Genworth Financial Inc. (GNW) Trading 4.6% Higher
Genworth Financial Inc. (NYSE:GNW) traded up 4.6% during mid-day trading on Tuesday . The stock traded as high as $4.10 and last traded at $4.08, with a volume of 3,865,736 shares changing hands. The stock had previously closed at $3.90.
Several equities research analysts have issued reports on the company. Morgan Stanley reaffirmed a “hold” rating on shares of Genworth Financial in a report on Saturday, April 30th. BTIG Research reaffirmed a “buy” rating and set a $5.00 price target on shares of Genworth Financial in a report on Friday, April 29th. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Genworth Financial in a report on Wednesday, August 3rd. Compass Point cut their price target 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, Zacks Investment Research raised Genworth Financial from a “hold” rating to a “strong-buy” rating and set a $4.00 price target for the company in a report on Thursday, August 4th. 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 company. The stock currently has a consensus rating of “Buy” and a consensus price target of $5.84.
The company has a 50-day moving average price of $3.11 and a 200 day moving average price of $2.97. The company’s market cap is $2.03 billion.
Genworth Financial (NYSE:GNW) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.04. The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.09 billion. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.24 EPS. On average, equities analysts expect that Genworth Financial Inc. will post $0.87 EPS for the current fiscal year.
A hedge fund recently raised its stake in Genworth Financial stock. Mutual of America Capital Management LLC increased its stake in Genworth Financial Inc. (NYSE:GNW) by 528.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 335,787 shares of the company’s stock after buying an additional 282,366 shares during the period. Mutual of America Capital Management LLC owned approximately 0.07% of Genworth Financial worth $1,252,000 at the end of the most recent reporting 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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