Genworth Financial Inc (NYSE:GNW) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday.

A number of other equities research analysts have also recently commented on the stock. Wells Fargo & Company reissued a “hold” rating on shares of Genworth Financial in a research note on Tuesday, May 2nd. Zacks Investment Research raised shares of Genworth Financial from a “hold” rating to a “buy” rating and set a $4.25 price target on the stock in a research note on Thursday, May 4th. ValuEngine raised shares of Genworth Financial from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Genworth Financial in a research note on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $4.17.

Genworth Financial (NYSE GNW) traded up 0.57% during trading on Wednesday, reaching $3.50. 2,394,440 shares of the company were exchanged. Genworth Financial has a 12 month low of $3.22 and a 12 month high of $5.27. The stock has a 50 day moving average price of $3.52 and a 200 day moving average price of $3.75. The firm’s market capitalization is $1.75 billion.

Genworth Financial (NYSE:GNW) last issued its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.08. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.14 billion. Genworth Financial had a negative net margin of 1.66% and a negative return on equity of 1.63%. The firm’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the company earned $0.39 EPS. On average, analysts expect that Genworth Financial will post $1.03 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently made changes to their positions in GNW. Relative Value Partners Group LLC raised its position in shares of Genworth Financial by 55.7% in 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 buying an additional 9,000 shares during the last quarter. Atria Investments LLC raised its position in shares of 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 last quarter. Tiedemann Wealth Management LLC raised its position in shares of Genworth Financial by 72.0% in the first quarter. Tiedemann Wealth Management LLC now owns 26,041 shares of the financial services provider’s stock valued at $107,000 after buying an additional 10,901 shares during the last quarter. NEXT Financial Group Inc raised its position in shares of 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 valued at $119,000 after buying an additional 151 shares during the last quarter. Finally, Bayesian Capital Management LP bought a new position in shares of Genworth Financial during the second quarter valued at $126,000. Institutional investors and hedge funds own 66.17% of the company’s stock.

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.

Analyst Recommendations for Genworth Financial (NYSE:GNW)

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