Genworth Financial Inc (GNW) Stock Rating Reaffirmed by BTIG Research

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.

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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.

Analyst Recommendations for Genworth Financial (NYSE:GNW)

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