Genworth Financial (NYSE:GNW) Upgraded by Wall Street Zen to “Hold” Rating

Genworth Financial (NYSE:GNW) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Friday.

GNW has been the topic of a number of other reports. Keefe, Bruyette & Woods boosted their target price on shares of Genworth Financial from $9.00 to $9.50 and gave the stock an “outperform” rating in a report on Wednesday, July 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Genworth Financial in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $9.50.

Genworth Financial Trading Up 0.7%

GNW opened at $8.97 on Friday. Genworth Financial has a fifty-two week low of $5.99 and a fifty-two week high of $9.15. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 19.92 and a beta of 0.99. The company’s 50 day moving average price is $8.54 and its two-hundred day moving average price is $7.61.

Genworth Financial (NYSE:GNW) last posted its earnings results on Wednesday, July 30th. The financial services provider reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.11. Genworth Financial had a net margin of 2.61% and a return on equity of 1.91%. The firm had revenue of $1.80 billion for the quarter.

Insider Activity

In related news, CEO Rohit Gupta sold 86,406 shares of the business’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $8.68, for a total transaction of $750,004.08. Following the transaction, the chief executive officer owned 794,630 shares in the company, valued at $6,897,388.40. The trade was a 9.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Xponance Inc. lifted its position in shares of Genworth Financial by 4.8% during the 1st quarter. Xponance Inc. now owns 32,525 shares of the financial services provider’s stock valued at $231,000 after acquiring an additional 1,493 shares during the period. Ethic Inc. lifted its position in shares of Genworth Financial by 15.1% during the 2nd quarter. Ethic Inc. now owns 14,045 shares of the financial services provider’s stock valued at $110,000 after acquiring an additional 1,847 shares during the period. GAMMA Investing LLC lifted its position in shares of Genworth Financial by 16.3% during the 3rd quarter. GAMMA Investing LLC now owns 13,683 shares of the financial services provider’s stock valued at $122,000 after acquiring an additional 1,913 shares during the period. Byrne Asset Management LLC lifted its position in shares of Genworth Financial by 69.5% during the 1st quarter. Byrne Asset Management LLC now owns 7,595 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 3,115 shares during the period. Finally, HighTower Advisors LLC lifted its position in shares of Genworth Financial by 20.0% during the 1st quarter. HighTower Advisors LLC now owns 21,111 shares of the financial services provider’s stock valued at $150,000 after acquiring an additional 3,521 shares during the period. Institutional investors and hedge funds own 81.85% of the company’s stock.

Genworth Financial Company Profile

Genworth Financial, Inc, together with its subsidiaries, provides mortgage and long-term care insurance products in the United States and internationally. It operates in three segments: Enact, Long-Term Care Insurance, and Life and Annuities. The Enact segment offers private mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans; and pool mortgage insurance products.