Genworth Financial (NYSE:GNW) Earns Moderate Buy Rating from Keefe, Bruyette & Woods

Genworth Financial (NYSE:GNW)‘s stock had its “moderate buy” rating restated by equities researchers at Keefe, Bruyette & Woods in a report released on Thursday, MarketBeat reports. They currently have a $10.50 price objective on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 31.50% from the company’s current price.

Several other analysts also recently commented on GNW. Weiss Ratings downgraded shares of Genworth Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, March 5th. Wall Street Zen cut shares of Genworth Financial from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.50.

Genworth Financial Trading Down 3.9%

Shares of NYSE GNW opened at $7.99 on Thursday. Genworth Financial has a 1 year low of $5.99 and a 1 year high of $9.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a 50-day moving average of $8.44 and a 200 day moving average of $8.64. The stock has a market cap of $3.10 billion, a P/E ratio of 15.07 and a beta of 1.00.

Genworth Financial (NYSE:GNW) last released its earnings results on Monday, February 23rd. The financial services provider reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.14). Genworth Financial had a net margin of 3.05% and a return on equity of 1.48%. The business had revenue of $1.04 billion for the quarter.

Hedge Funds Weigh In On Genworth Financial

A number of hedge funds have recently bought and sold shares of GNW. Hsbc Holdings PLC purchased a new stake in shares of Genworth Financial during the 4th quarter valued at about $1,360,000. Rockefeller Capital Management L.P. raised its holdings in shares of Genworth Financial by 124.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 7,159 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 3,966 shares during the last quarter. Mcguire Capital Advisors Inc. bought a new position in Genworth Financial during the fourth quarter valued at approximately $320,000. Mercer Global Advisors Inc. ADV lifted its position in Genworth Financial by 32.4% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 42,014 shares of the financial services provider’s stock valued at $379,000 after purchasing an additional 10,271 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in Genworth Financial by 4.8% in the fourth quarter. Mackenzie Financial Corp now owns 92,585 shares of the financial services provider’s stock worth $841,000 after purchasing an additional 4,206 shares during the last quarter. Hedge funds and other institutional investors own 81.85% of the company’s stock.

Genworth Financial Company Profile

Genworth Financial (NYSE: GNW) is a leading financial security company offering a broad range of insurance products. Based in Richmond, Virginia, Genworth provides individuals and families with solutions designed to protect against long-term care expenses, secure life insurance needs and support homeownership through private mortgage insurance. With operations spanning the United States, Canada and Australia, the company serves both retail and institutional clients through a diversified portfolio of risk management services.

The company’s Private Mortgage Insurance (PMI) segment offers coverage to lenders and consumers in the US, Canada and Australia, enabling homebuyers to purchase properties with lower down payments.