Genworth Financial (NYSE:GNW) Rating Increased to Hold at Wall Street Zen

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

A number of other analysts have also recently commented on GNW. Weiss Ratings raised Genworth Financial from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Keefe, Bruyette & Woods reaffirmed a “moderate buy” rating and issued a $10.50 price target on shares of Genworth Financial in a research note on Thursday, March 26th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $10.50.

Genworth Financial Stock Performance

Shares of GNW stock opened at $9.14 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a market cap of $3.50 billion, a PE ratio of 17.57 and a beta of 0.89. The stock has a 50-day moving average of $8.49 and a 200-day moving average of $8.62. Genworth Financial has a one year low of $6.63 and a one year high of $9.45.

Genworth Financial (NYSE:GNW) last announced its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.10. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Genworth Financial had a return on equity of 1.73% and a net margin of 2.96%.

Hedge Funds Weigh In On Genworth Financial

A number of large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in Genworth Financial by 1.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 26,493,475 shares of the financial services provider’s stock worth $235,793,000 after acquiring an additional 270,062 shares during the last quarter. Nuveen LLC boosted its position in Genworth Financial by 2.3% during the 4th quarter. Nuveen LLC now owns 9,781,111 shares of the financial services provider’s stock worth $88,323,000 after acquiring an additional 223,279 shares during the last quarter. American Century Companies Inc. boosted its position in Genworth Financial by 7.9% during the 3rd quarter. American Century Companies Inc. now owns 9,567,534 shares of the financial services provider’s stock worth $85,151,000 after acquiring an additional 704,498 shares during the last quarter. Gendell Jeffrey L boosted its position in Genworth Financial by 168.0% during the 4th quarter. Gendell Jeffrey L now owns 6,485,888 shares of the financial services provider’s stock worth $58,568,000 after acquiring an additional 4,065,684 shares during the last quarter. Finally, Norges Bank acquired a new position in Genworth Financial during the 4th quarter worth approximately $45,912,000. Institutional investors and hedge funds own 81.85% of the company’s stock.

Genworth Financial Company Profile

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.