Genworth Financial Inc (NYSE:GNW) gapped up before the market opened on Friday . The stock had previously closed at $3.84, but opened at $3.98. Genworth Financial shares last traded at $4.00, with a volume of 11,754,427 shares traded.

A number of research firms recently issued reports on GNW. ValuEngine raised shares of Genworth Financial from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Off Wall Street began coverage on shares of Genworth Financial in a research note on Monday. They issued a “buy” rating on the stock. Zacks Investment Research raised shares of Genworth Financial from a “hold” rating to a “buy” rating and set a $4.00 price target on the stock in a research note on Tuesday, September 5th. BidaskClub cut shares of Genworth Financial from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Finally, Wells Fargo & Company reissued a “hold” rating on shares of Genworth Financial in a research note on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $4.27.

The company’s market cap is $2.00 billion. The stock’s 50 day moving average price is $3.52 and its 200-day moving average price is $3.73.

Genworth Financial (NYSE:GNW) last announced its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the prior year, the company posted $0.39 earnings per share. Genworth Financial’s quarterly revenue was down .6% on a year-over-year basis. Equities analysts expect that Genworth Financial Inc will post $1.03 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in GNW. Capstone Asset Management Co. grew its holdings in Genworth Financial by 0.8% during the first quarter. Capstone Asset Management Co. now owns 80,424 shares of the financial services provider’s stock worth $331,000 after acquiring an additional 630 shares during the period. Louisiana State Employees Retirement System grew its holdings in Genworth Financial by 2.2% during the first quarter. Louisiana State Employees Retirement System now owns 125,900 shares of the financial services provider’s stock worth $519,000 after acquiring an additional 2,700 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in Genworth Financial by 1.4% during the first quarter. Oregon Public Employees Retirement Fund now owns 174,906 shares of the financial services provider’s stock worth $721,000 after acquiring an additional 2,400 shares during the period. Bank of New York Mellon Corp grew its holdings in Genworth Financial by 4.6% during the first quarter. Bank of New York Mellon Corp now owns 5,983,450 shares of the financial services provider’s stock worth $24,653,000 after acquiring an additional 261,744 shares during the period. Finally, Comerica Bank grew its holdings in Genworth Financial by 4.7% during the first quarter. Comerica Bank now owns 396,674 shares of the financial services provider’s stock worth $1,626,000 after acquiring an additional 17,934 shares during the period. 67.59% of the stock is currently owned by hedge funds and other institutional investors.

WARNING: “Genworth Financial Inc (GNW) Shares Gap Up to $3.98” was first reported by Daily Political and is the property of of Daily Political. If you are accessing this piece on another site, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The original version of this piece can be read at https://www.dailypolitical.com/2017/09/15/genworth-financial-inc-gnw-shares-gap-up-to-3-98.html.

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.

Receive News & Ratings for Genworth Financial Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genworth Financial Inc and related companies with MarketBeat.com's FREE daily email newsletter.