Genworth Financial Inc. (GNW) Sees Strong Trading Volume
Shares of Genworth Financial Inc. (NYSE:GNW) saw unusually-strong trading volume on Friday . Approximately 10,688,525 shares were traded during trading, an increase of 23% from the previous session’s volume of 8,723,902 shares.The stock last traded at $4.60 and had previously closed at $4.40.
Several equities analysts have commented on GNW shares. BTIG Research reiterated a “buy” rating and set a $5.00 price objective on shares of Genworth Financial in a research report on Thursday, August 4th. Compass Point lowered their price objective on shares of Genworth Financial from $5.50 to $5.25 and set a “buy” rating for the company in a research report on Thursday, May 5th. Morgan Stanley reiterated a “hold” rating on shares of Genworth Financial in a research report on Saturday, April 30th. JPMorgan Chase & Co. reiterated a “hold” rating on shares of Genworth Financial in a research report on Wednesday, August 3rd. Finally, Zacks Investment Research upgraded shares of Genworth Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 13th. Five equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $5.84.
The company has a 50-day moving average of $3.30 and a 200-day moving average of $3.03. The company’s market cap is $2.30 billion.
Genworth Financial (NYSE:GNW) last announced its earnings results on Tuesday, August 2nd. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.04. During the same period in the previous year, the firm posted $0.24 EPS. The firm earned $2.24 billion during the quarter, compared to analyst estimates of $2.09 billion. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, analysts forecast 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 firm owned 6,381,415 shares of the company’s stock after buying an additional 121,738 shares during the period. BlackRock Advisors LLC owned about 1.28% of Genworth Financial worth $23,803,000 at the end of the most recent 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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