Genworth Financial (NYSE:GNW) Stock Rating Lowered by StockNews.com

Genworth Financial (NYSE:GNW) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Wednesday.

Genworth Financial Trading Up 1.9 %

Shares of NYSE:GNW opened at $7.64 on Wednesday. The company has a market cap of $3.26 billion, a PE ratio of 35.67 and a beta of 0.95. The company’s 50 day moving average is $6.95 and its two-hundred day moving average is $6.61. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.17. Genworth Financial has a 52 week low of $5.67 and a 52 week high of $7.66.

Insider Buying and Selling

In other news, CEO Thomas J. Mcinerney sold 150,000 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $6.88, for a total transaction of $1,032,000.00. Following the completion of the sale, the chief executive officer now owns 4,532,954 shares in the company, valued at $31,186,723.52. This represents a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Genworth Financial

Several institutional investors have recently bought and sold shares of GNW. Barclays PLC boosted its holdings in shares of Genworth Financial by 291.2% in the third quarter. Barclays PLC now owns 744,853 shares of the financial services provider’s stock valued at $5,103,000 after acquiring an additional 554,462 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its position in Genworth Financial by 12.5% in the third quarter. Y Intercept Hong Kong Ltd now owns 117,351 shares of the financial services provider’s stock valued at $804,000 after purchasing an additional 13,042 shares during the period. XTX Topco Ltd boosted its holdings in Genworth Financial by 33.4% in the 3rd quarter. XTX Topco Ltd now owns 125,438 shares of the financial services provider’s stock valued at $859,000 after purchasing an additional 31,379 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new position in Genworth Financial during the 3rd quarter worth approximately $142,000. Finally, Whitefort Capital Management LP raised its stake in shares of Genworth Financial by 49.6% during the 3rd quarter. Whitefort Capital Management LP now owns 2,986,960 shares of the financial services provider’s stock worth $20,461,000 after buying an additional 990,000 shares in the last quarter. 81.85% of the stock is owned by institutional investors and hedge funds.

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.