Genworth Financial (NYSE:GNW) Downgraded to “Hold” Rating by StockNews.com

StockNews.com cut shares of Genworth Financial (NYSE:GNW) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

Genworth Financial Stock Performance

Shares of NYSE GNW opened at $7.77 on Wednesday. The company has a 50-day simple moving average of $6.98 and a 200-day simple moving average of $6.62. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.29 and a quick ratio of 0.29. The company has a market cap of $3.32 billion, a PE ratio of 36.98 and a beta of 0.95. Genworth Financial has a 12 month low of $5.67 and a 12 month high of $7.77.

Insider Buying and Selling at Genworth Financial

In other news, CEO Thomas J. Mcinerney sold 150,000 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now owns 4,532,954 shares in the company, valued at $31,186,723.52. This trade 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 insiders.

Institutional Trading of Genworth Financial

A number of hedge funds have recently added to or reduced their stakes in GNW. Harbor Capital Advisors Inc. acquired a new position in shares of Genworth Financial during the 3rd quarter valued at about $30,000. EverSource Wealth Advisors LLC increased its position in Genworth Financial by 72.1% during the second quarter. EverSource Wealth Advisors LLC now owns 4,828 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 2,022 shares during the last quarter. GAMMA Investing LLC increased its position in Genworth Financial by 34.0% during the third quarter. GAMMA Investing LLC now owns 9,247 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 2,347 shares during the last quarter. LMR Partners LLP purchased a new position in Genworth Financial during the third quarter worth approximately $73,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in shares of Genworth Financial in the 1st quarter valued at $81,000. 81.85% of the stock is owned by institutional investors and hedge funds.

About Genworth Financial

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.