Genworth Financial Inc. (GNW) Shares Gap Up to $4.93
Genworth Financial Inc. (NYSE:GNW) shares gapped up before the market opened on Tuesday . The stock had previously closed at $4.92, but opened at $4.93. Genworth Financial shares last traded at $5.10, with a volume of 8,329,254 shares changing hands.
Several research analysts have recently weighed in on the stock. Morgan Stanley reissued a “neutral” rating on shares of Genworth Financial in a report on Wednesday, August 3rd. Zacks Investment Research raised shares of Genworth Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 13th. Compass Point reduced their target price on shares of Genworth Financial from $5.50 to $5.25 and set a “buy” rating for the company in a report on Thursday, May 5th. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Genworth Financial in a report on Wednesday, August 3rd. Finally, BTIG Research reaffirmed a “buy” rating and set a $5.00 target price on shares of Genworth Financial in a report on Thursday, August 4th. Five analysts have rated the stock with a hold rating, two have given 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 $2.56 billion. The firm has a 50-day moving average price of $3.44 and a 200-day moving average price of $3.09.
Genworth Financial (NYSE:GNW) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.04. The company earned $2.24 billion during the quarter, compared to analysts’ expectations of $2.09 billion. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.24 earnings per share. Equities research analysts anticipate 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 stake 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 about 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.
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