Genworth Financial (GNW) Trading Down 2.3%

Share on StockTwits

Shares of Genworth Financial Inc (NYSE:GNW) fell 2.3% during trading on Thursday . The stock traded as low as $3.69 and last traded at $3.80. 5,596,804 shares were traded during trading, an increase of 25% from the average session volume of 4,487,664 shares. The stock had previously closed at $3.89.

Several brokerages recently commented on GNW. Zacks Investment Research upgraded Genworth Financial from a “hold” rating to a “buy” rating and set a $5.25 price target for the company in a research report on Thursday, January 3rd. ValuEngine upgraded Genworth Financial from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $5.13.

The company has a debt-to-equity ratio of 0.28, a current ratio of 0.27 and a quick ratio of 0.28. The firm has a market cap of $2.15 billion, a PE ratio of 10.56 and a beta of 1.60.

Genworth Financial (NYSE:GNW) last issued its earnings results on Tuesday, February 5th. The financial services provider reported ($0.58) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.84). The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.11 billion. Genworth Financial had a net margin of 1.41% and a return on equity of 1.23%. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.65 earnings per share. On average, analysts forecast that Genworth Financial Inc will post 1.02 EPS for the current year.

A number of large investors have recently modified their holdings of the business. Geode Capital Management LLC grew its holdings in Genworth Financial by 8.9% in the 4th quarter. Geode Capital Management LLC now owns 5,324,141 shares of the financial services provider’s stock valued at $24,810,000 after buying an additional 432,946 shares in the last quarter. Norges Bank purchased a new stake in Genworth Financial in the 4th quarter valued at $32,764,000. Coldstream Capital Management Inc. purchased a new stake in Genworth Financial in the 4th quarter valued at $50,000. FMR LLC grew its holdings in Genworth Financial by 4.4% in the 4th quarter. FMR LLC now owns 16,101,788 shares of the financial services provider’s stock valued at $75,035,000 after buying an additional 680,311 shares in the last quarter. Finally, Litespeed Management L.L.C. grew its holdings in Genworth Financial by 236.1% in the 4th quarter. Litespeed Management L.L.C. now owns 2,189,931 shares of the financial services provider’s stock valued at $10,205,000 after buying an additional 1,538,300 shares in the last quarter. Institutional investors own 64.40% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This story was published by Ticker Report and is the sole property of of Ticker Report. If you are viewing this story on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this story can be accessed at https://www.tickerreport.com/banking-finance/4204829/genworth-financial-gnw-trading-down-2-3.html.

Genworth Financial Company Profile (NYSE:GNW)

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.

Read More: Closed-End Mutual Funds (CEFs)

Receive News & Ratings for Genworth Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genworth Financial and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Stock Analysts’ Downgrades for March, 19th
Stock Analysts’ Downgrades for March, 19th
Aceto  Stock Price Down 5.3%
Aceto Stock Price Down 5.3%
Pandacoin Price Tops $0.0001 on Major Exchanges
Pandacoin Price Tops $0.0001 on Major Exchanges
Gainer Reaches 24-Hour Trading Volume of $0.00
Gainer Reaches 24-Hour Trading Volume of $0.00
PoSW Coin 24 Hour Trading Volume Hits $3.00
PoSW Coin 24 Hour Trading Volume Hits $3.00
BitDice  24-Hour Volume Hits $7.00
BitDice 24-Hour Volume Hits $7.00


Leave a Reply

© 2006-2019 Ticker Report