Genworth Financial (NYSE:GNW) Stock Rating Lowered by Wall Street Zen

Genworth Financial (NYSE:GNW) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

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

Genworth Financial Stock Performance

GNW stock 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 business has a 50 day moving average of $8.73 and a 200-day moving average of $8.68. Genworth Financial has a 12-month low of $5.99 and a 12-month high of $9.28.

Genworth Financial (NYSE:GNW) last issued its quarterly earnings results on Monday, February 23rd. The financial services provider reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.14). Genworth Financial had a return on equity of 1.48% and a net margin of 3.05%.The business had revenue of $1.04 billion for the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Salomon & Ludwin LLC lifted its holdings in shares of Genworth Financial by 1,731.8% in the third quarter. Salomon & Ludwin LLC now owns 3,279 shares of the financial services provider’s stock worth $29,000 after buying an additional 3,100 shares in the last quarter. Bessemer Group Inc. increased its holdings in Genworth Financial by 60.6% during the 3rd quarter. Bessemer Group Inc. now owns 3,830 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 1,445 shares during the period. Larson Financial Group LLC lifted its stake in Genworth Financial by 12,597.7% in the 3rd quarter. Larson Financial Group LLC now owns 5,587 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 5,543 shares in the last quarter. Headlands Technologies LLC bought a new position in Genworth Financial in the 2nd quarter valued at $44,000. Finally, Danske Bank A S purchased a new position in shares of Genworth Financial during the 3rd quarter valued at $60,000. Institutional investors 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.