Genworth Financial, Inc. (NYSE:GNW – Get Free Report) CEO Thomas Mcinerney sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $9.27, for a total value of $927,000.00. Following the sale, the chief executive officer owned 5,368,883 shares in the company, valued at approximately $49,769,545.41. This trade represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Genworth Financial Trading Down 1.9%
Shares of GNW stock opened at $8.85 on Thursday. Genworth Financial, Inc. has a 1 year low of $6.72 and a 1 year high of $9.45. 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’s 50 day simple moving average is $8.70 and its two-hundred day simple moving average is $8.68. The company has a market cap of $3.39 billion, a PE ratio of 17.03 and a beta of 0.89.
Genworth Financial (NYSE:GNW – Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.10. Genworth Financial had a return on equity of 1.73% and a net margin of 2.96%.The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.72 billion.
Institutional Investors Weigh In On Genworth Financial
Analyst Ratings Changes
A number of equities analysts recently commented on GNW shares. Keefe, Bruyette & Woods lifted their price target on shares of Genworth Financial from $10.50 to $11.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Weiss Ratings upgraded Genworth Financial from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. Finally, Wall Street Zen downgraded Genworth Financial from a “hold” rating to a “sell” rating in a report on Sunday, May 17th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $11.00.
View Our Latest Research Report on GNW
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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