Genworth Financial Inc. (GNW) Trading 3.2% Higher
Genworth Financial Inc. (NYSE:GNW) traded up 3.2% during trading on Tuesday . The stock traded as high as $3.82 and last traded at $3.82, with a volume of 5,054,187 shares traded. The stock had previously closed at $3.70.
Several equities research analysts have recently commented on the stock. Morgan Stanley reaffirmed a “hold” rating on shares of Genworth Financial in a research report on Saturday, April 30th. Zacks Investment Research raised shares of Genworth Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 13th. Compass Point lowered their price target on shares of Genworth Financial from $5.50 to $5.25 and set a “buy” rating for the company in a research report on Thursday, May 5th. BTIG Research reissued a “buy” rating and set a $5.00 price target on shares of Genworth Financial in a research report on Friday, April 29th. Finally, JPMorgan Chase & Co. reissued a “hold” rating on shares of Genworth Financial in a research report on Wednesday, August 3rd. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Genworth Financial currently has an average rating of “Buy” and a consensus price target of $5.84.
The stock’s market capitalization is $1.90 billion. The firm’s 50 day moving average price is $2.96 and its 200-day moving average price is $2.94.
Genworth Financial (NYSE:GNW) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.04. The firm had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.09 billion. The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.24 EPS. Equities research analysts predict that Genworth Financial Inc. will post $0.88 earnings per share for the current year.
Other hedge funds and institutional investors recently bought and sold shares of the company. Mutual of America Capital Management LLC boosted 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. State of New Jersey Common Pension Fund D boosted its position in Genworth Financial by 53.8% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 6,000,000 shares of the company’s stock worth $22,380,000 after buying an additional 2,100,000 shares during the last quarter. Finally, BlackRock Advisors LLC boosted its position in Genworth Financial by 1.9% in the fourth quarter. BlackRock Advisors LLC now owns 6,381,415 shares of the company’s stock worth $23,803,000 after buying an additional 121,738 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.
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