Genworth Financial Inc (GNW) Receives Average Rating of “Hold” from Brokerages

Genworth Financial Inc (NYSE:GNW) has been given a consensus recommendation of “Hold” by the seven brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $4.00.

A number of research firms have issued reports on GNW. ValuEngine downgraded Genworth Financial from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Wells Fargo & Co reiterated a “hold” rating on shares of Genworth Financial in a research note on Monday, October 2nd. Zacks Investment Research upgraded Genworth Financial from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $4.00 price target on shares of Genworth Financial in a research note on Tuesday, October 3rd. Finally, BTIG Research reiterated a “neutral” rating on shares of Genworth Financial in a research note on Saturday, September 16th.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bayesian Capital Management LP purchased a new position in shares of Genworth Financial in the 2nd quarter worth approximately $126,000. Shelton Capital Management purchased a new position in shares of Genworth Financial in the 2nd quarter worth approximately $140,000. Fondren Management LP purchased a new position in shares of Genworth Financial in the 2nd quarter worth approximately $189,000. Lazard Asset Management LLC purchased a new position in shares of Genworth Financial in the 2nd quarter worth approximately $222,000. Finally, Shell Asset Management Co. purchased a new position in shares of Genworth Financial in the 3rd quarter worth approximately $914,000. Hedge funds and other institutional investors own 66.70% of the company’s stock.

Genworth Financial (NYSE GNW) opened at $3.12 on Wednesday. The stock has a market capitalization of $1,560.00, a PE ratio of 4.39, a price-to-earnings-growth ratio of 0.76 and a beta of 2.81. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.28. Genworth Financial has a 12 month low of $3.01 and a 12 month high of $4.23.

Genworth Financial (NYSE:GNW) last released its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.05). The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.12 billion. Genworth Financial had a net margin of 3.88% and a return on equity of 1.57%. Genworth Financial’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.81) EPS. equities research analysts expect that Genworth Financial will post 0.94 earnings per share for the current fiscal year.

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Genworth Financial Company Profile

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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