Genworth Financial (NYSE:GNW) Hits New 52-Week High – What’s Next?

Shares of Genworth Financial, Inc. (NYSE:GNW) hit a new 52-week high on Monday . The stock traded as high as $7.25 and last traded at $7.25, with a volume of 766188 shares changing hands. The stock had previously closed at $7.07.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Genworth Financial from a “hold” rating to a “buy” rating in a research report on Tuesday.

Genworth Financial Price Performance

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 company’s fifty day moving average is $6.88 and its two-hundred day moving average is $6.57. The stock has a market cap of $3.13 billion, a price-to-earnings ratio of 34.90 and a beta of 0.95.

Insider Transactions at Genworth Financial

In related news, CEO Thomas J. Mcinerney sold 150,000 shares of the company’s stock in a transaction that occurred 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 directly owns 4,532,954 shares in the company, valued at approximately $31,186,723.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Genworth Financial

Institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets increased its holdings in shares of Genworth Financial by 89.5% in the third quarter. BNP Paribas Financial Markets now owns 199,290 shares of the financial services provider’s stock valued at $1,365,000 after purchasing an additional 94,130 shares during the period. FMR LLC grew its stake in shares of Genworth Financial by 18.7% during the 3rd quarter. FMR LLC now owns 5,675,896 shares of the financial services provider’s stock worth $38,880,000 after purchasing an additional 894,053 shares during the period. Hancock Whitney Corp lifted its stake in shares of Genworth Financial by 1.0% in the third quarter. Hancock Whitney Corp now owns 135,327 shares of the financial services provider’s stock valued at $927,000 after purchasing an additional 1,387 shares during the period. Daiwa Securities Group Inc. boosted its holdings in Genworth Financial by 44.1% during the third quarter. Daiwa Securities Group Inc. now owns 50,000 shares of the financial services provider’s stock worth $343,000 after buying an additional 15,300 shares in the last quarter. Finally, Algert Global LLC grew its position in Genworth Financial by 23.4% during the third quarter. Algert Global LLC now owns 731,705 shares of the financial services provider’s stock worth $5,012,000 after buying an additional 138,674 shares during the period. 81.85% of the stock is owned by hedge funds and other institutional investors.

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.