Genworth Financial (GNW) Stock Price Down 7.5%

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.

Genworth Financial (NYSE:GNW) last announced its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). Genworth Financial had a net margin of 2.12% and a return on equity of 1.20%. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period last year, the business earned $0.25 EPS. The business’s revenue was up 4.2% on a year-over-year basis. On average, equities analysts anticipate that Genworth Financial Inc will post 0.98 earnings per share for the current year.

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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