Genworth Financial (GNW) Stock Rating Lowered by ValuEngine

ValuEngine downgraded shares of Genworth Financial (NYSE:GNW) from a hold rating to a sell rating in a research note released on Monday morning, ValuEngine reports.

Separately, Zacks Investment Research lowered Genworth Financial from a buy rating to a hold rating in a research report on Tuesday, March 5th.

GNW stock opened at $3.43 on Monday. 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 $1.68 billion, a P/E ratio of 9.53 and a beta of 1.49. Genworth Financial has a 12-month low of $3.19 and a 12-month high of $5.02.



Genworth Financial (NYSE:GNW) last posted its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.02). The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.13 billion. Genworth Financial had a net margin of 2.12% and a return on equity of 1.20%. The business’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.25 earnings per share. Sell-side analysts expect that Genworth Financial will post 0.98 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of GNW. SEI Investments Co bought a new position in shares of Genworth Financial in the 1st quarter worth about $45,000. Coldstream Capital Management Inc. bought a new position in shares of Genworth Financial in the 4th quarter worth about $50,000. Heritage Wealth Advisors raised its position in shares of Genworth Financial by 61.0% in the 1st quarter. Heritage Wealth Advisors now owns 13,201 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 5,000 shares in the last quarter. Founders Capital Management raised its position 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 acquiring an additional 12,000 shares in the last quarter. Finally, Park National Corp OH raised its position in shares of Genworth Financial by 25.0% in the 1st quarter. Park National Corp OH now owns 15,000 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 3,000 shares in the last quarter. 64.63% of the stock is currently owned by institutional investors and hedge funds.

About Genworth Financial

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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