Genworth Financial (NYSE:GNW) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Genworth Financial (NYSE:GNW) from a sell rating to a hold rating in a report issued on Friday.

Other equities research analysts have also recently issued reports about the company. Keefe, Bruyette & Woods increased their target price on Genworth Financial from $9.00 to $9.50 and gave the stock an “outperform” rating in a research note on Wednesday, July 9th. Weiss Ratings reissued 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 assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $9.50.

Genworth Financial Price Performance

Shares of GNW stock opened at $8.97 on Friday. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 19.92 and a beta of 0.99. The business’s fifty day moving average is $8.54 and its 200 day moving average is $7.61. Genworth Financial has a twelve month low of $5.99 and a twelve month high of $9.15. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.16.

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

Insider Activity

In other Genworth Financial news, CEO Rohit Gupta sold 86,406 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $8.68, for a total value of $750,004.08. Following the transaction, the chief executive officer owned 794,630 shares of the company’s stock, valued at approximately $6,897,388.40. This represents a 9.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in Genworth Financial by 16.3% in the third 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. Squarepoint Ops LLC lifted its holdings in Genworth Financial by 50.9% in the second quarter. Squarepoint Ops LLC now owns 180,283 shares of the financial services provider’s stock valued at $1,403,000 after acquiring an additional 60,787 shares during the period. Thrivent Financial for Lutherans lifted its holdings in Genworth Financial by 20.2% in the second quarter. Thrivent Financial for Lutherans now owns 377,063 shares of the financial services provider’s stock valued at $2,934,000 after acquiring an additional 63,400 shares during the period. State of Wyoming lifted its holdings in Genworth Financial by 326.2% in the second quarter. State of Wyoming now owns 34,583 shares of the financial services provider’s stock valued at $269,000 after acquiring an additional 26,469 shares during the period. Finally, Hudson Bay Capital Management LP bought a new position in Genworth Financial in the second quarter valued at about $5,616,000. Institutional investors 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.