Genworth Financial (GNW) Stock Price Up 5%

Genworth Financial Inc (NYSE:GNW) rose 5% during mid-day trading on Friday . The company traded as high as $3.35 and last traded at $3.34. Approximately 6,431,226 shares were traded during mid-day trading, an increase of 23% from the average daily volume of 5,209,954 shares. The stock had previously closed at $3.18.

GNW has been the topic of a number of research analyst reports. Wells Fargo & Co reaffirmed a “hold” rating on shares of Genworth Financial in a report on Monday, October 2nd. ValuEngine raised shares of Genworth Financial from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research cut shares of Genworth Financial from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $4.00 target price on shares of Genworth Financial in a report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Genworth Financial has an average rating of “Hold” and an average target price of $3.75.

The stock has a market capitalization of $1,670.00, a P/E ratio of 4.70, a P/E/G ratio of 0.71 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 (NYSE:GNW) last announced its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.05). Genworth Financial had a net margin of 3.88% and a return on equity of 1.57%. The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same quarter last year, the company posted ($0.81) EPS. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. analysts expect that Genworth Financial Inc will post 0.94 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in GNW. Bayesian Capital Management LP acquired a new position in Genworth Financial in the 2nd quarter valued at about $126,000. Shelton Capital Management acquired a new position in Genworth Financial in the 2nd quarter valued at about $140,000. Fondren Management LP acquired a new position in Genworth Financial in the 2nd quarter valued at about $189,000. Lazard Asset Management LLC acquired a new position in Genworth Financial in the 2nd quarter valued at about $222,000. Finally, Amalgamated Bank grew its stake in Genworth Financial by 1.2% in the 2nd quarter. Amalgamated Bank now owns 71,452 shares of the financial services provider’s stock valued at $269,000 after buying an additional 818 shares during the last quarter. Institutional investors and hedge funds own 66.70% of the company’s stock.

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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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