Genworth Financial Inc. (GNW) Trading Up 3.8%
Shares of Genworth Financial Inc. (NYSE:GNW) were up 3.8% on Thursday . The stock traded as high as $2.56 and last traded at $2.44, with a volume of 4,765,989 shares changing hands. The stock had previously closed at $2.35.
Several analysts have recently weighed in on GNW shares. Zacks Investment Research cut shares of Genworth Financial from a “hold” rating to a “strong sell” rating in a research report on Tuesday. BTIG Research restated a “buy” rating and set a $5.00 price objective on shares of Genworth Financial in a research report on Friday, April 29th. Compass Point lowered their price objective on shares of Genworth Financial from $5.50 to $5.25 and set a “buy” rating on the stock in a research report on Thursday, May 5th. Finally, Morgan Stanley restated a “hold” rating on shares of Genworth Financial in a research report on Saturday, April 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $6.11.
The firm’s market cap is $1.21 billion. The company’s 50-day moving average is $3.26 and its 200-day moving average is $2.93.
Genworth Financial (NYSE:GNW) last posted its quarterly earnings results on Thursday, April 28th. The company reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.03. During the same quarter in the previous year, the company earned $0.31 earnings per share. The firm earned $1.79 billion during the quarter, compared to the consensus estimate of $2.15 billion. The business’s revenue for the quarter was down 16.4% compared to the same quarter last year. On average, equities research analysts forecast that Genworth Financial Inc. will post $0.82 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of GNW. Deimos Asset Management LLC purchased a new position in Genworth Financial during the fourth quarter worth $1,223,000. Liberty Mutual Group Asset Management Inc. raised its position in Genworth Financial by 31.0% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 333,054 shares of the company’s stock worth $1,242,000 after buying an additional 78,807 shares during the last quarter. Mutual of America Capital Management LLC raised its position in Genworth Financial by 528.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 335,787 shares of the company’s stock worth $1,252,000 after buying an additional 282,366 shares during the last quarter. Comerica Bank raised its position in Genworth Financial by 192.0% in the fourth quarter. Comerica Bank now owns 347,973 shares of the company’s stock worth $1,075,000 after buying an additional 228,794 shares during the last quarter. Finally, State Treasurer State of Michigan raised its position in Genworth Financial by 4.7% in the fourth quarter. State Treasurer State of Michigan now owns 377,362 shares of the company’s stock worth $1,408,000 after buying an additional 17,018 shares during the last quarter.
Genworth Financial, Inc (Genworth) is a financial security company. The Company provides insurance, wealth management, investment and financial solutions. As of December 31, 2011, the Company had more than 15 million customers, with a presence in more than 25 countries. The Company operates in Insurance, Mortgage Insurance and Corporate and Runoff.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.