Credit Suisse AG cut its holdings in shares of Genworth Financial Inc (NYSE:GNW) by 6.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,895,255 shares of the financial services provider’s stock after selling 210,358 shares during the period. Credit Suisse AG owned approximately 0.58% of Genworth Financial worth $12,074,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of GNW. Millennium Management LLC acquired a new stake in shares of Genworth Financial during the 1st quarter valued at about $111,000. Advisors Preferred LLC acquired a new stake in shares of Genworth Financial during the 2nd quarter valued at about $132,000. Laurion Capital Management LP acquired a new stake in shares of Genworth Financial during the 2nd quarter valued at about $154,000. Mint Tower Capital Management B.V. acquired a new stake in shares of Genworth Financial during the 2nd quarter valued at about $180,000. Finally, Strategic Wealth Advisors Group LLC purchased a new position in Genworth Financial in the 3rd quarter valued at about $240,000. Hedge funds and other institutional investors own 64.09% of the company’s stock.
A number of brokerages recently weighed in on GNW. ValuEngine lowered shares of Genworth Financial from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 1st. Zacks Investment Research reaffirmed a “buy” rating and issued a $4.75 price target on shares of Genworth Financial in a research note on Tuesday, November 13th. 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 company has a consensus rating of “Hold” and a consensus price target of $4.88.
Shares of Genworth Financial stock opened at $4.33 on Friday. The stock has a market capitalization of $2.28 billion, a P/E ratio of 3.12 and a beta of 2.01. Genworth Financial Inc has a twelve month low of $2.66 and a twelve month high of $4.93. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.28.
Genworth Financial (NYSE:GNW) last issued its quarterly earnings results on Wednesday, October 31st. The financial services provider reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.03. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.15 billion. Genworth Financial had a net margin of 9.89% and a return on equity of 5.35%. Genworth Financial’s quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the company posted $0.15 EPS. Sell-side analysts forecast that Genworth Financial Inc will post 1.17 EPS for the current year.
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About Genworth Financial
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.
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