BTIG Research Reaffirms Neutral Rating for Genworth Financial Inc (GNW)
A number of other brokerages also recently weighed in on GNW. BidaskClub raised Genworth Financial from a sell rating to a hold rating in a research report on Tuesday, June 13th. Zacks Investment Research downgraded Genworth Financial from a buy rating to a hold rating in a research report on Tuesday, July 4th. ValuEngine raised Genworth Financial from a sell rating to a hold rating in a research report on Tuesday, June 27th. Finally, Off Wall Street assumed coverage on Genworth Financial in a research report on Monday, September 11th. They set a buy rating on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $4.27.
Genworth Financial (NYSE GNW) opened at 3.99 on Friday. The company’s market cap is $1.99 billion. The company has a 50-day moving average of $3.53 and a 200-day moving average of $3.72. Genworth Financial has a 52 week low of $3.23 and a 52 week high of $5.27.
Genworth Financial (NYSE:GNW) last announced its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $0.30 EPS for the quarter, beating the consensus estimate of $0.22 by $0.08. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.14 billion. Genworth Financial had a negative return on equity of 1.63% and a negative net margin of 1.66%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 earnings per share. On average, equities analysts expect that Genworth Financial will post $1.03 EPS for the current year.
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A number of hedge funds have recently modified their holdings of GNW. Relative Value Partners Group LLC boosted its position in Genworth Financial by 55.7% during the first quarter. Relative Value Partners Group LLC now owns 25,150 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 9,000 shares in the last quarter. NEXT Financial Group Inc boosted its holdings in Genworth Financial by 0.5% in the second quarter. NEXT Financial Group Inc now owns 31,651 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 151 shares in the last quarter. Bayesian Capital Management LP acquired a new stake in Genworth Financial in the second quarter worth about $126,000. Shelton Capital Management acquired a new stake in Genworth Financial in the second quarter worth about $140,000. Finally, LS Investment Advisors LLC boosted its holdings in Genworth Financial by 18.0% in the second quarter. LS Investment Advisors LLC now owns 38,939 shares of the financial services provider’s stock worth $147,000 after acquiring an additional 5,936 shares in the last quarter. 67.59% of the stock is currently owned by institutional investors.
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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