Genworth Financial (NYSE:GNW – Free Report) had its price objective boosted by Keefe, Bruyette & Woods from $10.50 to $11.00 in a research note released on Wednesday morning,Benzinga reports. The firm currently has an outperform rating on the financial services provider’s stock.
Other analysts have also issued reports about the stock. Weiss Ratings upgraded shares of Genworth Financial from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Wall Street Zen upgraded shares of Genworth Financial from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Genworth Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.00.
Check Out Our Latest Research Report on GNW
Genworth Financial Stock Performance
Genworth Financial (NYSE:GNW – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.10. Genworth Financial had a net margin of 2.96% and a return on equity of 1.73%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.72 billion.
Institutional Investors Weigh In On Genworth Financial
A number of hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its position in shares of Genworth Financial by 1.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 26,493,475 shares of the financial services provider’s stock valued at $235,793,000 after acquiring an additional 270,062 shares during the period. Nuveen LLC grew its position in shares of Genworth Financial by 2.3% during the 4th quarter. Nuveen LLC now owns 9,781,111 shares of the financial services provider’s stock valued at $88,323,000 after acquiring an additional 223,279 shares during the period. American Century Companies Inc. grew its position in shares of Genworth Financial by 7.9% during the 3rd quarter. American Century Companies Inc. now owns 9,567,534 shares of the financial services provider’s stock valued at $85,151,000 after acquiring an additional 704,498 shares during the period. Gendell Jeffrey L grew its position in shares of Genworth Financial by 168.0% during the 4th quarter. Gendell Jeffrey L now owns 6,485,888 shares of the financial services provider’s stock valued at $58,568,000 after acquiring an additional 4,065,684 shares during the period. Finally, Norges Bank bought a new stake in shares of Genworth Financial during the 4th quarter valued at $45,912,000. Institutional investors own 81.85% of the company’s stock.
Genworth Financial Company Profile
Genworth Financial (NYSE: GNW) is a leading financial security company offering a broad range of insurance products. Based in Richmond, Virginia, Genworth provides individuals and families with solutions designed to protect against long-term care expenses, secure life insurance needs and support homeownership through private mortgage insurance. With operations spanning the United States, Canada and Australia, the company serves both retail and institutional clients through a diversified portfolio of risk management services.
The company’s Private Mortgage Insurance (PMI) segment offers coverage to lenders and consumers in the US, Canada and Australia, enabling homebuyers to purchase properties with lower down payments.
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