ValuEngine upgraded shares of Genworth Financial (NYSE:GNW) from a sell rating to a hold rating in a report issued on Tuesday, ValuEngine reports.
A number of other equities research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of GasLog Partners LP Unit from a hold rating to a strong sell rating in a research note on Tuesday, April 2nd. BTIG Research restated a hold rating on shares of Genworth Financial in a research note on Tuesday, July 2nd.
GNW opened at $3.96 on Tuesday. The firm has a 50 day moving average of $3.39. Genworth Financial has a 1-year low of $2.89 and a 1-year high of $5.02. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.27. The firm has a market cap of $1.96 billion, a P/E ratio of 11.00 and a beta of 1.78.
Genworth Financial (NYSE:GNW) last posted its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). Genworth Financial had a net margin of 2.12% and a return on equity of 1.20%. The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the previous year, the business posted $0.25 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities analysts predict that Genworth Financial will post 0.97 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of GNW. LPL Financial LLC raised its holdings in Genworth Financial by 98.5% in the 4th quarter. LPL Financial LLC now owns 75,899 shares of the financial services provider’s stock worth $354,000 after acquiring an additional 37,671 shares during the period. BlackRock Inc. increased its holdings in shares of Genworth Financial by 3.0% during the 4th quarter. BlackRock Inc. now owns 58,673,934 shares of the financial services provider’s stock worth $273,420,000 after purchasing an additional 1,689,769 shares during the period. Texas Permanent School Fund increased its holdings in shares of Genworth Financial by 4.0% during the 4th quarter. Texas Permanent School Fund now owns 327,690 shares of the financial services provider’s stock worth $1,527,000 after purchasing an additional 12,660 shares during the period. Northern Trust Corp increased its holdings in shares of Genworth Financial by 0.6% during the 4th quarter. Northern Trust Corp now owns 7,905,976 shares of the financial services provider’s stock worth $36,842,000 after purchasing an additional 45,472 shares during the period. Finally, Great West Life Assurance Co. Can increased its holdings in shares of Genworth Financial by 4.2% during the 4th quarter. Great West Life Assurance Co. Can now owns 301,837 shares of the financial services provider’s stock worth $1,306,000 after purchasing an additional 12,145 shares during the period. Institutional investors and hedge funds own 65.80% of the company’s stock.
Genworth Financial Company Profile
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.
Further Reading: Beta
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