Genworth Financial Inc (NYSE:GNW) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Wednesday.
GNW has been the topic of a number of other research reports. ValuEngine raised Genworth Financial from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Zacks Investment Research raised Genworth Financial from a “hold” rating to a “buy” rating and set a $4.25 price objective on the stock in a research note on Thursday, May 4th. BTIG Research reissued a “neutral” rating on shares of Genworth Financial in a research note on Wednesday, April 19th. Finally, Wells Fargo & Company reissued a “hold” rating on shares of Genworth Financial in a research note on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $4.17.
Shares of Genworth Financial (GNW) opened at 3.42 on Wednesday. The firm has a 50-day moving average price of $3.51 and a 200 day moving average price of $3.75. Genworth Financial has a 12-month low of $3.22 and a 12-month high of $5.27. The firm’s market cap is $1.71 billion.
Genworth Financial (NYSE:GNW) last posted its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.08. Genworth Financial had a negative return on equity of 1.63% and a negative net margin of 1.66%. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the previous year, the business earned $0.39 EPS. The company’s quarterly revenue was down .6% compared to the same quarter last year. On average, equities research analysts anticipate that Genworth Financial will post $1.03 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the company. Relative Value Partners Group LLC raised its stake in shares of Genworth Financial by 55.7% in the first quarter. Relative Value Partners Group LLC now owns 25,150 shares of the financial services provider’s stock worth $103,000 after buying an additional 9,000 shares during the period. Atria Investments LLC raised its stake in shares of Genworth Financial by 99.1% in the first quarter. Atria Investments LLC now owns 25,336 shares of the financial services provider’s stock worth $104,000 after buying an additional 12,612 shares during the period. Tiedemann Wealth Management LLC raised its stake in shares of Genworth Financial by 72.0% in the first quarter. Tiedemann Wealth Management LLC now owns 26,041 shares of the financial services provider’s stock worth $107,000 after buying an additional 10,901 shares during the period. NEXT Financial Group Inc raised its stake in shares of Genworth Financial by 0.5% in the second quarter. NEXT Financial Group Inc now owns 31,651 shares of the financial services provider’s stock worth $119,000 after buying an additional 151 shares during the period. Finally, Bayesian Capital Management LP bought a new stake in shares of Genworth Financial during the second quarter worth about $126,000. 66.17% of the stock is currently 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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