Economy

Cetera Investment Advisers Buys 31655 Shares of Genworth Financial Inc (GNW)

Dimensional Fund Advisors LP owned approximately 2.52% of Genworth Financial worth $47,479,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company.

In recent trading day Genworth Financial, Inc. Genworth Financial, Inc. has had 0 insider trades in the last 3 months, including 0 open market buys and 0 sells. The stock ended last trade at $3.31 a share and the price is up more than -13.12% so far this year. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. Solus Alternative Asset Management LP now owns 15,000,000 shares of the company's stock valued at $40,950,000 after buying an additional 5,483,200 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Genworth Financial by 1.1% during the 2nd quarter.

Genworth Financial Inc (NYSE:GNW)'s trailing twelve month revenues are $8.75 Billion, whereas its price to sales ratio for the same period is 0.2.

For investors it's vital to know about both type of ownership about firm, as institutional ownership is the percentage of a stock's float owned by institutions such as mutual funds, pension funds and endowments.

The RSI is most typically used on a 14-day timeframe, measured on a scale from 0 to 100, with high and low levels marked at 70 and 30, respectively. The company's market cap is $2.10 billion. Genworth Financial Inc has a 12-month low of $3.12 and a 12-month high of $4.46. Following moving averages with different time frames may help offer a wide variety of stock information.

Genworth Financial, Inc. (GNW) have shown a high EPS growth of -18.20% in the last 5 years and has earnings decline of -19.00% yoy. The financial services provider reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.08. It has a return on equity (ROE) of -1.10%. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter past year, the firm posted $0.39 EPS. This works out to a decrease of -257.14% compared to last year's earnings.

Analysts expect Genworth Financial, Inc.

GNW has been the topic of several research analyst reports. Finally, Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $3.50 target price on shares of Genworth Financial in a report on Monday, September 5th. The mean rating score for this stock is at 2.50. The stock has a consensus rating of "Hold" and an average price target of $4.03. Wells Fargo & Company reaffirmed a "hold" rating on shares of Genworth Financial in a research note on Tuesday, August 1st.

Additionally on 10/05/16 BTIG Research "Downgrades" Genworth Financial Inc (NYSE:GNW) to Neutral and on 9/23/16 Goldman Sachs "Maintained" the stock to Neutral at $4.

Analysts have a mean recommendation of 3.00 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The firm now has a $4.09 target price on the stock, up from their prior target price of $4.00.

ILLEGAL ACTIVITY NOTICE: This story was originally published by StockNewsTimes and is the sole property of of StockNewsTimes.

TRADEMARK VIOLATION WARNING: This story was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal.



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