Shares of Genworth Financial, Inc. (NYSE:GNW – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $6.93 and last traded at $6.91, with a volume of 1770079 shares traded. The stock had previously closed at $6.72.
Analysts Set New Price Targets
Separately, Keefe, Bruyette & Woods boosted their price objective on Genworth Financial from $6.50 to $7.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 10th.
Read Our Latest Analysis on GNW
Genworth Financial Stock Up 0.6 %
Genworth Financial (NYSE:GNW – Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $0.19 EPS for the quarter. The company had revenue of $1.86 billion during the quarter. Genworth Financial had a net margin of 1.24% and a negative return on equity of 0.21%.
Insider Activity at Genworth Financial
In related news, CEO Thomas J. Mcinerney sold 200,000 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $6.27, for a total value 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 SEC, which is available through this hyperlink. 1.80% of the stock is owned by insiders.
Institutional Investors Weigh In On Genworth Financial
Several hedge funds have recently added to or reduced their stakes in GNW. Headlands Technologies LLC purchased a new stake in Genworth Financial in the first quarter valued at $25,000. SageView Advisory Group LLC purchased a new stake in shares of Genworth Financial during the 1st quarter worth about $30,000. Activest Wealth Management purchased a new stake in shares of Genworth Financial during the 1st quarter worth about $31,000. Daiwa Securities Group Inc. purchased a new stake in shares of Genworth Financial during the 4th quarter worth about $33,000. Finally, GAMMA Investing LLC purchased a new stake in shares of Genworth Financial during the 4th quarter worth about $56,000. 81.85% of the stock is owned by hedge funds and other 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.
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