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

Shares of Genworth Financial, Inc. (NYSE:GNW) 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.

Genworth Financial Stock Up 0.6 %

The company has a debt-to-equity ratio of 0.18, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a market cap of $2.97 billion, a PE ratio of 35.58 and a beta of 0.92. The business has a fifty day moving average of $6.23 and a 200-day moving average of $6.23.

Genworth Financial (NYSE:GNW) 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.