Genworth Financial Inc. (GNW) Trading Up 5.6%
Genworth Financial Inc. (NYSE:GNW)’s share price was up 5.6% on Monday . The company traded as high as $4.99 and last traded at $4.88, with a volume of 12,266,171 shares. The stock had previously closed at $4.62.
A number of equities analysts recently weighed in on GNW shares. Zacks Investment Research raised Genworth Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 13th. Compass Point cut their price objective 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. JPMorgan Chase & Co. reiterated a “hold” rating on shares of Genworth Financial in a research note on Wednesday, August 3rd. BTIG Research reiterated a “buy” rating and set a $5.00 price objective on shares of Genworth Financial in a research note on Thursday, August 4th. Finally, Morgan Stanley reiterated 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 given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $5.84.
The company’s market capitalization is $2.54 billion. The stock’s 50 day moving average price is $3.44 and its 200-day moving average price is $3.10.
Genworth Financial (NYSE:GNW) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.04. The company had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.09 billion. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.24 EPS. Equities research analysts predict that Genworth Financial Inc. will post $0.88 EPS for the current fiscal year.
A hedge fund recently raised its stake in Genworth Financial stock. BlackRock Advisors LLC increased its position in 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 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.
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