Genworth Financial, Inc. (NYSE:GNW - Get Free Report) EVP Melissa Hagerman sold 14,708 shares of Genworth Financial stock in a transaction on Monday, August 24th. The shares were sold at an average price of $9.91, for a total value of $145,756.28. Following the completion of the sale, the executive vice president directly owned 192,539 shares of the company's stock, valued at approximately $1,908,061.49. This represents a 7.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Genworth Financial Stock Performance
Genworth Financial stock opened at $9.88 on Wednesday. The firm has a market capitalization of $3.74 billion, a P/E ratio of 19.01 and a beta of 0.87. The stock has a fifty day moving average price of $9.69 and a 200 day moving average price of $9.03. Genworth Financial, Inc. has a 52 week low of $7.84 and a 52 week high of $10.28. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.15.
Genworth Financial (NYSE:GNW - Get Free Report) last released its earnings results on Wednesday, August 5th. The financial services provider reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. Genworth Financial had a return on equity of 1.06% and a net margin of 2.87%.The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.90 billion. Equities research analysts anticipate that Genworth Financial, Inc. will post 1.1 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on GNW. Wall Street Zen raised shares of Genworth Financial from a "sell" rating to a "hold" rating in a research report on Sunday, July 12th. Zacks Research raised shares of Genworth Financial to a "hold" rating in a research report on Wednesday, May 27th. Keefe, Bruyette & Woods raised shares of Genworth Financial from a "moderate buy" rating to a "strong-buy" rating in a research note on Tuesday, August 11th. Finally, Weiss Ratings lowered shares of Genworth Financial from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Genworth Financial currently has a consensus rating of "Moderate Buy" and an average target price of $12.00.
View Our Latest Stock Report on Genworth Financial
Institutional Investors Weigh In On Genworth Financial
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fifth Third Bancorp raised its position in Genworth Financial by 21,643.4% in the first quarter. Fifth Third Bancorp now owns 562,936 shares of the financial services provider's stock valued at $4,571,000 after purchasing an additional 560,347 shares during the period. Bank of America Corp DE boosted its position in shares of Genworth Financial by 133.2% in the first quarter. Bank of America Corp DE now owns 2,158,625 shares of the financial services provider's stock worth $17,528,000 after buying an additional 1,232,931 shares during the period. UBS Group AG grew its stake in shares of Genworth Financial by 621.2% in the fourth quarter. UBS Group AG now owns 3,598,588 shares of the financial services provider's stock valued at $32,495,000 after buying an additional 3,099,582 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Genworth Financial in the fourth quarter valued at about $1,360,000. Finally, SG Americas Securities LLC raised its holdings in shares of Genworth Financial by 173.7% during the 1st quarter. SG Americas Securities LLC now owns 1,188,288 shares of the financial services provider's stock valued at $9,649,000 after buying an additional 754,105 shares during the period. 81.85% of the stock is currently owned by institutional investors and hedge funds.
Genworth Financial Company Profile
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Get Free Report)
Genworth Financial (NYSE: GNW) is a leading financial security company offering a broad range of insurance products. Based in Richmond, Virginia, Genworth provides individuals and families with solutions designed to protect against long-term care expenses, secure life insurance needs and support homeownership through private mortgage insurance. With operations spanning the United States, Canada and Australia, the company serves both retail and institutional clients through a diversified portfolio of risk management services.
The company's Private Mortgage Insurance (PMI) segment offers coverage to lenders and consumers in the US, Canada and Australia, enabling homebuyers to purchase properties with lower down payments.
Further Reading
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