Shares of Genworth Financial Inc (NYSE:GNW) reached a new 52-week low on Wednesday . The stock traded as low as $3.10 and last traded at $3.23, with a volume of 6298100 shares. The stock had previously closed at $3.11.
Several analysts have recently weighed in on GNW shares. Off Wall Street started coverage on Genworth Financial in a report on Monday, September 11th. They set a “buy” rating on the stock. Zacks Investment Research cut Genworth Financial from a “hold” rating to a “strong sell” rating in a report on Monday, November 6th. Wells Fargo & Co reiterated a “hold” rating and issued a $3.75 target price on shares of Genworth Financial in a report on Friday, November 3rd. BTIG Research reiterated a “neutral” rating on shares of Genworth Financial in a report on Saturday, September 16th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $4.00 target price on shares of Genworth Financial in a report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Genworth Financial has a consensus rating of “Hold” and an average target price of $3.92.
The company has a market cap of $1,540.00, a price-to-earnings ratio of 4.55, a P/E/G ratio of 0.78 and a beta of 2.81. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.28.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bayesian Capital Management LP bought a new position in shares of Genworth Financial during the 2nd quarter worth $126,000. Shelton Capital Management purchased a new stake in Genworth Financial during the 2nd quarter worth about $140,000. Fondren Management LP purchased a new stake in Genworth Financial during the 2nd quarter worth about $189,000. Lazard Asset Management LLC purchased a new stake in shares of Genworth Financial in the 2nd quarter valued at about $222,000. Finally, Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Genworth Financial by 4.1% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 65,664 shares of the financial services provider’s stock valued at $248,000 after acquiring an additional 2,593 shares in the last quarter. 66.70% of the stock is owned by institutional investors and hedge funds.
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Genworth Financial Company Profile
Genworth Financial, Inc (Genworth) is a financial security company. The Company provides insurance, wealth management, investment and financial solutions. As of December 31, 2011, the Company had more than 15 million customers, with a presence in more than 25 countries. The Company operates in Insurance, Mortgage Insurance and Corporate and Runoff.
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