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.

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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.

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Analyst Recommendations for Genworth Financial (NYSE:GNW)

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