Genworth Financial Inc. (GNW) Stock Price Up 5.6%
Genworth Financial Inc. (NYSE:GNW) rose 5.6% during trading on Monday . The stock traded as high as $4.99 and last traded at $4.88, with a volume of 12,266,171 shares changing hands. The stock had previously closed at $4.62.
GNW has been the subject of several recent research reports. Zacks Investment Research cut Genworth Financial from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 5th. BTIG Research reaffirmed a “buy” rating and issued a $5.00 price target on shares of Genworth Financial in a report on Thursday, August 4th. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Genworth Financial in a report on Wednesday, August 3rd. Compass Point cut their target price on Genworth Financial from $5.50 to $5.25 and set a “buy” rating for the company in a research note on Thursday, May 5th. Finally, Morgan Stanley reissued a “neutral” rating on shares of Genworth Financial in a research note on Wednesday, August 3rd. 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 has an average rating of “Buy” and a consensus target price of $5.84.
The stock’s market capitalization is $2.46 billion. The company has a 50-day moving average of $3.30 and a 200-day moving average of $3.03.
Genworth Financial (NYSE:GNW) last posted its earnings results on Tuesday, August 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. During the same period in the previous year, the company posted $0.24 EPS. The company earned $2.24 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Genworth Financial’s quarterly revenue was up 3.7% compared to the same quarter last year. Equities research analysts predict that Genworth Financial Inc. will post $0.88 EPS for the current year.
An institutional investor recently raised its position in Genworth Financial stock. BlackRock Advisors LLC increased its position in shares of Genworth Financial Inc. (NYSE:GNW) by 1.9% during the fourth quarter, according to its most recent 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 approximately 1.28% of Genworth Financial worth $23,803,000 at the end of the most recent 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.