Genworth Financial Inc. (GNW) Shares Down 8.8%
Genworth Financial Inc. (NYSE:GNW)’s share price was down 8.8% during mid-day trading on Wednesday . The company traded as low as $4.55 and last traded at $4.68, with a volume of 14,589,617 shares trading hands. The stock had previously closed at $5.13.
A number of equities analysts have issued reports on GNW shares. Compass Point cut their price target 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. Zacks Investment Research cut shares of Genworth Financial from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 5th. JPMorgan Chase & Co. reissued a “hold” rating on shares of Genworth Financial in a research report on Wednesday, August 3rd. Morgan Stanley reissued a “neutral” rating on shares of Genworth Financial in a research report on Wednesday, August 3rd. Finally, BTIG Research reissued a “buy” rating and set a $5.00 target price on shares of Genworth Financial in a research report on Thursday, August 4th. Five investment 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 target price of $5.84.
The stock’s market capitalization is $2.35 billion. The company’s 50-day moving average price is $3.55 and its 200-day moving average price is $3.12.
Genworth Financial (NYSE:GNW) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.04. The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter last year, the company earned $0.24 EPS. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. Equities research analysts anticipate that Genworth Financial Inc. will post $0.88 earnings per share for the current fiscal year.
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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