Shares of Genworth Financial Inc (NYSE:GNW) saw unusually-strong trading volume on Friday . Approximately 13,631,239 shares changed hands during trading, an increase of 190% from the previous session’s volume of 4,692,624 shares.The stock last traded at $4.00 and had previously closed at $3.81.
A number of brokerages recently weighed in on GNW. ValuEngine downgraded Genworth Financial from a “hold” rating to a “sell” rating in a research report on Monday, February 25th. Zacks Investment Research downgraded Genworth Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $5.13.
The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 11.11 and a beta of 1.51. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.28.
Genworth Financial (NYSE:GNW) last issued its quarterly earnings data on Tuesday, February 5th. The financial services provider reported ($0.58) earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.84). Genworth Financial had a net margin of 1.41% and a return on equity of 1.23%. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same period in the previous year, the business earned $0.65 EPS. Genworth Financial’s revenue for the quarter was up 19.4% compared to the same quarter last year. On average, equities analysts predict that Genworth Financial Inc will post 1.02 earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of GNW. Coldstream Capital Management Inc. bought a new stake in Genworth Financial during the fourth quarter valued at about $50,000. Founders Capital Management raised its stake in Genworth Financial by 4,000.0% in the fourth quarter. Founders Capital Management now owns 12,300 shares of the financial services provider’s stock valued at $57,000 after buying an additional 12,000 shares during the last quarter. Paulson Wealth Management Inc. purchased a new stake in Genworth Financial in the fourth quarter valued at about $62,000. Standard Life Aberdeen plc purchased a new stake in Genworth Financial in the third quarter valued at about $74,000. Finally, Stifel Financial Corp purchased a new stake in Genworth Financial in the fourth quarter valued at about $92,000. 63.54% of the stock is currently owned by institutional investors.
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About Genworth Financial (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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