Genworth Financial Inc (GNW) Stock Rating Reaffirmed by Keefe, Bruyette & Woods
Genworth Financial Inc (NYSE:GNW)‘s stock had its “hold” rating reaffirmed by stock analysts at Keefe, Bruyette & Woods in a report released on Tuesday. They presently have a $4.00 price target on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 14.61% from the stock’s current price.
Several other equities analysts have also recently weighed in on GNW. BTIG Research restated a “neutral” rating on shares of Genworth Financial in a report on Saturday, September 16th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Genworth Financial in a research report on Monday. BidaskClub upgraded Genworth Financial from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Zacks Investment Research lowered Genworth Financial from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, ValuEngine raised Genworth Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $4.27.
Shares of Genworth Financial (NYSE GNW) traded up 3.56% during trading on Tuesday, reaching $3.49. The company’s stock had a trading volume of 7,008,285 shares. The stock’s 50 day moving average price is $3.62 and its 200 day moving average price is $3.70. The company’s market cap is $1.74 billion. Genworth Financial has a 52 week low of $3.12 and a 52 week high of $5.27.
Genworth Financial (NYSE:GNW) last released its earnings results on Tuesday, August 1st. The financial services provider reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.08. Genworth Financial had a negative net margin of 1.66% and a negative return on equity of 1.63%. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter last year, the firm earned $0.39 earnings per share. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. Equities research analysts predict that Genworth Financial will post $1.03 EPS for the current year.
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Several institutional investors and hedge funds have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of Genworth Financial during the 2nd quarter worth about $102,000. Oppenheimer & Co. Inc. lifted its stake in Genworth Financial by 81.6% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 39,826 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 17,900 shares during the last quarter. Relative Value Partners Group LLC lifted its stake in Genworth Financial by 55.7% in the 1st 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 during the last quarter. Atria Investments LLC lifted its stake in Genworth Financial by 99.1% in the 1st quarter. Atria Investments LLC now owns 25,336 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 12,612 shares during the last quarter. Finally, Tiedemann Wealth Management LLC lifted its stake in Genworth Financial by 72.0% in the 1st quarter. Tiedemann Wealth Management LLC now owns 26,041 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 10,901 shares during the last quarter. 67.61% of the stock is 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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