Genworth Financial Inc. (GNW) Trading 2.5% Higher
Genworth Financial Inc. (NYSE:GNW) traded up 2.5% on Monday . The stock traded as high as $2.84 and last traded at $2.83, with a volume of 1,817,141 shares. The stock had previously closed at $2.76.
A number of research analysts have weighed in on the company. Morgan Stanley reaffirmed a “hold” rating on shares of Genworth Financial in a report on Saturday, April 30th. Zacks Investment Research raised Genworth Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 13th. Compass Point reduced their target price on Genworth Financial from $5.50 to $5.25 and set a “buy” rating for the company in a report on Thursday, May 5th. Finally, BTIG Research reaffirmed a “buy” rating and set a $5.00 target price on shares of Genworth Financial in a report on Friday, April 29th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $6.11.
The firm has a 50 day moving average price of $3.06 and a 200-day moving average price of $2.89. The stock’s market capitalization is $1.42 billion.
Genworth Financial (NYSE:GNW) last posted its earnings results on Thursday, April 28th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. The firm earned $1.79 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same period in the prior year, the company posted $0.31 EPS. The firm’s revenue was down 16.4% compared to the same quarter last year. Analysts expect that Genworth Financial Inc. will post $0.81 earnings per share for the current fiscal year.
Other hedge funds and institutional investors have recently bought and sold shares of the company. 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. increased 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 valued at $1,242,000 after buying an additional 78,807 shares during the period. Mutual of America Capital Management LLC increased 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 valued at $1,252,000 after buying an additional 282,366 shares during the period. Comerica Bank increased its position in Genworth Financial by 192.0% in the fourth quarter. Comerica Bank now owns 347,973 shares of the company’s stock valued at $1,075,000 after buying an additional 228,794 shares during the period. Finally, State Treasurer State of Michigan increased 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 valued at $1,408,000 after buying an additional 17,018 shares during the period.
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.
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