares of the stock traded hands, compared to its average volume of 4,651,419. The company has a market cap of $3.02 billion, a P/E ratio of 14.59 and a beta of 1.06. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.16. The company's 50-day moving average price is $7.26 and its two-hundred day moving average price is $7.02. Genworth Financial has a 52-week low of $5.99 and a 52-week high of $8.08.
Genworth Financial (NYSE:GNW - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.12 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.09). The business had revenue of $1.76 billion during the quarter. Genworth Financial had a net margin of 2.97% and a return on equity of 2.53%.
Institutional Trading of Genworth Financial
Several hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp bought a new stake in shares of Genworth Financial in the fourth quarter worth about $41,000. Byrne Asset Management LLC lifted its stake in shares of Genworth Financial by 69.5% in the 1st 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 last quarter. Blueshift Asset Management LLC purchased a new position in Genworth Financial during the first quarter worth $71,000. Abel Hall LLC bought a new position in Genworth Financial during the 1st quarter valued at about $71,000. Finally, Strs Ohio purchased a new stake in shares of Genworth Financial in the first quarter worth approximately $82,000. Hedge funds and other 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.
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