Genworth Financial (GNW) Raised to C at TheStreet
Several other analysts have also recently commented on GNW. BTIG Research restated a hold rating on shares of Genworth Financial in a report on Thursday. Wells Fargo & Co restated a hold rating on shares of Genworth Financial in a report on Wednesday, November 29th. ValuEngine cut Genworth Financial from a buy rating to a hold rating in a report on Sunday, December 31st. Finally, Zacks Investment Research upgraded Genworth Financial from a hold rating to a buy rating and set a $3.50 price target for the company in a report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $3.75.
Shares of Genworth Financial (NYSE GNW) traded up $0.05 during mid-day trading on Wednesday, reaching $2.83. 1,166,469 shares of the company traded hands, compared to its average volume of 4,501,351. Genworth Financial has a 12-month low of $2.75 and a 12-month high of $4.23. The firm has a market cap of $1,390.00, a P/E ratio of 1.72, a price-to-earnings-growth ratio of 0.66 and a beta of 2.58. The company has a quick ratio of 0.28, a current ratio of 1.24 and a debt-to-equity ratio of 0.28.
Institutional investors and hedge funds have recently bought and sold shares of the business. Amalgamated Bank grew its holdings in shares of Genworth Financial by 1.2% during the 2nd quarter. Amalgamated Bank now owns 71,452 shares of the financial services provider’s stock worth $269,000 after purchasing an additional 818 shares during the period. Thrivent Financial For Lutherans grew its holdings in shares of Genworth Financial by 6.9% during the 2nd quarter. Thrivent Financial For Lutherans now owns 101,360 shares of the financial services provider’s stock worth $382,000 after purchasing an additional 6,540 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Genworth Financial by 1.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,107,745 shares of the financial services provider’s stock worth $4,176,000 after purchasing an additional 11,670 shares during the period. Nordea Investment Management AB grew its holdings in shares of Genworth Financial by 2.8% during the 3rd quarter. Nordea Investment Management AB now owns 624,000 shares of the financial services provider’s stock worth $2,402,000 after purchasing an additional 17,000 shares during the period. Finally, Voya Investment Management LLC grew its holdings in shares of Genworth Financial by 10.5% during the 2nd quarter. Voya Investment Management LLC now owns 229,734 shares of the financial services provider’s stock worth $866,000 after purchasing an additional 21,781 shares during the period. Institutional investors own 66.66% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This news story was originally posted by Daily Political and is owned by of Daily Political. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international trademark & copyright laws. The correct version of this news story can be accessed at https://www.dailypolitical.com/2018/02/09/genworth-financial-gnw-raised-to-c-at-thestreet.html.
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.
Receive News & Ratings for Genworth Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genworth Financial and related companies with MarketBeat.com's FREE daily email newsletter.