Genworth Financial, Inc. (NYSE:GNW – Get Free Report) EVP Melissa Hagerman sold 14,708 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $9.91, for a total transaction of $145,756.28. Following the completion of the sale, the executive vice president directly owned 192,539 shares of the company’s stock, valued at approximately $1,908,061.49. This trade represents a 7.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Genworth Financial Stock Performance
NYSE:GNW traded down $0.01 during trading hours on Tuesday, hitting $9.88. 2,294,347 shares of the company were exchanged, compared to its average volume of 3,171,395. Genworth Financial, Inc. has a 52-week low of $7.84 and a 52-week high of $10.28. The company’s 50 day moving average price is $9.67 and its 200-day moving average price is $9.02. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 19.01 and a beta of 0.87.
Genworth Financial (NYSE:GNW – Get Free Report) last released its earnings results on Wednesday, August 5th. The financial services provider reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. Genworth Financial had a return on equity of 1.06% and a net margin of 2.87%.The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.90 billion. As a group, research analysts forecast that Genworth Financial, Inc. will post 1.1 earnings per share for the current year.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on GNW
Institutional Trading of Genworth Financial
Several large investors have recently made changes to their positions in the company. HB Wealth Management LLC grew its holdings in shares of Genworth Financial by 8.8% during the second quarter. HB Wealth Management LLC now owns 13,482 shares of the financial services provider’s stock worth $128,000 after buying an additional 1,089 shares in the last quarter. Captrust Financial Advisors grew its stake in Genworth Financial by 8.3% during the 4th quarter. Captrust Financial Advisors now owns 14,770 shares of the financial services provider’s stock valued at $133,000 after acquiring an additional 1,133 shares in the last quarter. Truist Financial Corp raised its holdings in Genworth Financial by 9.6% in the 4th quarter. Truist Financial Corp now owns 14,342 shares of the financial services provider’s stock valued at $130,000 after acquiring an additional 1,257 shares during the last quarter. Abel Hall LLC lifted its stake in Genworth Financial by 11.9% in the 4th quarter. Abel Hall LLC now owns 12,672 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 1,348 shares in the last quarter. Finally, ProShare Advisors LLC boosted its holdings in shares of Genworth Financial by 1.8% during the 4th quarter. ProShare Advisors LLC now owns 78,983 shares of the financial services provider’s stock worth $713,000 after purchasing an additional 1,382 shares during the last quarter. 81.85% of the stock is currently owned by hedge funds and other institutional investors.
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.
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