Stock Traders Purchase Large Volume of Genworth Financial Call Options (GNW)
Shares of Genworth Financial (NYSE:GNW) saw unusually large options trading on Tuesday. Stock traders bought 12,996 call options on the stock, Analyst Ratings.Net reports. This represents an increase of 138% compared to the average daily volume of 5,469 call options.
A number of analysts have recently weighed in on GNW shares. Analysts at Compass Point initiated coverage on shares of Genworth Financial in a research note to investors on Tuesday, January 7th. They set a “buy” rating and a $22.00 price target on the stock. Separately, analysts at UBS AG upgraded shares of Genworth Financial from a “neutral” rating to a “buy” rating in a research note to investors on Monday, January 6th. They now have a $18.00 price target on the stock, up previously from $13.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Genworth Financial in a research note to investors on Friday, December 20th. They now have a $16.00 price target on the stock. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $16.44.
Shares of Genworth Financial (NYSE:GNW) traded up 1.61% during mid-day trading on Tuesday, hitting $14.53. The stock had a trading volume of 6,659,946 shares. Genworth Financial has a one year low of $8.08 and a one year high of $16.75. The stock’s 50-day moving average is $15.60 and its 200-day moving average is $13.95. The company has a market cap of $7.182 billion and a P/E ratio of 13.86.
Genworth Financial (NYSE:GNW) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.38 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.30 by $0.08. Analysts expect that Genworth Financial will post $1.10 EPS for the current fiscal year.
Genworth Financial, Inc (NYSE:GNW) is a financial security company.
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