Genworth Financial Inc (NYSE:GNW)‘s stock had its “neutral” rating reaffirmed by BTIG Research in a research report issued to clients and investors on Saturday.
GNW has been the subject of a number of other reports. ValuEngine raised Genworth Financial from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. BidaskClub downgraded Genworth Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Zacks Investment Research raised Genworth Financial from a “hold” rating to a “buy” rating and set a $4.00 price objective for the company in a research report on Tuesday, September 5th. Finally, Off Wall Street assumed coverage on Genworth Financial in a research report on Monday, September 11th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $4.27.
Shares of Genworth Financial (NYSE:GNW) opened at 4.00 on Friday. The stock’s market capitalization is $2.00 billion. Genworth Financial has a one year low of $3.23 and a one year high of $5.27. The firm has a 50-day moving average price of $3.52 and a 200 day moving average price of $3.73.
Genworth Financial (NYSE:GNW) last released its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $0.30 earnings per share 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 during the quarter, compared to analysts’ expectations of $2.14 billion. During the same period in the previous year, the firm posted $0.39 earnings per share. The business’s revenue for the quarter was down .6% compared to the same quarter last year. On average, equities analysts expect that Genworth Financial will post $1.03 EPS for the current fiscal year.
ILLEGAL ACTIVITY WARNING: This news story was published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this news story on another domain, it was stolen and reposted in violation of United States & international trademark and copyright law. The original version of this news story can be viewed at https://www.chaffeybreeze.com/2017/09/16/genworth-financial-inc-gnw-stock-rating-reaffirmed-by-btig-research.html.
Institutional investors and hedge funds have recently modified their holdings of the business. Relative Value Partners Group LLC lifted its stake in shares of Genworth Financial by 55.7% during the first quarter. Relative Value Partners Group LLC now owns 25,150 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 9,000 shares in the last quarter. NEXT Financial Group Inc lifted its stake in shares of Genworth Financial by 0.5% during the second quarter. NEXT Financial Group Inc now owns 31,651 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 151 shares in the last quarter. Bayesian Capital Management LP acquired a new position in shares of Genworth Financial during the second quarter worth about $126,000. Shelton Capital Management acquired a new position in shares of Genworth Financial during the second quarter worth about $140,000. Finally, LS Investment Advisors LLC lifted its stake in shares of Genworth Financial by 18.0% during the second quarter. LS Investment Advisors LLC now owns 38,939 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 5,936 shares in the last quarter. Institutional investors own 67.59% of the company’s stock.
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.
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.