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.
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.
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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.
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