Genworth Financial (NYSE:GNW) Upgraded at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of Genworth Financial (NYSE:GNW) from a market perform rating to an outperform rating in a report issued on Wednesday, Marketbeat reports. They currently have $9.00 price target on the financial services provider’s stock, up from their previous price target of $8.50.

Separately, Wall Street Zen lowered shares of Genworth Financial from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd.

Genworth Financial Trading Up 13.5%

Shares of GNW stock opened at $7.76 on Wednesday. The company’s fifty day simple moving average is $6.88 and its two-hundred day simple moving average is $6.97. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.29 and a quick ratio of 0.29. Genworth Financial has a 1 year low of $5.95 and a 1 year high of $7.90. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 15.52 and a beta of 1.03.

Genworth Financial (NYSE:GNW) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.09). The firm had revenue of $1.76 billion for the quarter. Genworth Financial had a net margin of 2.97% and a return on equity of 2.53%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Voya Investment Management LLC grew its position in shares of Genworth Financial by 5.8% during the 1st quarter. Voya Investment Management LLC now owns 874,022 shares of the financial services provider’s stock valued at $6,197,000 after purchasing an additional 47,832 shares in the last quarter. Strs Ohio purchased a new position in Genworth Financial in the first quarter worth $82,000. Intech Investment Management LLC grew its position in Genworth Financial by 7.6% in the first quarter. Intech Investment Management LLC now owns 427,993 shares of the financial services provider’s stock worth $3,034,000 after acquiring an additional 30,260 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Genworth Financial by 4.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,184,144 shares of the financial services provider’s stock worth $8,396,000 after acquiring an additional 55,071 shares in the last quarter. Finally, Caxton Associates LLP purchased a new position in Genworth Financial in the first quarter worth $3,990,000. 81.85% of the stock is currently owned by hedge funds and other institutional investors.

About Genworth Financial

Genworth Financial, Inc, together with its subsidiaries, provides mortgage and long-term care insurance products in the United States and internationally. It operates in three segments: Enact, Long-Term Care Insurance, and Life and Annuities. The Enact segment offers private mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans; and pool mortgage insurance products.