Genworth Financial (NYSE:GNW) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Genworth Financial, Inc. (NYSE:GNW)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.68 and traded as high as $9.28. Genworth Financial shares last traded at $9.0750, with a volume of 2,544,135 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Genworth Financial from $10.50 to $11.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Wall Street Zen lowered shares of Genworth Financial from a “hold” rating to a “sell” rating in a research report on Sunday, May 17th. Finally, Weiss Ratings raised shares of Genworth Financial from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Genworth Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.00.

Genworth Financial Stock Performance

The stock’s fifty day moving average is $8.66 and its two-hundred day moving average is $8.68. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 17.45 and a beta of 0.89. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.29 and a current ratio of 0.29.

Genworth Financial (NYSE:GNW) last released its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.10. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.72 billion. Genworth Financial had a net margin of 2.96% and a return on equity of 1.73%.

Institutional Investors Weigh In On Genworth Financial

A number of large investors have recently added to or reduced their stakes in GNW. Bessemer Group Inc. grew its holdings in Genworth Financial by 60.6% during the 3rd quarter. Bessemer Group Inc. now owns 3,830 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 1,445 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Genworth Financial during the 2nd quarter valued at $44,000. Larson Financial Group LLC grew its holdings in Genworth Financial by 12,597.7% during the 3rd quarter. Larson Financial Group LLC now owns 5,587 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 5,543 shares in the last quarter. Atlas Wealth LLC acquired a new stake in Genworth Financial during the 1st quarter valued at $51,000. Finally, Danske Bank A S acquired a new position in Genworth Financial during the 3rd quarter worth $60,000. 81.85% of the stock is owned by institutional investors and hedge funds.

Genworth Financial Company Profile

Genworth Financial (NYSE: GNW) is a leading financial security company offering a broad range of insurance products. Based in Richmond, Virginia, Genworth provides individuals and families with solutions designed to protect against long-term care expenses, secure life insurance needs and support homeownership through private mortgage insurance. With operations spanning the United States, Canada and Australia, the company serves both retail and institutional clients through a diversified portfolio of risk management services.

The company’s Private Mortgage Insurance (PMI) segment offers coverage to lenders and consumers in the US, Canada and Australia, enabling homebuyers to purchase properties with lower down payments.