Genworth Financial (NYSE:GNW) Upgraded at ValuEngine

ValuEngine upgraded shares of Genworth Financial (NYSE:GNW) from a sell rating to a hold rating in a report published on Tuesday, ValuEngine reports.

Separately, BTIG Research restated a hold rating on shares of Genworth Financial in a research report on Tuesday, July 2nd.

Shares of NYSE GNW opened at $4.31 on Tuesday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.26. The firm has a market cap of $2.17 billion, a P/E ratio of 11.97 and a beta of 1.72. Genworth Financial has a twelve month low of $2.89 and a twelve month high of $5.02. The company has a 50 day moving average of $3.89 and a 200 day moving average of $3.82.



Genworth Financial (NYSE:GNW) last issued its earnings results on Tuesday, July 30th. The financial services provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.15. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.12 billion. Genworth Financial had a net margin of 1.87% and a return on equity of 1.21%. Genworth Financial’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.40 EPS. As a group, equities analysts expect that Genworth Financial will post 1.12 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its position in Genworth Financial by 1.3% in the 2nd quarter. BlackRock Inc. now owns 59,020,359 shares of the financial services provider’s stock worth $218,967,000 after purchasing an additional 748,979 shares during the period. CNH Partners LLC raised its stake in shares of Genworth Financial by 13.6% during the first quarter. CNH Partners LLC now owns 11,462,117 shares of the financial services provider’s stock valued at $43,900,000 after acquiring an additional 1,371,039 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Genworth Financial by 1.7% in the second quarter. Northern Trust Corp now owns 8,103,433 shares of the financial services provider’s stock valued at $30,064,000 after purchasing an additional 138,031 shares during the period. Norges Bank purchased a new stake in shares of Genworth Financial in the fourth quarter valued at approximately $32,764,000. Finally, Shah Capital Management grew its stake in Genworth Financial by 3.5% in the second quarter. Shah Capital Management now owns 6,636,617 shares of the financial services provider’s stock worth $24,621,000 after purchasing an additional 226,700 shares in the last quarter. Hedge funds and other institutional investors own 65.67% 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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