Genworth Financial Inc. (NYSE:GNW) shares dropped 3.4% during mid-day trading on Thursday . The stock traded as low as $3.33 and last traded at $3.39, with a volume of 8,143,798 shares trading hands. The stock had previously closed at $3.51.

GNW has been the subject of several recent analyst reports. BTIG Research restated a “buy” rating and set a $5.00 target price on shares of Genworth Financial in a research report on Friday, April 29th. Morgan Stanley restated a “hold” rating on shares of Genworth Financial in a research report on Saturday, April 30th. Compass Point dropped their target price on Genworth Financial from $5.50 to $5.25 and set a “buy” rating for the company in a research report on Thursday, May 5th. Zacks Investment Research lowered Genworth Financial from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 5th. Finally, JPMorgan Chase & Co. restated a “hold” rating on shares of Genworth Financial in a research report on Wednesday. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $5.84.

The firm has a 50 day moving average price of $2.86 and a 200-day moving average price of $2.87. The company’s market capitalization is $1.74 billion.

Genworth Financial (NYSE:GNW) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.04. The business earned $2.24 billion during the quarter, compared to analysts’ expectations of $2.09 billion. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.24 EPS. Equities research analysts forecast that Genworth Financial Inc. will post $0.86 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the company. New York State Common Retirement Fund boosted its stake in Genworth Financial by 75.1% in the fourth quarter. New York State Common Retirement Fund now owns 1,999,208 shares of the company’s stock valued at $7,457,000 after buying an additional 857,308 shares during the period. Rhumbline Advisers boosted its stake in Genworth Financial by 3.6% in the fourth quarter. Rhumbline Advisers now owns 692,651 shares of the company’s stock valued at $2,584,000 after buying an additional 23,948 shares during the period. Liberty Mutual Group Asset Management Inc. boosted its stake 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. Morgan Stanley boosted its stake in Genworth Financial by 13.8% in the fourth quarter. Morgan Stanley now owns 2,238,723 shares of the company’s stock valued at $8,352,000 after buying an additional 271,861 shares during the period. Finally, Comerica Bank boosted its stake 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.

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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