Genworth Financial Inc (NYSE:GNW) shares saw an uptick in trading volume on Friday . 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.
Several research firms recently commented on GNW. Zacks Investment Research lowered Genworth Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. ValuEngine lowered Genworth Financial from a “hold” rating to a “sell” rating in a report on Monday, February 25th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $5.13.
The firm has a market capitalization of $2.00 billion, a P/E ratio of 11.11 and a beta of 1.51. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.27 and a quick ratio of 0.27.
Institutional investors have recently bought and sold shares of the stock. Gamco Investors INC. ET AL grew its holdings in Genworth Financial by 29.2% during the fourth quarter. Gamco Investors INC. ET AL now owns 21,000 shares of the financial services provider’s stock worth $98,000 after acquiring an additional 4,750 shares during the period. Vanguard Group Inc. grew its holdings in Genworth Financial by 1.6% in the third quarter. Vanguard Group Inc. now owns 45,142,707 shares of the financial services provider’s stock valued at $188,245,000 after purchasing an additional 709,172 shares during the period. GAM Holding AG grew its holdings in Genworth Financial by 3.3% in the fourth quarter. GAM Holding AG now owns 215,117 shares of the financial services provider’s stock valued at $990,000 after purchasing an additional 6,863 shares during the period. Gabelli Funds LLC grew its holdings in Genworth Financial by 22.1% in the fourth quarter. Gabelli Funds LLC now owns 255,593 shares of the financial services provider’s stock valued at $1,191,000 after purchasing an additional 46,243 shares during the period. Finally, Newport Trust Co grew its holdings in Genworth Financial by 1.0% in the fourth quarter. Newport Trust Co now owns 2,653,565 shares of the financial services provider’s stock valued at $12,366,000 after purchasing an additional 27,463 shares during the period. 63.54% of the stock is currently owned by hedge funds and other institutional investors.
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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.
See Also: Average Daily Trade Volume – ADTV
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