Genworth Financial Inc (GNW) Given Average Rating of “Hold” by Brokerages
Shares of Genworth Financial Inc (NYSE:GNW) have been assigned an average recommendation of “Hold” from the seven research firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $3.88.
GNW has been the subject of several recent research reports. Off Wall Street initiated coverage on Genworth Financial in a research report on Monday, September 11th. They set a “buy” rating for the company. ValuEngine raised Genworth Financial from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research downgraded Genworth Financial from a “hold” rating to a “strong sell” rating in a research report on Monday, November 6th. BTIG Research reaffirmed a “neutral” rating on shares of Genworth Financial in a research report on Saturday, September 16th. Finally, Wells Fargo & Company reaffirmed a “hold” rating on shares of Genworth Financial in a research report on Tuesday, August 1st.
Genworth Financial (NYSE GNW) opened at $3.42 on Tuesday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $1,690.00, a price-to-earnings ratio of 7.19, a price-to-earnings-growth ratio of 0.72 and a beta of 2.80. Genworth Financial has a 1 year low of $3.12 and a 1 year high of $4.46.
Several large investors have recently made changes to their positions in GNW. Bayesian Capital Management LP purchased a new stake in shares of Genworth Financial in the second quarter valued at $126,000. Shelton Capital Management purchased a new stake in shares of Genworth Financial in the second quarter valued at $140,000. LS Investment Advisors LLC grew its position in shares of Genworth Financial by 18.0% in the second quarter. LS Investment Advisors LLC now owns 38,939 shares of the financial services provider’s stock valued at $147,000 after purchasing an additional 5,936 shares during the period. Teacher Retirement System of Texas grew its position in Genworth Financial by 1.1% during the second quarter. Teacher Retirement System of Texas now owns 40,020 shares of the financial services provider’s stock valued at $151,000 after acquiring an additional 418 shares during the period. Finally, Fondren Management LP purchased a new stake in Genworth Financial during the second quarter valued at about $189,000. 68.09% of the stock is owned by institutional investors and hedge funds.
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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