Genworth Financial (GNW) Trading -0.7% Higher

Genworth Financial Inc (NYSE:GNW) shares traded up 0.7% during trading on Thursday . The stock traded as high as $3.08 and last traded at $3.04. 1,977,539 shares were traded during mid-day trading, a decline of 53% from the average session volume of 4,199,071 shares. The stock had previously closed at $3.06.

Several research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Genworth Financial from a “hold” rating to a “buy” rating and set a $3.50 target price on the stock in a report on Wednesday, January 10th. BTIG Research reiterated a “hold” rating on shares of Genworth Financial in a report on Thursday, February 8th. Wells Fargo set a $3.00 target price on shares of Genworth Financial and gave the stock a “hold” rating in a report on Thursday, March 1st. ValuEngine downgraded shares of Genworth Financial from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. Finally, TheStreet upgraded shares of Genworth Financial from a “d+” rating to a “c” rating in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $3.50.

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The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.28. The firm has a market cap of $1,527.54, a price-to-earnings ratio of 1.79, a PEG ratio of 0.68 and a beta of 2.56.

Genworth Financial (NYSE:GNW) last posted its quarterly earnings data on Tuesday, February 6th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.45. Genworth Financial had a net margin of 9.85% and a return on equity of 4.63%. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the previous year, the firm posted ($0.27) EPS. The business’s revenue was down 23.3% compared to the same quarter last year. analysts expect that Genworth Financial Inc will post 0.9 earnings per share for the current year.

Large investors have recently bought and sold shares of the company. Webster Bank N. A. bought a new position in shares of Genworth Financial during the 4th quarter worth about $110,000. Xact Kapitalforvaltning AB bought a new position in shares of Genworth Financial during the 4th quarter worth about $162,000. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Genworth Financial by 52.1% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 55,077 shares of the financial services provider’s stock worth $171,000 after purchasing an additional 18,868 shares during the period. Commonwealth Equity Services Inc increased its holdings in shares of Genworth Financial by 54.2% during the 3rd quarter. Commonwealth Equity Services Inc now owns 73,215 shares of the financial services provider’s stock worth $281,000 after purchasing an additional 25,746 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Genworth Financial during the 3rd quarter worth about $325,000. Institutional investors own 67.10% 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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