Genworth Financial Inc (NYSE:GNW)‘s stock had its “neutral” rating restated by analysts at BTIG Research in a note issued to investors on Saturday.

Several other research analysts also recently weighed in on GNW. BidaskClub upgraded Genworth Financial from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 9th. ValuEngine upgraded Genworth Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Wells Fargo & Company restated a “hold” rating on shares of Genworth Financial in a research note on Tuesday, August 1st. Finally, Zacks Investment Research downgraded Genworth Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $4.27.

Shares of Genworth Financial (NYSE GNW) opened at 4.00 on Friday. Genworth Financial has a 12 month low of $3.23 and a 12 month high of $5.27. The company’s market capitalization is $2.00 billion. The firm’s 50-day moving average is $3.52 and its 200 day moving average is $3.73.

Genworth Financial (NYSE:GNW) last posted its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ 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 business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the prior year, the company posted $0.39 EPS. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. Equities analysts expect that Genworth Financial will post $1.03 EPS for the current year.

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Several hedge funds and other institutional investors have recently bought and sold shares of GNW. BlackRock Inc. boosted its position in shares of Genworth Financial by 9,605.2% during the 1st quarter. BlackRock Inc. now owns 48,718,954 shares of the financial services provider’s stock valued at $200,723,000 after acquiring an additional 48,216,968 shares during the last quarter. Southpoint Capital Advisors LP bought a new position in shares of Genworth Financial during the 1st quarter valued at approximately $25,192,000. CNH Partners LLC boosted its position in shares of Genworth Financial by 67.1% during the 2nd quarter. CNH Partners LLC now owns 7,796,296 shares of the financial services provider’s stock valued at $29,392,000 after acquiring an additional 3,129,795 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Genworth Financial by 7.0% during the 2nd quarter. Vanguard Group Inc. now owns 41,753,927 shares of the financial services provider’s stock valued at $157,413,000 after acquiring an additional 2,745,057 shares during the last quarter. Finally, Prudential Financial Inc. boosted its position in shares of Genworth Financial by 35.1% during the 1st quarter. Prudential Financial Inc. now owns 5,409,753 shares of the financial services provider’s stock valued at $22,289,000 after acquiring an additional 1,406,640 shares during the last quarter. Hedge funds and other institutional investors own 67.59% 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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