Genworth Financial Inc (NYSE:GNW) shares traded up 0.7% during trading on Thursday . The stock traded as high as $3.08 and last traded at $3.04. 1,977,539 shares were traded during mid-day trading, a decline of 53% from the average session volume of 4,199,071 shares. The stock had previously closed at $3.06.
Several research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Genworth Financial from a “hold” rating to a “buy” rating and set a $3.50 target price on the stock in a report on Wednesday, January 10th. BTIG Research reiterated a “hold” rating on shares of Genworth Financial in a report on Thursday, February 8th. Wells Fargo set a $3.00 target price on shares of Genworth Financial and gave the stock a “hold” rating in a report on Thursday, March 1st. ValuEngine downgraded shares of Genworth Financial from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. Finally, TheStreet upgraded shares of Genworth Financial from a “d+” rating to a “c” rating in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $3.50.
The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.28. The firm has a market cap of $1,527.54, a price-to-earnings ratio of 1.79, a PEG ratio of 0.68 and a beta of 2.56.
Large investors have recently bought and sold shares of the company. Webster Bank N. A. bought a new position in shares of Genworth Financial during the 4th quarter worth about $110,000. Xact Kapitalforvaltning AB bought a new position in shares of Genworth Financial during the 4th quarter worth about $162,000. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Genworth Financial by 52.1% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 55,077 shares of the financial services provider’s stock worth $171,000 after purchasing an additional 18,868 shares during the period. Commonwealth Equity Services Inc increased its holdings in shares of Genworth Financial by 54.2% during the 3rd quarter. Commonwealth Equity Services Inc now owns 73,215 shares of the financial services provider’s stock worth $281,000 after purchasing an additional 25,746 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Genworth Financial during the 3rd quarter worth about $325,000. Institutional investors own 67.10% of the company’s stock.
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Genworth Financial Company Profile
Genworth Financial, Inc (Genworth) is a financial security company. The Company provides insurance, wealth management, investment and financial solutions. As of December 31, 2011, the Company had more than 15 million customers, with a presence in more than 25 countries. The Company operates in Insurance, Mortgage Insurance and Corporate and Runoff.
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