Genworth Financial (NYSE:GNW) Hits New 12-Month High – Should You Buy?

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

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Genworth Financial from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th.

Genworth Financial Stock Performance

The firm has a fifty day simple moving average of $6.86 and a 200 day simple moving average of $6.55. 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 stock has a market cap of $3.11 billion, a price-to-earnings ratio of 34.62 and a beta of 0.95.

Insider Buying and Selling

In other Genworth Financial news, CEO Thomas J. Mcinerney sold 150,000 shares of the business’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 transaction, the chief executive officer now owns 4,532,954 shares of the company’s stock, valued at $31,186,723.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GNW. UniSuper Management Pty Ltd acquired a new stake in Genworth Financial during the 1st quarter worth about $562,000. Donald Smith & CO. Inc. raised its holdings in shares of Genworth Financial by 3.7% in the 3rd quarter. Donald Smith & CO. Inc. now owns 25,015,294 shares of the financial services provider’s stock worth $171,355,000 after purchasing an additional 901,485 shares during the period. Assenagon Asset Management S.A. grew its stake in Genworth Financial by 138.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 4,233,541 shares of the financial services provider’s stock valued at $25,571,000 after buying an additional 2,456,816 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Genworth Financial by 0.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 912,090 shares of the financial services provider’s stock worth $6,248,000 after acquiring an additional 7,502 shares during the last quarter. Finally, River Road Asset Management LLC boosted its position in shares of Genworth Financial by 0.8% during the 3rd quarter. River Road Asset Management LLC now owns 17,391,968 shares of the financial services provider’s stock valued at $119,135,000 after acquiring an additional 131,634 shares during the last quarter. 81.85% of the stock is currently owned by institutional investors.

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.