Shares of Genworth Financial, Inc. (NYSE:GNW - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.92 and traded as high as $7.03. Genworth Financial shares last traded at $7.03, with a volume of 2,184,567 shares changing hands.
Analyst Ratings Changes
Separately, StockNews.com cut Genworth Financial from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th.
Read Our Latest Report on Genworth Financial
Genworth Financial Trading Up 0.2 %
The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 33.45 and a beta of 1.00. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.17. The firm's 50 day moving average is $7.23 and its 200 day moving average is $6.93.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in GNW. Donald Smith & CO. Inc. lifted its position 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 valued at $171,355,000 after acquiring an additional 901,485 shares in the last quarter. River Road Asset Management LLC lifted its holdings in shares of Genworth Financial by 0.8% in the third 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 purchasing an additional 131,634 shares in the last quarter. FMR LLC lifted its holdings in shares of Genworth Financial by 18.7% in the third quarter. FMR LLC now owns 5,675,896 shares of the financial services provider's stock valued at $38,880,000 after purchasing an additional 894,053 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Genworth Financial by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,095,892 shares of the financial services provider's stock worth $34,907,000 after buying an additional 92,849 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Genworth Financial by 8.8% during the third quarter. Assenagon Asset Management S.A. now owns 4,605,054 shares of the financial services provider's stock valued at $31,545,000 after buying an additional 371,513 shares in the last quarter. 81.85% of the stock is currently owned by institutional investors and hedge funds.
About Genworth Financial
(
Get Free Report)
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.
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