Genworth Financial Inc. (GNW) Trading Up 4.6%
Shares of Genworth Financial Inc. (NYSE:GNW) were up 4.6% during mid-day trading on Tuesday . The company traded as high as $4.10 and last traded at $4.08, with a volume of 3,865,736 shares. The stock had previously closed at $3.90.
A number of analysts recently issued reports on GNW shares. BTIG Research reissued a “buy” rating and set a $5.00 price objective on shares of Genworth Financial in a report on Thursday, August 4th. Compass Point dropped their price objective on Genworth Financial from $5.50 to $5.25 and set a “buy” rating on the stock in a report on Thursday, May 5th. Morgan Stanley reissued a “hold” rating on shares of Genworth Financial in a report on Saturday, April 30th. JPMorgan Chase & Co. reissued a “hold” rating on shares of Genworth Financial in a report on Wednesday, August 3rd. Finally, Zacks Investment Research raised Genworth Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 13th. Five investment 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 an average price target of $5.84.
The stock’s market cap is $2.11 billion. The company’s 50-day moving average is $3.19 and its 200 day moving average is $3.00.
Genworth Financial (NYSE:GNW) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.04. The firm earned $2.24 billion during the quarter, compared to the consensus estimate of $2.09 billion. The business’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 EPS. Equities research analysts anticipate that Genworth Financial Inc. will post $0.88 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Genworth Financial stock. BlackRock Advisors LLC boosted its stake in Genworth Financial Inc. (NYSE:GNW) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,381,415 shares of the company’s stock after buying an additional 121,738 shares during the period. BlackRock Advisors LLC owned about 1.28% of Genworth Financial worth $23,803,000 as of its most recent SEC filing.
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.