Currently, the stock carries a price to earnings ratio of 0, a price to book ratio of 0.13, and a price to sales ratio of 0.2.
According to Zacks, "Genworth has agreed to be acquired by China Oceanwide". It offers long-term care insurance products. Also, Genworth will remain committed toward its key financial priorities of strengthening the balance sheet and stabilizing and improving ratings over time, particularly in its U.S. MI business. Seekingalpha.com's news article titled: "Genworth Merger Update: Merger On Track" with publication date: August 26, 2017 was also an interesting one. ValuEngine upgraded shares of Genworth Financial from a sell rating to a hold rating in a report on Friday, September 1st. Evercore Tru Na holds 0.03% in Genworth Financial Inc (NYSE:GNW) or 2.32M shares. Wells Fargo & Company reiterated a hold recommendation on stocks of Genworth Financial in a study report on early Tue, Aug 1st. Mean recommendation is rated on a 1 to 5 scale.
The share price of Genworth Financial Inc (NYSE:GNW) was up +7.88% during the last trading session, with a day high of 4.04. The relative volume of the stock is 2.2, while its market cap is $1.72 Billion. That makes it 1.68 less volatile than the broad market.
Since the beginning of the calendar year, the stock is -3.41%.
Taking a look at insider trading at Genworth Financial, Inc. For the same quarter from the prior fiscal year, company reported $0.39 Earnings Per Share. on consensus, financial stock experts estimate that Genworth Financial to post $1.03 earnings per share for the financial year. Genworth Financial had a negative return on equity of 1.63% and a negative net margin of 1.66%.
While considering growth estimates of the company, it has next quarter growth estimates of 181.5% whereas during current quarter it has 127.2% estimations over growth, comparing to the estimations of 263.5% during current year and -11.7% for next year. The firm's revenue for the quarter was down.6% on a year-over-year basis. Davidson & Garrard Inc. now owns 30,871 shares of the company's stock worth $153,000 after buying an additional 2,000 shares in the last quarter.
Connor Clark & Lunn Investment Management Ltd. increased its position in Genworth Financial Inc (NYSE:GNW) by 20.9% during the third quarter, Holdings Channel reports. If you are accessing this news story on another website, it was illegally stolen and republished in violation of U.S. & global trademark & copyright laws.
A number of research firms recently weighed in on GNW.
Many institutional investors have purchased and unloaded stocks of the shares. Comparatively, Genworth Financial, Inc. posted earnings of $0.24 per share in the same quarter previous year.
In the last earnings report the EPS was $-0.29 and is projected to be $1.03 for the current year with 499,143,000 shares now outstanding. The value of the company's investment in Genworth Financial Inc decreased from $693,000 to $322,000 decreasing 53.5% quarter to quarter. Geode Capital Management LLC now owns 3,909,751 shares of the financial services provider's stock worth $16,108,000 after acquiring an additional 309,296 shares during the period. Raymond James Financial Services Advisors Inc. now owns 48,181 shares of the financial services provider's stock worth $199,000 after acquiring an additional 10,972 shares in the last quarter. Gotham Asset Management LLC now owns 86,934 shares of the financial services provider's stock worth $358,000 after acquiring an additional 23,470 shares during the period.
01/08/2015 - Bank of America Merrill Lynch began new coverage on Genworth Financial Inc giving the company a "underweight" rating. Northwestern Mutual Investment Management Company, LLC now controls 85,886 shares with a value of $324,000. As of Dec 31, 2011, The corporation had more than 15 M customers, with a presence in more than 25 countries.