Genworth Financial Inc (NYSE:GNW) has received an average recommendation of “Hold” from the eight research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $3.86.

A number of research firms have commented on GNW. BidaskClub raised Genworth Financial from a “strong sell” rating to a “sell” rating in a report on Wednesday. Wells Fargo & Company reissued a “hold” rating on shares of Genworth Financial in a report on Tuesday, August 1st. Zacks Investment Research downgraded Genworth Financial from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, ValuEngine raised Genworth Financial from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creative Planning increased its position in Genworth Financial by 16.5% in the first quarter. Creative Planning now owns 98,750 shares of the financial services provider’s stock valued at $407,000 after buying an additional 13,977 shares during the period. Capstone Asset Management Co. increased its position in Genworth Financial by 0.8% in the first quarter. Capstone Asset Management Co. now owns 80,424 shares of the financial services provider’s stock valued at $331,000 after buying an additional 630 shares during the period. Atria Investments LLC increased its position in Genworth Financial by 99.1% in the first quarter. Atria Investments LLC now owns 25,336 shares of the financial services provider’s stock valued at $104,000 after buying an additional 12,612 shares during the period. Louisiana State Employees Retirement System increased its position in Genworth Financial by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 125,900 shares of the financial services provider’s stock valued at $519,000 after buying an additional 2,700 shares during the period. Finally, Shah Capital Management increased its position in Genworth Financial by 8.6% in the first quarter. Shah Capital Management now owns 5,747,517 shares of the financial services provider’s stock valued at $23,679,000 after buying an additional 456,917 shares during the period. 66.96% of the stock is owned by institutional investors and hedge funds.

Genworth Financial (NYSE GNW) opened at 3.48 on Friday. The firm’s market capitalization is $1.74 billion. The firm’s 50-day moving average is $3.54 and its 200-day moving average is $3.75. Genworth Financial has a 52-week low of $3.23 and a 52-week high of $5.27.

Genworth Financial (NYSE:GNW) last released its earnings results on Tuesday, August 1st. The financial services provider reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.08. Genworth Financial had a negative return on equity of 1.63% and a negative net margin of 1.66%. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter last year, the company earned $0.39 earnings per share. Genworth Financial’s quarterly revenue was down .6% compared to the same quarter last year. On average, analysts anticipate that Genworth Financial will post $1.02 earnings per share for the current year.

About Genworth Financial

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.

Analyst Recommendations for Genworth Financial (NYSE:GNW)

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