Genworth Financial (NYSE:GNW) Given “Hold” Rating at BTIG Research

BTIG Research reiterated their hold rating on shares of Genworth Financial (NYSE:GNW) in a report issued on Sunday morning, TipRanks reports.

GNW opened at $2.20 on Friday. The business’s 50 day moving average is $2.89 and its 200-day moving average is $3.65. The stock has a market cap of $1.13 billion, a PE ratio of 10.48 and a beta of 1.23. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.19. Genworth Financial has a twelve month low of $1.87 and a twelve month high of $4.93.

Genworth Financial (NYSE:GNW) last released its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.18). The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.99 billion. Genworth Financial had a net margin of 1.28% and a return on equity of 2.51%. The business’s quarterly revenue was down 9.8% on a year-over-year basis. During the same period last year, the firm posted $0.19 EPS.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. US Bancorp DE increased its stake in shares of Genworth Financial by 199.0% during the first quarter. US Bancorp DE now owns 31,146 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 20,731 shares during the period. Northwestern Mutual Investment Management Company LLC increased its stake in shares of Genworth Financial by 21.6% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 174,788 shares of the financial services provider’s stock valued at $580,000 after acquiring an additional 31,031 shares during the period. ProShare Advisors LLC increased its stake in shares of Genworth Financial by 8.8% during the fourth quarter. ProShare Advisors LLC now owns 168,808 shares of the financial services provider’s stock valued at $743,000 after acquiring an additional 13,639 shares during the period. Legal & General Group Plc increased its stake in shares of Genworth Financial by 4.8% during the first quarter. Legal & General Group Plc now owns 1,346,871 shares of the financial services provider’s stock valued at $4,471,000 after acquiring an additional 61,239 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of Genworth Financial by 3.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 120,302 shares of the financial services provider’s stock valued at $399,000 after acquiring an additional 3,850 shares during the period. Institutional investors and hedge funds own 72.84% of the company’s stock.

Genworth Financial Company Profile

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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