Genworth Financial (NYSE:GNW) EVP Melissa Hagerman Sells 14,708 Shares

Genworth Financial, Inc. (NYSE:GNW) EVP Melissa Hagerman sold 14,708 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $9.91, for a total transaction of $145,756.28. Following the sale, the executive vice president directly owned 192,539 shares in the company, valued at approximately $1,908,061.49. This represents a 7.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Genworth Financial Trading Down 0.1%

Shares of GNW opened at $9.88 on Wednesday. Genworth Financial, Inc. has a twelve month low of $7.84 and a twelve month high of $10.28. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $3.74 billion, a P/E ratio of 19.01 and a beta of 0.87. The firm’s 50-day moving average is $9.69 and its two-hundred day moving average is $9.03.

Genworth Financial (NYSE:GNW) last posted its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.90 billion. Genworth Financial had a net margin of 2.87% and a return on equity of 1.06%. On average, research analysts predict that Genworth Financial, Inc. will post 1.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Wall Street Zen upgraded Genworth Financial from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. Zacks Research upgraded Genworth Financial to a “hold” rating in a research report on Wednesday, May 27th. Weiss Ratings downgraded Genworth Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 19th. Finally, Keefe, Bruyette & Woods upgraded shares of Genworth Financial from a “moderate buy” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $12.00.

Institutional Investors Weigh In On Genworth Financial

A number of large investors have recently bought and sold shares of the stock. Royal Bank of Canada lifted its holdings in Genworth Financial by 75.8% in the 1st quarter. Royal Bank of Canada now owns 118,058 shares of the financial services provider’s stock valued at $837,000 after purchasing an additional 50,911 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Genworth Financial by 2.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 252,152 shares of the financial services provider’s stock worth $1,788,000 after buying an additional 7,106 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Genworth Financial by 4.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,184,144 shares of the financial services provider’s stock valued at $8,396,000 after buying an additional 55,071 shares during the last quarter. Strs Ohio acquired a new position in shares of Genworth Financial in the first quarter valued at approximately $82,000. Finally, Invesco Ltd. lifted its stake in shares of Genworth Financial by 41.0% during the second quarter. Invesco Ltd. now owns 4,291,220 shares of the financial services provider’s stock valued at $33,386,000 after buying an additional 1,248,374 shares during the period. Institutional investors and hedge funds own 81.85% of the company’s stock.

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.