Shares of Genworth Financial Inc. (NYSE:GNW) fell 8.8% during trading on Wednesday . The stock traded as low as $4.55 and last traded at $4.68, with a volume of 14,589,617 shares. The stock had previously closed at $5.13.

Several brokerages recently commented on GNW. Morgan Stanley reaffirmed a “neutral” rating on shares of Genworth Financial in a report on Wednesday, August 3rd. 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. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Genworth Financial in a report on Wednesday, August 3rd. 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. Finally, Zacks Investment Research raised shares of Genworth Financial from a “hold” rating to a “strong-buy” rating and set a $4.00 target price 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 given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $5.84.

The stock’s 50 day moving average price is $3.44 and its 200-day moving average price is $3.09. The firm’s market capitalization is $2.36 billion.

Genworth Financial (NYSE:GNW) last announced its earnings results on Tuesday, August 2nd. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.04. During the same quarter in the prior year, the company earned $0.24 EPS. The firm earned $2.24 billion during the quarter, compared to analysts’ expectations of $2.09 billion. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, analysts expect that Genworth Financial Inc. will post $0.88 earnings per share for the current fiscal year.

An institutional investor recently raised its position in Genworth Financial stock. BlackRock Advisors LLC boosted its stake in shares of 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. 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 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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