Genworth Financial (NYSE:GNW) Upgraded at StockNews.com

StockNews.com upgraded shares of Genworth Financial (NYSE:GNW) from a hold rating to a buy rating in a report issued on Tuesday.

Genworth Financial Trading Down 0.8 %

NYSE:GNW opened at $7.28 on Tuesday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $3.11 billion, a PE ratio of 34.64 and a beta of 0.95. The firm’s 50 day moving average is $6.88 and its 200 day moving average is $6.57. Genworth Financial has a 12 month low of $5.67 and a 12 month high of $7.48.

Insider Buying and Selling

In other Genworth Financial news, CEO Thomas J. Mcinerney sold 150,000 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $6.88, for a total transaction of $1,032,000.00. Following the sale, the chief executive officer now owns 4,532,954 shares of the company’s stock, valued at $31,186,723.52. The trade was a 3.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Genworth Financial

Hedge funds and other institutional investors have recently bought and sold shares of the business. Headlands Technologies LLC bought a new stake in Genworth Financial during the 1st quarter valued at $25,000. EverSource Wealth Advisors LLC raised its holdings in Genworth Financial by 72.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,828 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 2,022 shares during the period. SageView Advisory Group LLC bought a new stake in Genworth Financial during the 1st quarter valued at $30,000. Harbor Capital Advisors Inc. purchased a new position in shares of Genworth Financial during the 3rd quarter valued at $30,000. Finally, GAMMA Investing LLC grew its position in shares of Genworth Financial by 34.0% during the 3rd quarter. GAMMA Investing LLC now owns 9,247 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 2,347 shares in the last quarter. Institutional investors own 81.85% of the company’s stock.

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.