Genworth Financial Inc (GNW) Downgraded to Sell at BidaskClub

BidaskClub cut shares of Genworth Financial Inc (NYSE:GNW) from a hold rating to a sell rating in a research note published on Wednesday.

A number of other equities research analysts have also 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 report on Tuesday, March 7th. BTIG Research reiterated a neutral rating on shares of Genworth Financial in a research report on Wednesday, April 19th. Wells Fargo & Company reiterated a hold rating on shares of Genworth Financial in a research report on Tuesday, May 2nd. Finally, ValuEngine upgraded shares of Genworth Financial from a strong sell rating to a sell rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $4.17.

Genworth Financial (GNW) traded up 3.276% during midday trading on Wednesday, reaching $3.625. 2,253,336 shares of the company’s stock traded hands. The firm’s 50-day moving average is $3.66 and its 200-day moving average is $3.87. The company’s market capitalization is $1.81 billion. Genworth Financial has a 1-year low of $2.26 and a 1-year high of $5.27.

Genworth Financial (NYSE:GNW) last released its quarterly earnings data on Tuesday, May 2nd. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.07. Genworth Financial had a negative net margin of 2.00% and a negative return on equity of 1.75%. The firm had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.15 billion. Analysts forecast that Genworth Financial will post $0.96 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “Genworth Financial Inc (GNW) Downgraded to Sell at BidaskClub” was originally reported by Mideast Time and is owned by of Mideast Time. If you are viewing this article on another publication, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this article can be viewed at https://www.mideasttime.com/genworth-financial-inc-gnw-downgraded-to-sell-at-bidaskclub/1802642.html.

Large investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. bought a new stake in shares of Genworth Financial during the fourth quarter worth $2,959,000. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Genworth Financial by 20.7% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 38,774 shares of the financial services provider’s stock worth $148,000 after buying an additional 6,657 shares in the last quarter. Comerica Bank boosted its stake in shares of Genworth Financial by 5.9% in the fourth quarter. Comerica Bank now owns 378,740 shares of the financial services provider’s stock worth $1,469,000 after buying an additional 21,214 shares in the last quarter. State Street Corp boosted its stake in shares of Genworth Financial by 8.7% in the fourth quarter. State Street Corp now owns 21,936,854 shares of the financial services provider’s stock worth $83,578,000 after buying an additional 1,751,256 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Genworth Financial by 35.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 12,717,442 shares of the financial services provider’s stock worth $48,456,000 after buying an additional 3,328,178 shares in the last quarter. Institutional investors and hedge funds own 66.88% 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “GNW”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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.



Leave a Reply

 
© 2006-2017 Mideast Time.