The Genworth Financial (NYSE:GNW) Receives Daily Coverage Optimism Score of 0.31

Rufina Vignone
Agosto 3, 2017

Over the past week, Genworth Financial Inc (NYSE:GNW) shares have seen a price percentage change of -0.59.

Trading was heavy with 18,240K shares changing hands in the last trading session.

Large investors have recently made changes to their positions in the stock. As of the end of the quarter Schwab Charles Investment Management Inc had disposed of a total of 83,709 shares trimming its position 2.9%. State of New Jersey Common Pension Fund D now owns 4,300,000 shares of the financial services provider's stock valued at $17,716,000 after buying an additional 100,000 shares during the last quarter. Sigma Planning Corp boosted its stake in Genworth Financial by 8.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 174,906 shares of the financial services provider's stock valued at $721,000 after buying an additional 2,400 shares in the last quarter. Finally, Teachers Advisors LLC boosted its stake in Genworth Financial by 1.5% in the first quarter. Shah Capital Management now owns 5,747,517 shares of the financial services provider's stock valued at $23,679,000 after buying an additional 456,917 shares during the last quarter. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data.

The Firm has ATR of 0.13 that is explaining range of a day's trading is high-low; ATR expands it to yesterday's closing price. (GNW) now trades with a market capitalization of $1.69 Billion. To cut down amount of noise on price chart, shares of firm has 20 days moving average price of -3.00% from last close price of 3.38 and act as support or resistance of price limit. Genworth Financial has a 1-year low of $3.23 and a 1-year high of $5.27.

Currently Genworth Financial Inc (NYSE:GNW)'s shares owned by insiders are 0.1%, whereas shares owned by institutional owners are 69.4%. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.22 by $0.08, Briefing.com reports. Genworth Financial had a negative return on equity of 1.62% and a negative net margin of 1.66%. Eqis Capital Management Inc. raised its stake in shares of Genworth Financial by 49.9% in the first quarter. The firm's quarterly revenue was down.6% compared to the same quarter a year ago. Analysts predict that Genworth Financial will post $0.98 EPS for the current year. The value of the total investment in Genworth Financial Inc decreased from $854,000 to $793,000 decreasing 7.1% since the last quarter. If you are reading this article on another site, it was illegally copied and republished in violation of United States & worldwide trademark and copyright legislation. The legal version of this story can be accessed at https://www.chaffeybreeze.com/2017/08/03/thrivent-financial-for-lutherans-acquires-8880-shares-of-genworth-financial-inc-nysegnw-updated.html.

Several hedge funds have recently modified their holdings of GNW. BidaskClub upgraded Genworth Financial from a "sell" rating to a "hold" rating in a research note on Tuesday, June 13th.

Genworth Financial Inc had its "neutral" rating reiterated by analysts at BTIG Research.

08/03/2016 - Genworth Financial Inc had its "neutral" rating reiterated by analysts at Morgan Stanley. Zacks Investment Research downgraded shares of Genworth Financial from a "buy" rating to a "hold" rating in a report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company.

Genworth Financial Inc (NYSE:GNW) now has a value score of A. This score ranks stocks based on various valuation metrics.

01/08/2015 - Bank of America Merrill Lynch began new coverage on Genworth Financial Inc giving the company a "underweight" rating.

Genworth Financial, Inc. provides mortgage insurance products that allow people to purchase homes. Its book value per share for the most recent quarter is $25.7 while its price to book ratio for the same period is 0.13, as for as the company's cash per share for the most recent quarter is $6.03, however its price to cash per share ratio for the same period is 0.56.

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