ValuEngine upgraded shares of Genworth Financial (NYSE:GNW) from a sell rating to a hold rating in a research report released on Friday.
Separately, Zacks Investment Research raised Genworth Financial from a hold rating to a buy rating and set a $5.25 price objective on the stock in a research report on Thursday, January 3rd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Genworth Financial presently has a consensus rating of Hold and an average price target of $5.13.
Shares of Genworth Financial stock opened at $4.61 on Friday. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 12.81 and a beta of 1.60. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.27. Genworth Financial has a 52 week low of $2.66 and a 52 week high of $5.02.
Hedge funds have recently modified their holdings of the business. Founders Capital Management lifted its holdings in shares of Genworth Financial by 4,000.0% in the 4th quarter. Founders Capital Management now owns 12,300 shares of the financial services provider’s stock worth $57,000 after buying an additional 12,000 shares during the period. Paulson Wealth Management Inc. purchased a new stake in shares of Genworth Financial in the 4th quarter worth $62,000. Standard Life Aberdeen plc purchased a new stake in shares of Genworth Financial in the 3rd quarter worth $74,000. Gamco Investors INC. ET AL lifted its holdings in shares of Genworth Financial by 29.2% in the 4th quarter. Gamco Investors INC. ET AL now owns 21,000 shares of the financial services provider’s stock worth $98,000 after buying an additional 4,750 shares during the period. Finally, Piedmont Investment Advisors Inc. purchased a new stake in shares of Genworth Financial in the 4th quarter worth $103,000. Institutional investors and hedge funds own 64.93% of the company’s stock.
Genworth Financial Company Profile
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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