Genworth Financial (NYSE:GNW) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Genworth Financial (NYSE:GNW) from a sell rating to a hold rating in a report released on Friday morning.

Several other research firms also recently commented on GNW. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Genworth Financial in a research note on Saturday, September 27th. Keefe, Bruyette & Woods increased their target price on Genworth Financial from $9.00 to $9.50 and gave the stock an “outperform” rating in a research report on Wednesday, July 9th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.50.

Genworth Financial Stock Up 0.7%

NYSE GNW opened at $8.97 on Friday. The stock’s 50-day moving average price is $8.54 and its 200-day moving average price is $7.61. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.16. Genworth Financial has a 52 week low of $5.99 and a 52 week high of $9.15. The company has a market capitalization of $3.68 billion, a P/E ratio of 19.92 and a beta of 0.99.

Genworth Financial (NYSE:GNW) last posted its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.16 EPS for the quarter, topping the consensus estimate of $0.05 by $0.11. Genworth Financial had a return on equity of 1.91% and a net margin of 2.61%.The firm had revenue of $1.80 billion for the quarter.

Insiders Place Their Bets

In other Genworth Financial news, CEO Rohit Gupta sold 86,406 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $8.68, for a total transaction of $750,004.08. Following the completion of the transaction, the chief executive officer owned 794,630 shares in the company, valued at $6,897,388.40. This trade represents a 9.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Genworth Financial

Several institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in Genworth Financial by 16.3% during the 3rd quarter. GAMMA Investing LLC now owns 13,683 shares of the financial services provider’s stock valued at $122,000 after buying an additional 1,913 shares in the last quarter. Squarepoint Ops LLC grew its holdings in Genworth Financial by 50.9% during the 2nd quarter. Squarepoint Ops LLC now owns 180,283 shares of the financial services provider’s stock valued at $1,403,000 after buying an additional 60,787 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in Genworth Financial by 20.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 377,063 shares of the financial services provider’s stock valued at $2,934,000 after buying an additional 63,400 shares in the last quarter. State of Wyoming lifted its stake in shares of Genworth Financial by 326.2% in the 2nd quarter. State of Wyoming now owns 34,583 shares of the financial services provider’s stock valued at $269,000 after purchasing an additional 26,469 shares during the last quarter. Finally, Hudson Bay Capital Management LP bought a new stake in shares of Genworth Financial in the 2nd quarter valued at approximately $5,616,000. Hedge funds and other institutional investors own 81.85% of the company’s stock.

Genworth Financial Company Profile

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.