Genworth Financial Inc (GNW) Lifted to Hold at ValuEngine
ValuEngine upgraded shares of Genworth Financial Inc (NYSE:GNW) from a sell rating to a hold rating in a research note issued to investors on Friday morning.
Several other research firms have also commented on GNW. BidaskClub lowered shares of Genworth Financial from a sell rating to a strong sell rating in a report on Wednesday, August 16th. Wells Fargo & Company reaffirmed a hold rating on shares of Genworth Financial in a report on Tuesday, August 1st. Finally, Zacks Investment Research lowered shares of Genworth Financial from a buy rating to a hold rating in a report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $4.17.
Genworth Financial (NYSE:GNW) traded up 2.33% during trading on Friday, reaching $3.51. 1,615,067 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $3.45 and a 200 day moving average price of $3.75. The stock’s market capitalization is $1.75 billion. Genworth Financial has a 1-year low of $3.22 and a 1-year high of $5.27.
Genworth Financial (NYSE:GNW) last released its earnings results on Tuesday, August 1st. The financial services provider reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.08. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.14 billion. Genworth Financial had a negative net margin of 1.66% and a negative return on equity of 1.63%. The company’s revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.39 EPS. Equities research analysts expect that Genworth Financial will post $1.03 earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: This news story was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this news story on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2017/09/04/genworth-financial-inc-gnw-lifted-to-hold-at-valuengine.html.
A number of institutional investors have recently bought and sold shares of GNW. Relative Value Partners Group LLC boosted its stake in Genworth Financial by 55.7% during the 1st quarter. Relative Value Partners Group LLC now owns 25,150 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 9,000 shares during the period. Tiedemann Wealth Management LLC boosted its stake in Genworth Financial by 72.0% during the 1st quarter. Tiedemann Wealth Management LLC now owns 26,041 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 10,901 shares during the period. NEXT Financial Group Inc boosted its stake in Genworth Financial by 0.5% during the 2nd quarter. NEXT Financial Group Inc now owns 31,651 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 151 shares during the period. Bayesian Capital Management LP acquired a new position in Genworth Financial during the 2nd quarter valued at about $126,000. Finally, Shelton Capital Management acquired a new position in Genworth Financial during the 2nd quarter valued at about $140,000. 67.59% 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Stock Ratings for Genworth Financial Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genworth Financial Inc and related stocks with our FREE daily email newsletter.