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.

Genworth Financial (NYSE:GNW) last released its earnings results on Tuesday, February 5th. The financial services provider reported ($0.58) EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.84). Genworth Financial had a return on equity of 1.23% and a net margin of 1.41%. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same period last year, the firm earned $0.65 EPS. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. As a group, research analysts predict that Genworth Financial Inc will post 1.02 earnings per share for the current fiscal year.

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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