Genworth Financial (GNW) Stock Price Down 7.5%

Genworth Financial Inc (NYSE:GNW) shares dropped 7.5% on Monday . The stock traded as low as $3.25 and last traded at $3.33. Approximately 5,290,093 shares changed hands during trading, an increase of 43% from the average daily volume of 3,708,523 shares. The stock had previously closed at $3.60.

GNW has been the topic of several analyst reports. ValuEngine cut shares of Genworth Financial from a “hold” rating to a “sell” rating in a report on Monday, February 25th. Zacks Investment Research cut shares of Genworth Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th.

The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.27. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 9.25 and a beta of 1.49.



Genworth Financial (NYSE:GNW) last released its earnings results on Tuesday, April 30th. The financial services provider reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.02). The company had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Genworth Financial had a net margin of 2.12% and a return on equity of 1.20%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 earnings per share. As a group, analysts expect that Genworth Financial Inc will post 0.98 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northern Trust Corp boosted its stake in Genworth Financial by 0.8% in the first quarter. Northern Trust Corp now owns 7,965,402 shares of the financial services provider’s stock valued at $30,507,000 after acquiring an additional 59,426 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in Genworth Financial by 65.2% in the first quarter. Commonwealth Equity Services LLC now owns 84,291 shares of the financial services provider’s stock valued at $322,000 after acquiring an additional 33,263 shares during the last quarter. OppenheimerFunds Inc. boosted its stake in Genworth Financial by 31.1% in the first quarter. OppenheimerFunds Inc. now owns 565,259 shares of the financial services provider’s stock valued at $2,165,000 after acquiring an additional 134,109 shares during the last quarter. State of Wisconsin Investment Board boosted its stake in Genworth Financial by 16.4% in the first quarter. State of Wisconsin Investment Board now owns 888,900 shares of the financial services provider’s stock valued at $3,404,000 after acquiring an additional 125,000 shares during the last quarter. Finally, GAM Holding AG boosted its stake in Genworth Financial by 80.4% in the first quarter. GAM Holding AG now owns 388,081 shares of the financial services provider’s stock valued at $1,486,000 after acquiring an additional 172,964 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

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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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