Genworth Financial Inc (NYSE:GNW)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $2.68, but opened at $2.75. Genworth Financial shares last traded at $3.00, with a volume of 7743588 shares trading hands.

Several research firms recently weighed in on GNW. Zacks Investment Research cut shares of Genworth Financial from a “hold” rating to a “strong sell” rating in a research note on Monday, November 6th. Wells Fargo & Co reaffirmed a “hold” rating on shares of Genworth Financial in a research note on Wednesday, November 29th. ValuEngine cut shares of Genworth Financial from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. BTIG Research reaffirmed a “hold” rating on shares of Genworth Financial in a research note on Thursday. Finally, TheStreet raised shares of Genworth Financial from a “d+” rating to a “c” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Genworth Financial has an average rating of “Hold” and a consensus price target of $3.75.

The company has a current ratio of 1.24, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. The company has a market cap of $1,380.00, a P/E ratio of 1.67, a price-to-earnings-growth ratio of 0.66 and a beta of 2.58.

Genworth Financial (NYSE:GNW) last released its quarterly earnings data on Tuesday, February 6th. The financial services provider reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.45. Genworth Financial had a net margin of 9.85% and a return on equity of 4.63%. The business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same quarter last year, the business earned ($0.27) earnings per share. Genworth Financial’s quarterly revenue was down 23.3% compared to the same quarter last year. research analysts anticipate that Genworth Financial Inc will post 0.9 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the business. Systematic Financial Management LP lifted its position in Genworth Financial by 4.9% during the fourth quarter. Systematic Financial Management LP now owns 454,580 shares of the financial services provider’s stock valued at $1,414,000 after purchasing an additional 21,385 shares during the last quarter. UBS Asset Management Americas Inc. lifted its position in Genworth Financial by 5.2% during the fourth quarter. UBS Asset Management Americas Inc. now owns 1,139,264 shares of the financial services provider’s stock valued at $3,543,000 after purchasing an additional 56,085 shares during the last quarter. BlackRock Inc. lifted its position in Genworth Financial by 11.2% during the fourth quarter. BlackRock Inc. now owns 54,184,339 shares of the financial services provider’s stock valued at $168,512,000 after purchasing an additional 5,446,174 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Genworth Financial by 18.5% during the fourth quarter. Bank of New York Mellon Corp now owns 7,030,319 shares of the financial services provider’s stock valued at $21,865,000 after purchasing an additional 1,099,278 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in Genworth Financial by 52.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 55,077 shares of the financial services provider’s stock valued at $171,000 after purchasing an additional 18,868 shares during the last quarter. Institutional investors and hedge funds own 66.66% of the company’s stock.

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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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