Genworth Financial Inc. (NYSE:GNW) was upgraded by equities research analysts at Compass Point from a “neutral” rating to a “buy” rating in a note issued to investors on Friday. The brokerage presently has a $4.09 price objective on the stock, up from their prior price objective of $4.00. Compass Point’s target price indicates a potential downside of 5.10% from the company’s previous close.

GNW has been the topic of several other research reports. Wells Fargo & Co. initiated coverage on shares of Genworth Financial in a research note on Friday, September 23rd. They set a “market perform” rating on the stock. BTIG Research set a $5.00 target price on shares of Genworth Financial and gave the stock a “hold” rating in a research note on Monday, October 24th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $3.50 target price on shares of Genworth Financial in a research note on Monday, September 5th. Zacks Investment Research downgraded shares of Genworth Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, September 14th. Finally, Goldman Sachs Group Inc. upped their target price on shares of Genworth Financial from $3.00 to $4.00 and gave the stock a “neutral” rating in a research note on Friday, September 23rd. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Genworth Financial currently has a consensus rating of “Hold” and a consensus target price of $4.42.

Analyst Recommendations for Genworth Financial (NYSE:GNW)

Shares of Genworth Financial (NYSE:GNW) opened at 4.31 on Friday. The stock’s market cap is $2.15 billion. Genworth Financial has a 52 week low of $1.57 and a 52 week high of $5.27. The stock’s 50 day moving average is $4.68 and its 200 day moving average is $3.90.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. acquired a new stake in shares of Genworth Financial during the third quarter worth approximately $29,761,000. Solus Alternative Asset Management LP boosted its stake in shares of Genworth Financial by 57.6% in the first quarter. Solus Alternative Asset Management LP now owns 15,000,000 shares of the company’s stock worth $40,950,000 after buying an additional 5,483,200 shares in the last quarter. BlackRock Fund Advisors boosted its stake in shares of Genworth Financial by 26.0% in the second quarter. BlackRock Fund Advisors now owns 20,472,445 shares of the company’s stock worth $52,819,000 after buying an additional 4,223,090 shares in the last quarter. State Street Corp boosted its stake in shares of Genworth Financial by 16.9% in the second quarter. State Street Corp now owns 21,007,742 shares of the company’s stock worth $54,201,000 after buying an additional 3,035,196 shares in the last quarter. Finally, Teachers Advisors LLC boosted its stake in shares of Genworth Financial by 310.0% in the third quarter. Teachers Advisors LLC now owns 3,458,167 shares of the company’s stock worth $17,153,000 after buying an additional 2,614,805 shares in the last quarter. 73.78% of the stock is owned by hedge funds and other institutional investors.

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.

5 Day Chart for NYSE:GNW

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