Genworth Financial Inc (NYSE:GNW) shares dropped 7.5% during trading on Monday . The company traded as low as $3.25 and last traded at $3.33. Approximately 5,290,093 shares changed hands during mid-day trading, an increase of 43% from the average daily volume of 3,708,523 shares. The stock had previously closed at $3.60.
GNW has been the subject of a number of analyst reports. ValuEngine raised shares of Genworth Financial from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. Zacks Investment Research downgraded shares of Genworth Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 5th.
The stock has a market cap of $1.68 billion, a P/E ratio of 9.39 and a beta of 1.49. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.27 and a current ratio of 0.27.
Institutional investors and hedge funds have recently made changes to their positions in the company. SEI Investments Co bought a new stake in shares of Genworth Financial during the 1st quarter worth about $45,000. Coldstream Capital Management Inc. bought a new stake in shares of Genworth Financial during the 4th quarter worth about $50,000. Heritage Wealth Advisors boosted its holdings in shares of Genworth Financial by 61.0% during the 1st quarter. Heritage Wealth Advisors now owns 13,201 shares of the financial services provider’s stock worth $51,000 after buying an additional 5,000 shares during the period. Park National Corp OH boosted its holdings in shares of Genworth Financial by 25.0% during the 1st quarter. Park National Corp OH now owns 15,000 shares of the financial services provider’s stock worth $57,000 after buying an additional 3,000 shares during the period. Finally, Paulson Wealth Management Inc. bought a new stake in shares of Genworth Financial during the 4th quarter worth about $62,000. 64.63% of the stock is owned by institutional investors.
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About Genworth Financial (NYSE:GNW)
Genworth Financial, Inc provides insurance and homeownership solutions in the United States and internationally. It operates through five segments: U.S. Mortgage Insurance, Canada Mortgage Insurance, Australia Mortgage Insurance, U.S. Life Insurance, and Runoff. The U.S. Mortgage Insurance segment offers mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans.
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