Genworth Financial (NYSE:GNW) Sets New 1-Year High at $6.93

Genworth Financial, Inc. (NYSE:GNW)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $6.93 and last traded at $6.91, with a volume of 1770079 shares trading hands. The stock had previously closed at $6.72.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods boosted their target price on Genworth Financial from $6.50 to $7.00 and gave the company a “market perform” rating in a research note on Wednesday, April 10th.

Genworth Financial Trading Up 0.6 %

The company has a market cap of $2.97 billion, a P/E ratio of 35.58 and a beta of 0.92. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.18. The business has a 50 day moving average price of $6.23 and a 200-day moving average price of $6.23.

Genworth Financial (NYSE:GNW) last announced its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $0.19 earnings per share (EPS) for the quarter. Genworth Financial had a negative return on equity of 0.21% and a net margin of 1.24%. The company had revenue of $1.86 billion for the quarter.

Insider Buying and Selling

In related news, CEO Thomas J. Mcinerney sold 200,000 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $6.27, for a total transaction of $1,254,000.00. Following the transaction, the chief executive officer now directly owns 4,361,980 shares of the company’s stock, valued at approximately $27,349,614.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.80% of the stock is owned by insiders.

Institutional Trading of Genworth Financial

Institutional investors have recently modified their holdings of the stock. First Trust Direct Indexing L.P. raised its position in Genworth Financial by 9.9% in the first quarter. First Trust Direct Indexing L.P. now owns 19,670 shares of the financial services provider’s stock valued at $126,000 after purchasing an additional 1,780 shares during the last quarter. Covestor Ltd raised its position in Genworth Financial by 11.5% in the first quarter. Covestor Ltd now owns 18,131 shares of the financial services provider’s stock valued at $117,000 after purchasing an additional 1,868 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Genworth Financial by 10.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 21,640 shares of the financial services provider’s stock valued at $145,000 after purchasing an additional 2,000 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in Genworth Financial by 29.9% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 8,700 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 2,000 shares during the last quarter. Finally, RMR Wealth Builders raised its position in Genworth Financial by 20.2% in the second quarter. RMR Wealth Builders now owns 12,620 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 2,120 shares during the last quarter. 81.85% of the stock is currently owned by institutional investors.

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.