Genworth Financial, Inc. (NYSE:GNW – Get Free Report) CEO Thomas Mcinerney sold 100,000 shares of Genworth Financial stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $10.53, for a total transaction of $1,053,000.00. Following the completion of the transaction, the chief executive officer directly owned 5,068,883 shares of the company’s stock, valued at $53,375,337.99. This trade represents a 1.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Genworth Financial Stock Up 0.9%
Shares of GNW traded up $0.10 on Tuesday, hitting $10.45. 4,846,468 shares of the stock traded hands, compared to its average volume of 3,191,608. Genworth Financial, Inc. has a one year low of $7.84 and a one year high of $10.69. The company has a market capitalization of $3.95 billion, a PE ratio of 20.09 and a beta of 0.85. The business has a 50 day simple moving average of $9.86 and a 200 day simple moving average of $9.10. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.29 and a current ratio of 0.29.
Genworth Financial (NYSE:GNW – Get Free Report) last issued its earnings results on Wednesday, August 5th. The financial services provider reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. Genworth Financial had a return on equity of 1.06% and a net margin of 2.87%.The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.90 billion. As a group, equities analysts forecast that Genworth Financial, Inc. will post 1.1 earnings per share for the current fiscal year.
Institutional Trading of Genworth Financial
Analyst Ratings Changes
Several equities analysts have issued reports on the stock. Keefe, Bruyette & Woods upgraded shares of Genworth Financial from a “moderate buy” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Weiss Ratings upgraded shares of Genworth Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, September 2nd. Wall Street Zen upgraded shares of Genworth Financial from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, Zacks Research upgraded Genworth Financial to a “hold” rating in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $12.00.
Read Our Latest Research Report on GNW
About Genworth Financial
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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