Genworth Financial (NYSE:GNW) Stock Passes Above 200 Day Moving Average – Time to Sell?

Genworth Financial, Inc. (NYSE:GNW)’s stock price passed 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.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Genworth Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th.

Genworth Financial Trading Up 0.2 %

The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.29 and a current ratio of 0.29. The company has a 50 day simple moving average of $7.23 and a 200 day simple moving average of $6.93. The company has a market capitalization of $3.00 billion, a PE ratio of 33.45 and a beta of 1.00.

Institutional Trading of Genworth Financial

A number of hedge funds have recently bought and sold shares of the business. DAVENPORT & Co LLC acquired a new position in Genworth Financial in the fourth quarter valued at approximately $320,000. EMC Capital Management raised its position in Genworth Financial by 1,562.5% in the fourth quarter. EMC Capital Management now owns 37,771 shares of the financial services provider’s stock worth $264,000 after acquiring an additional 35,499 shares in the last quarter. KBC Group NV increased its holdings in shares of Genworth Financial by 85.3% in the 4th quarter. KBC Group NV now owns 22,107 shares of the financial services provider’s stock valued at $155,000 after purchasing an additional 10,174 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Genworth Financial by 28.5% in the fourth quarter. Blue Trust Inc. now owns 24,438 shares of the financial services provider’s stock valued at $167,000 after purchasing an additional 5,420 shares during the period. Finally, GAMMA Investing LLC grew its position in Genworth Financial by 17.2% during the fourth quarter. GAMMA Investing LLC now owns 10,838 shares of the financial services provider’s stock worth $76,000 after buying an additional 1,591 shares during the period. Institutional investors and hedge funds own 81.85% of the company’s stock.

Genworth Financial Company Profile

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.