Genworth Financial (NYSE:GNW) Sets New 1-Year High – Still a Buy?

Genworth Financial, Inc. (NYSE:GNW) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $7.90 and last traded at $7.90, with a volume of 53987 shares trading hands. The stock had previously closed at $7.81.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Genworth Financial from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th.

Genworth Financial Price Performance

The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.17. The stock has a market cap of $3.34 billion, a price-to-earnings ratio of 37.21 and a beta of 0.95. The company has a 50 day simple moving average of $7.04 and a 200-day simple moving average of $6.64.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Assenagon Asset Management S.A. lifted its holdings in shares of Genworth Financial by 138.3% during the second quarter. Assenagon Asset Management S.A. now owns 4,233,541 shares of the financial services provider’s stock valued at $25,571,000 after purchasing an additional 2,456,816 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its stake in Genworth Financial by 93.5% in the second quarter. D. E. Shaw & Co. Inc. now owns 4,052,621 shares of the financial services provider’s stock valued at $24,478,000 after acquiring an additional 1,958,632 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in Genworth Financial by 3,395.1% in the second quarter. Cubist Systematic Strategies LLC now owns 1,780,098 shares of the financial services provider’s stock worth $10,752,000 after purchasing an additional 1,729,167 shares in the last quarter. Repertoire Partners LP acquired a new position in shares of Genworth Financial during the 3rd quarter valued at about $6,850,000. Finally, Whitefort Capital Management LP lifted its stake in shares of Genworth Financial by 49.6% in the third quarter. Whitefort Capital Management LP now owns 2,986,960 shares of the financial services provider’s stock worth $20,461,000 after buying an additional 990,000 shares during the last quarter. Institutional investors own 81.85% of the company’s stock.

About Genworth Financial

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.