Genworth Financial (NYSE:GNW) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Genworth Financial (NYSE:GNWGet Rating) in a research report released on Thursday. The brokerage issued a hold rating on the financial services provider’s stock.

Genworth Financial Stock Down 3.8 %

Shares of GNW opened at $4.84 on Thursday. The company has a 50-day simple moving average of $5.70 and a 200-day simple moving average of $4.94. The firm has a market capitalization of $2.39 billion, a P/E ratio of 4.07 and a beta of 1.06. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.28 and a current ratio of 0.28. Genworth Financial has a 52 week low of $3.43 and a 52 week high of $6.40.

Genworth Financial (NYSE:GNWGet Rating) last posted its quarterly earnings results on Monday, February 6th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.14. Genworth Financial had a net margin of 8.11% and a return on equity of 5.22%. The firm had revenue of $1.90 billion during the quarter. During the same period last year, the company earned $0.32 EPS.

Insider Buying and Selling

In related news, CFO Daniel J. Iv Sheehan sold 250,000 shares of the stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $6.06, for a total value of $1,515,000.00. Following the completion of the transaction, the chief financial officer now owns 1,132,023 shares of the company’s stock, valued at $6,860,059.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.99% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in GNW. BlackRock Inc. grew its stake in Genworth Financial by 1.7% during the first quarter. BlackRock Inc. now owns 74,167,167 shares of the financial services provider’s stock worth $280,352,000 after buying an additional 1,229,799 shares during the last quarter. Vanguard Group Inc. grew its stake in Genworth Financial by 2.3% during the first quarter. Vanguard Group Inc. now owns 56,637,689 shares of the financial services provider’s stock worth $214,089,000 after buying an additional 1,277,332 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Genworth Financial by 18.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 23,918,269 shares of the financial services provider’s stock worth $126,527,000 after buying an additional 3,763,764 shares during the last quarter. State Street Corp grew its stake in Genworth Financial by 1.7% during the second quarter. State Street Corp now owns 21,013,715 shares of the financial services provider’s stock worth $74,178,000 after buying an additional 353,849 shares during the last quarter. Finally, Donald Smith & CO. Inc. grew its stake in Genworth Financial by 6.5% during the third quarter. Donald Smith & CO. Inc. now owns 18,416,792 shares of the financial services provider’s stock worth $64,459,000 after buying an additional 1,129,777 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

About Genworth Financial

(Get Rating)

Genworth Financial, Inc is a financial services company, which engages in the provision of insurance, wealth management, investment and financial solutions. It operates through the following segments: U.S. Mortgage Insurance, Australia Mortgage Insurance, U.S. Life Insurance, and Runoff. The U.S. Mortgage Insurance segment offers mortgage insurance products predominantly insuring prime-based, individually underwritten residential mortgage loans.

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