Genworth Financial Inc. (GNW) Trading 2.5% Higher
Genworth Financial Inc. (NYSE:GNW) shares traded up 2.5% on Monday . The company traded as high as $2.84 and last traded at $2.83, with a volume of 1,817,141 shares changing hands. The stock had previously closed at $2.76.
A number of research analysts have recently weighed in on the stock. Morgan Stanley restated a “hold” rating on shares of Genworth Financial in a report on Saturday, April 30th. BTIG Research restated a “buy” rating and set a $5.00 price target on shares of Genworth Financial in a report on Friday, April 29th. Compass Point cut their price target on shares of Genworth Financial from $5.50 to $5.25 and set a “buy” rating on the stock in a report on Thursday, May 5th. Finally, Zacks Investment Research upgraded shares of Genworth Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 13th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $6.11.
The stock’s 50-day moving average price is $3.03 and its 200-day moving average price is $2.87. The stock’s market cap is $1.43 billion.
Genworth Financial (NYSE:GNW) last released its quarterly earnings results on Thursday, April 28th. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.03. The business earned $1.79 billion during the quarter, compared to analyst estimates of $2.15 billion. The company’s revenue was down 16.4% on a year-over-year basis. During the same quarter last year, the company posted $0.31 earnings per share. Equities research analysts anticipate that Genworth Financial Inc. will post $0.82 earnings per share for the current fiscal year.
A number of large investors have recently made changes to their positions in GNW. Retirement Systems of Alabama increased its stake in shares of Genworth Financial by 127.8% in the fourth quarter. Retirement Systems of Alabama now owns 639,221 shares of the company’s stock worth $2,384,000 after buying an additional 358,598 shares during the last quarter. Nationwide Fund Advisors increased its stake in shares of Genworth Financial by 428.8% in the fourth quarter. Nationwide Fund Advisors now owns 781,540 shares of the company’s stock worth $2,915,000 after buying an additional 633,755 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of Genworth Financial by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 951,107 shares of the company’s stock worth $3,548,000 after buying an additional 15,103 shares during the last quarter. State Treasurer State of Michigan increased its stake in shares of Genworth Financial by 4.7% in the fourth quarter. State Treasurer State of Michigan now owns 377,362 shares of the company’s stock worth $1,408,000 after buying an additional 17,018 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Genworth Financial by 3.6% in the fourth quarter. Rhumbline Advisers now owns 692,651 shares of the company’s stock worth $2,584,000 after buying an additional 23,948 shares during the last 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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