Genworth Financial (GNW) Shares Down 2.3%
Genworth Financial Inc (NYSE:GNW) dropped 2.3% on Thursday . The company traded as low as $3.69 and last traded at $3.80. Approximately 5,596,804 shares traded hands during trading, an increase of 25% from the average daily volume of 4,487,664 shares. The stock had previously closed at $3.89.
GNW has been the topic of a number of research analyst reports. ValuEngine lowered Genworth Financial from a “hold” rating to a “sell” rating in a research note on Monday, February 25th. Zacks Investment Research lowered Genworth Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $5.13.
The company has a quick ratio of 0.28, a current ratio of 0.27 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $2.15 billion, a P/E ratio of 10.56 and a beta of 1.60.
Institutional investors have recently added to or reduced their stakes in the stock. Coldstream Capital Management Inc. acquired a new position in Genworth Financial in the fourth quarter valued at approximately $50,000. Founders Capital Management lifted its holdings in Genworth Financial by 4,000.0% in the fourth quarter. Founders Capital Management now owns 12,300 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 12,000 shares during the period. Paulson Wealth Management Inc. acquired a new position in Genworth Financial in the fourth quarter valued at approximately $62,000. Standard Life Aberdeen plc acquired a new position in Genworth Financial in the third quarter valued at approximately $74,000. Finally, Stifel Financial Corp acquired a new position in Genworth Financial in the fourth quarter valued at approximately $92,000. 64.40% of the stock is owned by hedge funds and other institutional investors.
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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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