Genworth Financial (GNW) Receiving Favorable News Coverage, Report Finds

News coverage about Genworth Financial (NYSE:GNW) has been trending positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Genworth Financial earned a news impact score of 0.26 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 68 out of 100, meaning that recent news coverage is likely to have an impact on the company’s share price in the next several days.

Here are some of the headlines that may have effected Accern Sentiment’s analysis:

Genworth Financial (NYSE GNW) traded down 0.29% during trading on Friday, reaching $3.48. 2,488,703 shares of the company’s stock traded hands. Genworth Financial has a 12 month low of $3.23 and a 12 month high of $5.27. The stock’s market capitalization is $1.74 billion. The company has a 50-day moving average of $3.54 and a 200 day moving average of $3.75.

Genworth Financial (NYSE:GNW) last issued its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 company 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 earned $0.39 EPS. Genworth Financial’s revenue was down .6% on a year-over-year basis. On average, equities research analysts expect that Genworth Financial will post $1.02 earnings per share for the current fiscal year.

Several research firms have recently commented on GNW. BTIG Research restated a “neutral” rating on shares of Genworth Financial in a research note on Wednesday, April 19th. ValuEngine upgraded shares of 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, May 2nd. BidaskClub cut shares of Genworth Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, Zacks Investment Research upgraded shares of Genworth Financial from a “hold” rating to a “buy” rating and set a $4.25 price target for the company in a report on Thursday, May 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $4.17.

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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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