Genworth Financial (GNW) Raised to “Hold” at ValuEngine

ValuEngine upgraded shares of Genworth Financial (NYSE:GNW) from a sell rating to a hold rating in a research report released on Friday.

Separately, Zacks Investment Research raised Genworth Financial from a hold rating to a buy rating and set a $5.25 price objective on the stock in a research report on Thursday, January 3rd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Genworth Financial presently has a consensus rating of Hold and an average price target of $5.13.

Shares of Genworth Financial stock opened at $4.61 on Friday. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 12.81 and a beta of 1.60. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.27. Genworth Financial has a 52 week low of $2.66 and a 52 week high of $5.02.



Genworth Financial (NYSE:GNW) last announced its quarterly earnings data on Tuesday, February 5th. The financial services provider reported ($0.58) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.84). The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.11 billion. Genworth Financial had a net margin of 1.41% and a return on equity of 1.23%. The business’s revenue was up 19.4% compared to the same quarter last year. During the same period last year, the company earned $0.65 EPS. On average, equities analysts expect that Genworth Financial will post 1.02 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the business. Founders Capital Management lifted its holdings in shares of Genworth Financial by 4,000.0% in the 4th quarter. Founders Capital Management now owns 12,300 shares of the financial services provider’s stock worth $57,000 after buying an additional 12,000 shares during the period. Paulson Wealth Management Inc. purchased a new stake in shares of Genworth Financial in the 4th quarter worth $62,000. Standard Life Aberdeen plc purchased a new stake in shares of Genworth Financial in the 3rd quarter worth $74,000. Gamco Investors INC. ET AL lifted its holdings in shares of Genworth Financial by 29.2% in the 4th quarter. Gamco Investors INC. ET AL now owns 21,000 shares of the financial services provider’s stock worth $98,000 after buying an additional 4,750 shares during the period. Finally, Piedmont Investment Advisors Inc. purchased a new stake in shares of Genworth Financial in the 4th quarter worth $103,000. Institutional investors and hedge funds own 64.93% 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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