Insider Selling: Genworth Financial VP Sells 8,000 Shares of Stock (GNW)
Genworth Financial (NYSE:GNW) VP Kelly Groh sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $14.00, for a total value of $112,000.00. Following the transaction, the vice president now directly owns 8,994 shares of the company’s stock, valued at approximately $125,916. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at UBS AG reiterated a “hold” rating on shares of Genworth Financial in a research note to investors on Monday. They now have a $13.00 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Genworth Financial from $13.00 to $14.50 in a research note to investors on Monday. They now have a “market perform” rating on the stock. Finally, analysts at BTIG Research upgraded shares of Genworth Financial from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, October 8th. They now have a $17.50 price target on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $13.33.
Shares of Genworth Financial (NYSE:GNW) traded down 0.18% on Wednesday, hitting $14.035. 5,192,489 shares of the company’s stock traded hands. Genworth Financial has a 52-week low of $5.07 and a 52-week high of $13.79. The stock’s 50-day moving average is $12.4 and its 200-day moving average is $11.1. The company has a market cap of $6.930 billion and a P/E ratio of 15.74.
Genworth Financial (NYSE:GNW) last released its earnings data on Tuesday, July 30th. The company reported $0.28 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.28. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter last year, the company posted $0.16 earnings per share. Genworth Financial’s revenue was down 1.3% compared to the same quarter last year. On average, analysts predict that Genworth Financial will post $1.11 earnings per share for the current fiscal year.
Genworth Financial, Inc (NYSE:GNW) is a financial security company.
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