StockNews.com started coverage on shares of Genworth Financial (NYSE:GNW – Get 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:GNW – Get 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
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
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.
- Get a free copy of the StockNews.com research report on Genworth Financial (GNW)
- MarketBeat Week in Review – 3/13 – 3/17
- This Small Tech With Big Growth Prospects Is Nearing A Buy Point
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
Receive News & Ratings for Genworth Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genworth Financial and related companies with MarketBeat.com's FREE daily email newsletter.