Genworth Financial (NYSE:GNW) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen cut shares of Genworth Financial (NYSE:GNW) from a hold rating to a sell rating in a research note published on Saturday morning.

Separately, Weiss Ratings raised shares of Genworth Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 19th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $10.00.

Genworth Financial Stock Down 2.5%

Shares of NYSE GNW opened at $8.44 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.15. The firm has a market cap of $3.37 billion, a PE ratio of 15.92 and a beta of 1.01. The company’s fifty day simple moving average is $8.73 and its 200 day simple moving average is $8.69. Genworth Financial has a 12-month low of $5.99 and a 12-month high of $9.28.

Genworth Financial (NYSE:GNW) last announced its quarterly earnings data on Monday, February 23rd. The financial services provider reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.14). The company had revenue of $1.04 billion for the quarter. Genworth Financial had a net margin of 3.05% and a return on equity of 1.48%.

Hedge Funds Weigh In On Genworth Financial

Several institutional investors and hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors raised its stake in shares of Genworth Financial by 8.3% in the fourth quarter. Captrust Financial Advisors now owns 14,770 shares of the financial services provider’s stock valued at $133,000 after buying an additional 1,133 shares during the period. Truist Financial Corp raised its stake in Genworth Financial by 9.6% in the 4th quarter. Truist Financial Corp now owns 14,342 shares of the financial services provider’s stock valued at $130,000 after acquiring an additional 1,257 shares during the period. Arizona State Retirement System raised its stake in Genworth Financial by 1.0% in the 3rd quarter. Arizona State Retirement System now owns 122,642 shares of the financial services provider’s stock valued at $1,092,000 after acquiring an additional 1,271 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Genworth Financial by 12.7% during the third quarter. Smartleaf Asset Management LLC now owns 11,638 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 1,316 shares during the last quarter. Finally, Abel Hall LLC boosted its position in Genworth Financial by 11.9% during the fourth quarter. Abel Hall LLC now owns 12,672 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 1,348 shares during the period. 81.85% of the stock is owned by institutional investors.

About Genworth Financial

Genworth Financial (NYSE: GNW) is a leading financial security company offering a broad range of insurance products. Based in Richmond, Virginia, Genworth provides individuals and families with solutions designed to protect against long-term care expenses, secure life insurance needs and support homeownership through private mortgage insurance. With operations spanning the United States, Canada and Australia, the company serves both retail and institutional clients through a diversified portfolio of risk management services.

The company’s Private Mortgage Insurance (PMI) segment offers coverage to lenders and consumers in the US, Canada and Australia, enabling homebuyers to purchase properties with lower down payments.