Genworth Financial (GNW) Reaches New 52-Week Low at $3.01
Genworth Financial Inc (NYSE:GNW) reached a new 52-week low during trading on Friday . The stock traded as low as $3.01 and last traded at $3.01, with a volume of 43060 shares. The stock had previously closed at $3.08.
Several equities research analysts have recently commented on the company. ValuEngine upgraded Genworth Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. Zacks Investment Research cut Genworth Financial from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 2nd.
The stock has a market capitalization of $1.55 billion, a PE ratio of 8.80 and a beta of 1.49. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.27.
A number of large investors have recently added to or reduced their stakes in GNW. SEI Investments Co purchased a new position in Genworth Financial in the first quarter worth $45,000. Cleararc Capital Inc. purchased a new position in Genworth Financial in the first quarter worth $49,000. Coldstream Capital Management Inc. purchased a new position in Genworth Financial in the fourth quarter worth $50,000. Heritage Wealth Advisors raised its position in Genworth Financial by 61.0% in the first quarter. Heritage Wealth Advisors now owns 13,201 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Park National Corp OH raised its position in Genworth Financial by 25.0% in the first quarter. Park National Corp OH now owns 15,000 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 3,000 shares in the last quarter. Hedge funds and other institutional investors own 65.83% of the company’s stock.
About Genworth Financial (NYSE:GNW)
Genworth Financial, Inc provides insurance and homeownership solutions in the United States and internationally. It operates through five segments: U.S. Mortgage Insurance, Canada Mortgage Insurance, Australia Mortgage Insurance, U.S. Life Insurance, and Runoff. The U.S. Mortgage Insurance segment offers mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans.
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