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

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

Other analysts also recently issued research reports about the company. Weiss Ratings upgraded Genworth Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, November 10th. Keefe, Bruyette & Woods boosted their price target on Genworth Financial from $9.50 to $10.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Genworth Financial has a consensus rating of “Buy” and a consensus price target of $10.00.

Genworth Financial Stock Up 0.9%

GNW stock opened at $8.54 on Friday. The company has a market capitalization of $3.41 billion, a P/E ratio of 16.10 and a beta of 1.05. Genworth Financial has a 12 month low of $5.99 and a 12 month high of $9.15. The firm’s fifty day simple moving average is $8.67 and its 200-day simple moving average is $7.99. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.29 and a quick ratio of 0.29.

Genworth Financial (NYSE:GNW) last posted its earnings results on Wednesday, November 5th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Genworth Financial had a net margin of 3.01% and a return on equity of 1.56%. The business had revenue of $1.04 billion for the quarter.

Insiders Place Their Bets

In related news, CEO Rohit Gupta sold 86,406 shares of the company’s 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 completion of 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Cerity Partners LLC grew its stake in Genworth Financial by 136.3% in the 1st quarter. Cerity Partners LLC now owns 47,681 shares of the financial services provider’s stock valued at $338,000 after acquiring an additional 27,501 shares during the period. Xponance Inc. lifted its holdings in Genworth Financial by 4.8% during the first quarter. Xponance Inc. now owns 32,525 shares of the financial services provider’s stock valued at $231,000 after purchasing an additional 1,493 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Genworth Financial by 36.6% in the first quarter. Victory Capital Management Inc. now owns 770,725 shares of the financial services provider’s stock valued at $5,464,000 after purchasing an additional 206,485 shares during the period. Financial Harvest LLC purchased a new stake in shares of Genworth Financial during the first quarter worth about $1,283,000. Finally, Denali Advisors LLC increased its stake in shares of Genworth Financial by 2.7% during the first quarter. Denali Advisors LLC now owns 680,225 shares of the financial services provider’s stock worth $4,823,000 after purchasing an additional 17,725 shares in the last quarter. 81.85% of the stock is owned by institutional investors and hedge funds.

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.