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

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

Genworth Financial Trading Up 0.4%

NYSE:GNW opened at $9.90 on Thursday. Genworth Financial, Inc. has a 1-year low of $7.84 and a 1-year high of $10.28. The business’s 50-day moving average price is $9.71 and its two-hundred day moving average price is $9.04. 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 price-to-earnings ratio of 19.04 and a beta of 0.87.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of GNW. HB Wealth Management LLC lifted its stake in Genworth Financial by 8.8% in the 2nd quarter. HB Wealth Management LLC now owns 13,482 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 1,089 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of Genworth Financial by 8.3% during the fourth quarter. Captrust Financial Advisors now owns 14,770 shares of the financial services provider’s stock worth $133,000 after buying an additional 1,133 shares during the last quarter. Truist Financial Corp grew its stake in shares of Genworth Financial by 9.6% during the fourth quarter. Truist Financial Corp now owns 14,342 shares of the financial services provider’s stock worth $130,000 after buying an additional 1,257 shares during the last quarter. Abel Hall LLC increased its holdings in shares of Genworth Financial by 11.9% during the fourth quarter. Abel Hall LLC now owns 12,672 shares of the financial services provider’s stock worth $114,000 after buying an additional 1,348 shares in the last quarter. Finally, ProShare Advisors LLC lifted its stake in shares of Genworth Financial by 1.8% in the 4th quarter. ProShare Advisors LLC now owns 78,983 shares of the financial services provider’s stock valued at $713,000 after acquiring an additional 1,382 shares during the last quarter. Institutional investors own 81.85% of the company’s stock.

Wall Street Analyst Weigh In

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

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.