Genworth Financial Inc (GNW) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Genworth Financial Inc (NYSE:GNW) have been assigned an average rating of “Hold” from the eight brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $5.00.

A number of brokerages recently issued reports on GNW. BTIG Research reissued a “hold” rating on shares of Genworth Financial in a research note on Tuesday. Wells Fargo & Co reissued a “hold” rating and set a $5.00 price target (up from $3.00) on shares of Genworth Financial in a research note on Wednesday, June 6th. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Genworth Financial in a research note on Thursday, April 12th. ValuEngine lowered Genworth Financial from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. Finally, Zacks Investment Research lowered Genworth Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th.

Shares of GNW stock traded up $0.01 on Friday, reaching $4.71. 5,619,326 shares of the company’s stock were exchanged, compared to its average volume of 4,035,613. Genworth Financial has a 52 week low of $2.66 and a 52 week high of $4.92. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market capitalization of $2.41 billion, a P/E ratio of 3.39, a P/E/G ratio of 1.05 and a beta of 2.44.

Genworth Financial (NYSE:GNW) last issued its quarterly earnings results on Tuesday, May 1st. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.01). Genworth Financial had a return on equity of 4.50% and a net margin of 9.39%. The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same period in the prior year, the business posted $0.29 earnings per share. Genworth Financial’s revenue was down 2.6% on a year-over-year basis. sell-side analysts forecast that Genworth Financial will post 0.92 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Landscape Capital Management L.L.C. increased its holdings in Genworth Financial by 27.5% during the 4th quarter. Landscape Capital Management L.L.C. now owns 312,703 shares of the financial services provider’s stock worth $973,000 after purchasing an additional 67,531 shares during the period. Arizona State Retirement System increased its holdings in Genworth Financial by 27.0% during the 4th quarter. Arizona State Retirement System now owns 359,273 shares of the financial services provider’s stock worth $1,117,000 after purchasing an additional 76,331 shares during the period. Alliancebernstein L.P. increased its holdings in Genworth Financial by 74.5% during the 4th quarter. Alliancebernstein L.P. now owns 1,378,042 shares of the financial services provider’s stock worth $4,286,000 after purchasing an additional 588,110 shares during the period. Cutler Capital Management LLC increased its holdings in Genworth Financial by 25.0% during the 4th quarter. Cutler Capital Management LLC now owns 200,000 shares of the financial services provider’s stock worth $622,000 after purchasing an additional 40,000 shares during the period. Finally, Guggenheim Capital LLC increased its holdings in Genworth Financial by 100.2% during the 4th quarter. Guggenheim Capital LLC now owns 1,600,543 shares of the financial services provider’s stock worth $4,978,000 after purchasing an additional 801,200 shares during the period. Institutional investors own 65.57% of the company’s stock.

Genworth Financial Company Profile

Genworth Financial, Inc provides insurance and homeownership solutions in the United States and internationally. It operates through five segments: U.S. Mortgage Insurance, Canada Mortgage Insurance, Australia Mortgage Insurance, U.S. Life Insurance, and Runoff. The U.S. Mortgage Insurance segment offers mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans.

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