Shares of Genworth Financial (NYSE:GNW) dropped 0% on Friday . The company traded as low as $3.33 and last traded at $3.34. Approximately 4,076,492 shares were traded during mid-day trading, an increase of 11% from the average daily volume of 3,659,939 shares. The stock had previously closed at $3.34.
GNW has been the topic of a number of analyst reports. ValuEngine cut shares of Genworth Financial from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. Zacks Investment Research cut shares of Genworth Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Wells Fargo reaffirmed a “hold” rating on shares of Genworth Financial in a report on Wednesday, February 21st. BTIG Research reaffirmed a “hold” rating on shares of Genworth Financial in a report on Thursday, February 8th. Finally, TheStreet raised shares of Genworth Financial from a “d+” rating to a “c” rating in a report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $3.50.
The company has a market cap of $1.67 billion, a P/E ratio of 2.47, a PEG ratio of 0.73 and a beta of 2.39. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.31.
Genworth Financial (NYSE:GNW) last released its earnings results on Tuesday, May 1st. The financial services provider reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.01). The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.15 billion. Genworth Financial had a net margin of 9.39% and a return on equity of 4.50%. The firm’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.29 EPS. research analysts anticipate that Genworth Financial will post 0.92 earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in GNW. Zeke Capital Advisors LLC acquired a new position in Genworth Financial during the 1st quarter valued at about $105,000. Webster Bank N. A. acquired a new position in Genworth Financial during the 4th quarter valued at about $110,000. Millennium Management LLC acquired a new position in Genworth Financial during the 1st quarter valued at about $111,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Genworth Financial by 82.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,837 shares of the financial services provider’s stock worth $113,000 after purchasing an additional 18,036 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board grew its stake in shares of Genworth Financial by 78.1% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 51,416 shares of the financial services provider’s stock worth $146,000 after purchasing an additional 22,548 shares during the last quarter. 68.70% of the stock is currently owned by hedge funds and other institutional investors.
About Genworth Financial
Genworth Financial, Inc provides insurance and homeownership solutions in the United States and internationally. It operates through five segments: U.S. Mortgage Insurance, Canada Mortgage Insurance, Australia Mortgage Insurance, U.S. Life Insurance, and Runoff. The U.S. Mortgage Insurance segment offers mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans.
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