Genworth Financial (NYSE:GNW) EVP Sells $145,756.28 in Stock

Genworth Financial, Inc. (NYSE:GNW) EVP Melissa Hagerman sold 14,708 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $9.91, for a total transaction of $145,756.28. Following the completion of the transaction, the executive vice president directly owned 192,539 shares of the company’s stock, valued at $1,908,061.49. This represents a 7.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Genworth Financial Stock Performance

NYSE GNW opened at $9.95 on Friday. The firm has a market capitalization of $3.76 billion, a P/E ratio of 19.13 and a beta of 0.87. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.15. The firm’s fifty day moving average price is $9.73 and its two-hundred day moving average price is $9.04. Genworth Financial, Inc. has a 1 year low of $7.84 and a 1 year high of $10.28.

Genworth Financial (NYSE:GNW) last announced its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.90 billion. Genworth Financial had a net margin of 2.87% and a return on equity of 1.06%. As a group, research analysts anticipate that Genworth Financial, Inc. will post 1.1 EPS for the current year.

Analyst Ratings Changes

Several analysts have issued reports on GNW shares. Weiss Ratings lowered Genworth Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 19th. Wall Street Zen upgraded Genworth Financial from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. Keefe, Bruyette & Woods raised Genworth Financial from a “moderate buy” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Finally, Zacks Research upgraded Genworth Financial to a “hold” rating in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Genworth Financial has an average rating of “Moderate Buy” and a consensus price target of $12.00.

Institutional Trading of Genworth Financial

Several hedge funds and other institutional investors have recently modified their holdings of GNW. Headlands Technologies LLC bought a new position in Genworth Financial in the 2nd quarter valued at about $44,000. Larson Financial Group LLC boosted its holdings in shares of Genworth Financial by 12,597.7% during the third quarter. Larson Financial Group LLC now owns 5,587 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 5,543 shares during the period. Atlas Wealth LLC bought a new stake in shares of Genworth Financial during the first quarter worth approximately $51,000. Danske Bank A S acquired a new position in shares of Genworth Financial in the third quarter valued at approximately $60,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Genworth Financial by 140.3% in the second quarter. EverSource Wealth Advisors LLC now owns 8,063 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 4,708 shares during the last quarter. Institutional investors own 81.85% of the company’s stock.

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.