Genworth Financial Inc (GNW) Cut to Neutral at Compass Point
GNW has been the subject of several other reports. Keefe, Bruyette & Woods reiterated a market perform rating and issued a $3.50 target price on shares of Genworth Financial in a report on Monday, September 5th. Zacks Investment Research upgraded shares of Genworth Financial from a strong sell rating to a hold rating in a report on Wednesday, July 13th. JPMorgan Chase & Co. reiterated a hold rating on shares of Genworth Financial in a report on Wednesday, August 3rd. BTIG Research reiterated a buy rating and issued a $5.00 target price on shares of Genworth Financial in a report on Thursday, August 4th. Finally, Morgan Stanley restated a neutral rating on shares of Genworth Financial in a report on Wednesday, August 3rd. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $5.46.
Shares of Genworth Financial (NYSE:GNW) opened at 4.95 on Monday. The firm’s market cap is $2.47 billion. Genworth Financial has a 52-week low of $1.57 and a 52-week high of $5.75. The stock has a 50 day moving average of $4.36 and a 200 day moving average of $3.39.
Genworth Financial (NYSE:GNW) last announced its earnings results on Tuesday, August 2nd. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.21 by $0.04. Genworth Financial had a negative net margin of 4.24% and a positive return on equity of 1.32%. The company earned $2.24 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same period last year, the company posted $0.24 earnings per share. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. Equities analysts predict that Genworth Financial will post $0.88 EPS for the current fiscal year.
Hedge funds have recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd acquired a new stake in Genworth Financial during the second quarter worth about $102,000. Oppenheimer & Co. Inc. boosted its stake in Genworth Financial by 81.6% in the second quarter. Oppenheimer & Co. Inc. now owns 39,826 shares of the company’s stock worth $103,000 after buying an additional 17,900 shares during the period. Springbok Capital Management LLC acquired a new stake in Genworth Financial during the first quarter worth about $120,000. Ontario Teachers Pension Plan Board boosted its stake in Genworth Financial by 89.0% in the second quarter. Ontario Teachers Pension Plan Board now owns 46,201 shares of the company’s stock worth $119,000 after buying an additional 21,754 shares during the period. Finally, Rational Advisors LLC acquired a new stake in Genworth Financial during the second quarter worth about $126,000. Hedge funds and other institutional investors own 71.74% of the company’s stock.
Genworth Financial Company Profile
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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