Genworth Financial (GNW) Cut to Sell at ValuEngine

ValuEngine cut shares of Genworth Financial (NYSE:GNW) from a hold rating to a sell rating in a research note published on Monday morning, ValuEngine reports.

Separately, Zacks Investment Research cut shares of Genworth Financial from a buy rating to a hold rating in a research note on Tuesday, March 5th.

Shares of NYSE:GNW traded down $0.02 during trading on Monday, hitting $3.36. The company’s stock had a trading volume of 4,255 shares, compared to its average volume of 2,666,405. Genworth Financial has a 12 month low of $3.25 and a 12 month high of $5.02. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $1.70 billion, a PE ratio of 9.33 and a beta of 1.49.

Genworth Financial (NYSE:GNW) last issued its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.02). Genworth Financial had a return on equity of 1.20% and a net margin of 2.12%. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter last year, the company earned $0.25 EPS. Genworth Financial’s revenue for the quarter was up 4.2% on a year-over-year basis. Analysts expect that Genworth Financial will post 0.98 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GNW. SEI Investments Co bought a new stake in Genworth Financial during the 1st quarter worth approximately $45,000. Cleararc Capital Inc. bought a new stake in Genworth Financial during the 1st quarter worth approximately $49,000. Coldstream Capital Management Inc. bought a new stake in Genworth Financial during the 4th quarter worth approximately $50,000. Heritage Wealth Advisors raised its stake in Genworth Financial by 61.0% during the 1st quarter. Heritage Wealth Advisors now owns 13,201 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 5,000 shares during the period. Finally, Founders Capital Management raised its stake in Genworth Financial by 4,000.0% during the 4th quarter. Founders Capital Management now owns 12,300 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 12,000 shares during the period. Institutional investors own 64.63% of the company’s stock.

Genworth Financial Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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