Genworth Financial (GNW) Trading Down 6.4%
Genworth Financial Inc (NYSE:GNW) fell 6.4% on Thursday . The company traded as low as $4.17 and last traded at $4.26. 8,436,205 shares were traded during mid-day trading, an increase of 128% from the average session volume of 3,703,001 shares. The stock had previously closed at $4.55.
A number of research firms recently weighed in on GNW. Zacks Investment Research restated a “buy” rating and issued a $4.75 target price on shares of Genworth Financial in a report on Tuesday, November 13th. ValuEngine lowered shares of Genworth Financial from a “sell” rating to a “strong sell” rating in a report on Thursday, November 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $4.88.
The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $2.13 billion, a PE ratio of 3.12 and a beta of 2.01.
Hedge funds have recently modified their holdings of the business. Advisors Preferred LLC bought a new stake in Genworth Financial in the 2nd quarter worth about $132,000. Laurion Capital Management LP bought a new stake in Genworth Financial in the 2nd quarter worth about $154,000. Millennium Management LLC bought a new stake in Genworth Financial in the 1st quarter worth about $111,000. Mint Tower Capital Management B.V. bought a new stake in Genworth Financial in the 2nd quarter worth about $180,000. Finally, Kentucky Retirement Systems bought a new stake in Genworth Financial in the 3rd quarter worth about $634,000. 64.09% of the stock is owned by institutional investors and hedge funds.
Genworth Financial Company Profile (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.
Read More: Diversification
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