The stock of Genworth Financial Inc (NYSE:GNW) is a huge mover today! About 14.57 million shares traded hands or 63.52% up from the average. Genworth Financial Inc (NYSE:GNW) has risen 122.48% since February 26, 2016 and is uptrending. It has outperformed by 112.05% the S&P500.
The move comes after 7 months positive chart setup for the $2.42B company. It was reported on Oct, 1 by Barchart.com. We have $6.57 PT which if reached, will make NYSE:GNW worth $822.80 million more.
Analysts await Genworth Financial Inc (NYSE:GNW) to report earnings on November, 3. They expect $0.18 EPS, up 38.46% or $0.05 from last year’s $0.13 per share. GNW’s profit will be $88.90M for 6.81 P/E if the $0.18 EPS becomes a reality. After $0.25 actual EPS reported by Genworth Financial Inc for the previous quarter, Wall Street now forecasts -28.00% negative EPS growth.
Genworth Financial Inc (NYSE:GNW) Ratings Coverage
Out of 8 analysts covering Genworth Financial (NYSE:GNW), 1 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 13% are positive. Genworth Financial has been the topic of 17 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of Genworth Financial Inc (NYSE:GNW) earned “Buy” rating by Compass Point on Monday, February 8. UBS maintained Genworth Financial Inc (NYSE:GNW) rating on Tuesday, September 8. UBS has “Neutral” rating and $5.25 price target. The firm has “Outperform” rating by Raymond James given on Thursday, August 6. The firm has “Neutral” rating by Goldman Sachs given on Tuesday, November 17. The stock has “Sell” rating given by UBS on Wednesday, November 4. The firm has “” rating by Wood given on Wednesday, September 2. As per Friday, September 23, the company rating was initiated by Wells Fargo. The firm has “Neutral” rating by Macquarie Research given on Wednesday, August 5. Compass Point downgraded the stock to “Neutral” rating in Monday, September 19 report. Compass Point maintained the shares of GNW in a report on Monday, August 10 with “Buy” rating.
According to Zacks Investment Research, “Genworth Financial is a leading insurance company in the U.S., with an expanding international presence, serving the life and lifestyle protection, retirement income, investment and mortgage insurance needs of their customers. They distribute their products and services through an extensive and diversified distribution network that includes financial intermediaries, independent producers and dedicated sales specialists.”
Insitutional Activity: The institutional sentiment increased to 1.25 in 2016 Q2. Its up 0.07, from 1.18 in 2016Q1. The ratio is positive, as 39 funds sold all Genworth Financial Inc shares owned while 67 reduced positions. 31 funds bought stakes while 101 increased positions. They now own 345.41 million shares or 5.30% less from 364.73 million shares in 2016Q1.
Davidson Garrard holds 28,871 shares or 0.02% of its portfolio. Commercial Bank Of New York Mellon Corp holds 5.15M shares or 0% of its portfolio. Moreover, Highbridge Mgmt has 0.05% invested in Genworth Financial Inc (NYSE:GNW) for 1.31M shares. Credit Agricole S A, a France-based fund reported 95,376 shares. Toronto Dominion Financial Bank has invested 0% of its portfolio in Genworth Financial Inc (NYSE:GNW). State Board Of Administration Of Florida Retirement System owns 406,692 shares or 0% of their US portfolio. First Allied Advisory last reported 0.01% of its portfolio in the stock. Evercore Na, a New York-based fund reported 2.52M shares. Huntington State Bank reported 1,200 shares or 0% of all its holdings. Allianz Asset Mngmt Ag last reported 1.27M shares in the company. Springbok Mgmt Lc has 0% invested in the company for 1,000 shares. Silvercrest Asset Mgmt Gp Limited Liability Corp last reported 142,200 shares in the company. Connable Office holds 11,955 shares or 0.01% of its portfolio. Teachers accumulated 0% or 843,362 shares. State Of New Jersey Common Pension Fund D owns 6.00M shares or 0.07% of their US portfolio.
Another recent and important Genworth Financial Inc (NYSE:GNW) news was published by Zacks.com which published an article titled: “Is Genworth Financial (GNW) Stock a Solid Choice Right Now?” on September 29, 2016.
GNW Company Profile
Genworth Financial, Inc., incorporated on December 5, 2012, provides mortgage insurance products that allow people to purchase homes. The Firm offers homeownership education and assistance programs, and offers individual and group long-term care insurance products to meet consumer needs for long-term care. The Firm operates through five divisions: U.S. Mortgage Insurance, Canada Mortgage Insurance, Australia Mortgage Insurance, U.S. Life Insurance and Runoff. The Company’s U.S. Mortgage Insurance offers mortgage insurance products insuring prime-based, individually underwritten residential mortgage loans (flow mortgage insurance) in the United States. The Company’s Canada Mortgage Insurance segment offers flow mortgage insurance and also provides bulk mortgage insurance that aids in the sale of mortgages to the capital markets and helps lenders manage capital and risk in Canada. The Company’s Australia Mortgage Insurance segment offers flow mortgage insurance and selectively provides bulk mortgage insurance in Australia that aids in the sale of mortgages to the capital markets and helps lenders manage capital and risk. The Company’s U.S. Life Insurance offers long-term care insurance products in the United States. The Runoff segment includes the results of non-strategic products, which are no longer sold.
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