Genworth Financial (NYSE:GNW) Issues Earnings Results

by · The Markets Daily

Genworth Financial (NYSE:GNW – Get Free Report) released its earnings results on Monday. The financial services provider reported $0.02 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.14), FiscalAI reports. Genworth Financial had a return on equity of 1.56% and a net margin of 3.01%.The company had revenue of $1.04 billion during the quarter.

Genworth Financial Stock Performance

GNW traded down $0.47 during midday trading on Monday, hitting $8.31. 4,754,743 shares of the company traded hands, compared to its average volume of 3,789,614. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $3.32 billion, a PE ratio of 15.68 and a beta of 1.01. The company’s 50-day moving average is $8.78 and its 200 day moving average is $8.68. Genworth Financial has a 52 week low of $5.99 and a 52 week high of $9.28.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Captrust Financial Advisors boosted its position in Genworth Financial by 8.3% in the fourth quarter. Captrust Financial Advisors now owns 14,770 shares of the financial services provider’s stock worth $133,000 after purchasing an additional 1,133 shares during the last quarter. Abel Hall LLC raised its holdings in Genworth Financial by 11.9% in the 4th quarter. Abel Hall LLC now owns 12,672 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 1,348 shares during the period. Mackenzie Financial Corp lifted its position in shares of Genworth Financial by 1.8% during the 3rd quarter. Mackenzie Financial Corp now owns 88,379 shares of the financial services provider’s stock valued at $787,000 after buying an additional 1,523 shares in the last quarter. Seven Mile Advisory lifted its position in shares of Genworth Financial by 19.1% during the 3rd quarter. Seven Mile Advisory now owns 11,926 shares of the financial services provider’s stock valued at $106,000 after buying an additional 1,910 shares in the last quarter. Finally, Prelude Capital Management LLC grew its stake in shares of Genworth Financial by 0.8% during the 3rd quarter. Prelude Capital Management LLC now owns 265,515 shares of the financial services provider’s stock valued at $2,363,000 after acquiring an additional 2,061 shares during the period. 81.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on GNW. Weiss Ratings raised Genworth Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Wall Street Zen raised shares of Genworth Financial from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $10.00.

View Our Latest Analysis on Genworth Financial

Genworth Financial Company Profile

(Get Free Report)

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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