Genworth Financial Inc (NYSE:GNW) saw an uptick in trading volume on Tuesday . 14,201,541 shares changed hands during trading, an increase of 299% from the previous session’s volume of 3,559,915 shares.The stock last traded at $4.46 and had previously closed at $3.85.
A number of brokerages recently commented on GNW. BTIG Research reaffirmed a “hold” rating on shares of Genworth Financial in a research report on Tuesday, July 2nd. ValuEngine downgraded Genworth Financial from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st.
The company has a debt-to-equity ratio of 0.26, a current ratio of 0.26 and a quick ratio of 0.26. The firm has a market capitalization of $2.14 billion, a P/E ratio of 12.39 and a beta of 1.72. The firm’s 50-day moving average is $3.86.
Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in Genworth Financial by 1.3% during the 2nd quarter. BlackRock Inc. now owns 59,020,359 shares of the financial services provider’s stock valued at $218,967,000 after purchasing an additional 748,979 shares during the period. KLS Diversified Asset Management LP purchased a new position in Genworth Financial during the 2nd quarter valued at about $742,000. Maso Capital Partners Ltd boosted its position in Genworth Financial by 10.1% during the 2nd quarter. Maso Capital Partners Ltd now owns 2,947,500 shares of the financial services provider’s stock valued at $10,935,000 after acquiring an additional 270,700 shares in the last quarter. Commonwealth Bank of Australia boosted its position in Genworth Financial by 0.9% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,608,300 shares of the financial services provider’s stock valued at $9,672,000 after acquiring an additional 21,986 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Genworth Financial by 1.7% during the 2nd quarter. Northern Trust Corp now owns 8,103,433 shares of the financial services provider’s stock valued at $30,064,000 after acquiring an additional 138,031 shares in the last quarter. 65.67% of the stock is owned by institutional investors and hedge funds.
Genworth Financial Company Profile (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.
Recommended Story: Risk Tolerance
Receive News & Ratings for Genworth Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genworth Financial and related companies with MarketBeat.com's FREE daily email newsletter.