Genworth Financial (GNW) Upgraded at TheStreet

Genworth Financial (NYSE:GNW) was upgraded by equities research analysts at TheStreet from a “d+” rating to a “c” rating in a research report issued to clients and investors on Wednesday.

Several other analysts also recently commented on GNW. BTIG Research reissued a “hold” rating on shares of Genworth Financial in a research report on Thursday. Wells Fargo & Co reissued a “hold” rating on shares of Genworth Financial in a research report on Wednesday, November 29th. ValuEngine downgraded shares of Genworth Financial from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Zacks Investment Research raised shares of Genworth Financial from a “hold” rating to a “buy” rating and set a $3.50 target price for the company in a research report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $3.75.

Shares of Genworth Financial (NYSE:GNW) traded down $0.02 on Wednesday, reaching $2.76. 6,679,723 shares of the company were exchanged, compared to its average volume of 4,680,000. Genworth Financial has a 52-week low of $2.75 and a 52-week high of $4.23. The stock has a market capitalization of $1,370.00, a P/E ratio of 1.67, a PEG ratio of 0.62 and a beta of 2.58. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.24 and a quick ratio of 0.28.

Genworth Financial (NYSE:GNW) last posted its earnings results on Tuesday, February 6th. The financial services provider reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.45. The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $2.16 billion. Genworth Financial had a net margin of 9.85% and a return on equity of 4.63%. The company’s revenue for the quarter was down 23.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.27) earnings per share. equities analysts predict that Genworth Financial will post 0.9 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. lifted its stake in shares of Genworth Financial by 11.2% in the fourth quarter. BlackRock Inc. now owns 54,184,339 shares of the financial services provider’s stock worth $168,512,000 after buying an additional 5,446,174 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Genworth Financial by 7.0% in the second quarter. Vanguard Group Inc. now owns 41,753,927 shares of the financial services provider’s stock worth $157,413,000 after buying an additional 2,745,057 shares during the last quarter. Prudential Financial Inc. lifted its stake in shares of Genworth Financial by 21.2% in the third quarter. Prudential Financial Inc. now owns 6,637,723 shares of the financial services provider’s stock worth $25,555,000 after buying an additional 1,162,720 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Genworth Financial by 18.5% in the fourth quarter. Bank of New York Mellon Corp now owns 7,030,319 shares of the financial services provider’s stock worth $21,865,000 after buying an additional 1,099,278 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Genworth Financial in the third quarter worth $3,519,000. 66.66% of the stock is owned by institutional investors.

TRADEMARK VIOLATION WARNING: This piece was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of United States & international copyright laws. The correct version of this piece can be read at https://www.americanbankingnews.com/2018/02/10/genworth-financial-gnw-upgraded-at-thestreet.html.

About Genworth Financial

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.

Receive News & Ratings for Genworth Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genworth Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply