Genworth Financial (GNW) Sets New 1-Year Low at $3.01

Genworth Financial Inc (NYSE:GNW) reached a new 52-week low on Friday . The stock traded as low as $3.01 and last traded at $3.01, with a volume of 43060 shares traded. The stock had previously closed at $3.08.

Several equities research analysts have weighed in on GNW shares. ValuEngine upgraded Genworth Financial from a “sell” rating to a “hold” rating in a report on Friday, February 8th. Zacks Investment Research lowered Genworth Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 5th.

The stock has a market capitalization of $1.54 billion, a PE ratio of 8.47 and a beta of 1.49. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.27.

Genworth Financial (NYSE:GNW) last announced its earnings results on Tuesday, April 30th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the prior year, the company posted $0.25 EPS. The firm’s revenue was up 4.2% on a year-over-year basis. As a group, equities analysts anticipate that Genworth Financial Inc will post 0.98 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund increased its position in Genworth Financial by 1.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 198,012 shares of the financial services provider’s stock valued at $923,000 after buying an additional 2,733 shares in the last quarter. Park National Corp OH increased its holdings in shares of Genworth Financial by 25.0% in the 1st quarter. Park National Corp OH now owns 15,000 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 3,000 shares in the last quarter. United Services Automobile Association increased its holdings in shares of Genworth Financial by 3.1% in the 4th quarter. United Services Automobile Association now owns 110,652 shares of the financial services provider’s stock worth $516,000 after purchasing an additional 3,311 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Genworth Financial by 1.1% in the 4th quarter. Arizona State Retirement System now owns 359,412 shares of the financial services provider’s stock worth $1,675,000 after purchasing an additional 3,904 shares in the last quarter. Finally, Mason Street Advisors LLC increased its holdings in shares of Genworth Financial by 1.5% in the 1st quarter. Mason Street Advisors LLC now owns 266,288 shares of the financial services provider’s stock worth $1,020,000 after purchasing an additional 3,990 shares in the last quarter. 65.83% of the stock is owned by institutional investors.

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Genworth Financial Company Profile (NYSE:GNW)

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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