The stock of Genworth Financial Inc (NYSE:GNW) is a huge mover today! About 3.25M shares traded hands. Genworth Financial Inc (NYSE:GNW) has risen 89.45% since March 8, 2016 and is uptrending. It has outperformed by 80.14% the S&P500.
The move comes after 7 months positive chart setup for the $2.62 billion company. It was reported on Oct, 11 by Barchart.com. We have $8.28 PT which if reached, will make NYSE:GNW worth $1.60B 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 $91.75 million for 7.14 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), 0 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 0 are positive. Genworth Financial has been the topic of 18 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Goldman Sachs initiated the shares of GNW in a report on Tuesday, November 17 with “Neutral” rating. Compass Point maintained it with “Buy” rating and $5.50 target price in Monday, February 8 report. Wells Fargo initiated Genworth Financial Inc (NYSE:GNW) on Friday, September 23 with “Market Perform” rating. On Tuesday, September 8 the stock rating was maintained by UBS with “Neutral”. The stock has “” rating given by Wood on Wednesday, September 2. On Monday, September 19 the stock rating was downgraded by Compass Point to “Neutral”. The stock of Genworth Financial Inc (NYSE:GNW) earned “Buy” rating by Compass Point on Monday, August 10. The rating was maintained by Macquarie Research with “Neutral” on Thursday, September 17. The firm has “Sell” rating by UBS given on Wednesday, November 4. The stock of Genworth Financial Inc (NYSE:GNW) earned “Outperform” rating by Raymond James on Thursday, August 6.
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 Q2 2016. Its up 0.07, from 1.18 in 2016Q1. The ratio improved, 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.
The California-based Blackrock Institutional Tru Na has invested 0.01% in Genworth Financial Inc (NYSE:GNW). Goldman Sachs Group has 0.01% invested in the company for 6.66M shares. Wells Fargo Com Mn accumulated 0% or 418,732 shares. Parametric Port Associates Limited Liability Com last reported 0.01% of its portfolio in the stock. Sei Invs Com reported 10,677 shares or 0% of all its holdings. Principal Fin Gru holds 0.01% or 1.86 million shares in its portfolio. Quantitative Inv Mngmt Llc holds 0.02% or 203,100 shares in its portfolio. Moreover, Assetmark has 0% invested in Genworth Financial Inc (NYSE:GNW) for 267 shares. Vanguard Gru Inc holds 0.01% or 36.01M shares in its portfolio. Amp Cap Investors last reported 160,475 shares in the company. Blackrock Grp Incorporated Limited holds 0% or 2.07M shares in its portfolio. The New York-based Eos Mngmt L P has invested 0.21% in Genworth Financial Inc (NYSE:GNW). Moreover, Barclays Public Limited has 0% invested in Genworth Financial Inc (NYSE:GNW) for 651,329 shares. Federated Investors Inc Pa has 0% invested in the company for 508,988 shares. Moreover, Grantham Mayo Van Otterloo Com has 0% invested in Genworth Financial Inc (NYSE:GNW) for 254,334 shares.
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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