The stock of Genworth Financial Inc (NYSE:GNW) is a huge mover today! About 1.67M shares traded hands. Genworth Financial Inc (NYSE:GNW) has risen 59.36% since April 11, 2016 and is uptrending. It has outperformed by 53.22% the S&P500.
The move comes after 6 months positive chart setup for the $2.06 billion company. It was reported on Nov, 11 by Barchart.com. We have $5.41 PT which if reached, will make NYSE:GNW worth $659.20 million more.
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. The firm has “Neutral” rating by Goldman Sachs given on Tuesday, November 17. Macquarie Research upgraded the stock to “Neutral” rating in Wednesday, August 5 report. The stock of Genworth Financial Inc (NYSE:GNW) earned “Market Perform” rating by Wells Fargo on Friday, September 23. UBS downgraded the shares of GNW in a report on Wednesday, November 4 to “Sell” rating. The stock has “Neutral” rating given by Macquarie Research on Thursday, September 17. The company was maintained on Wednesday, September 2 by Wood. The firm earned “Neutral” rating on Tuesday, September 8 by UBS. Compass Point downgraded the shares of GNW in a report on Monday, September 19 to “Neutral” rating. BTIG Research downgraded the shares of GNW in a report on Wednesday, October 5 to “Neutral” rating. Compass Point maintained the stock with “Buy” rating in Monday, February 8 report.
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 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.
Highlander Cap Mgmt Limited Liability Corporation owns 7,475 shares or 0.02% of their US portfolio. Mitsubishi Ufj Tru Banking accumulated 0% or 95,679 shares. Advisor Prtnrs Ltd, a California-based fund reported 16,382 shares. Clinton Grp holds 0.08% of its portfolio in Genworth Financial Inc (NYSE:GNW) for 692,611 shares. Moreover, State Of New Jersey Common Pension Fund D has 0.07% invested in Genworth Financial Inc (NYSE:GNW) for 6.00M shares. Ifc Fl has 10,000 shares for 0% of their US portfolio. Virginia Retirement Sys Et Al holds 0% of its portfolio in Genworth Financial Inc (NYSE:GNW) for 65,500 shares. Commonwealth Equity Services holds 49,491 shares or 0% of its portfolio. Quantbot Tech Ltd Partnership has invested 0.02% of its portfolio in Genworth Financial Inc (NYSE:GNW). Lsv Asset has 3.07 million shares for 0.02% of their US portfolio. Aberdeen Asset Management Public Limited Co Uk has invested 0% of its portfolio in Genworth Financial Inc (NYSE:GNW). Acadian Asset Mngmt Lc has invested 0.01% of its portfolio in Genworth Financial Inc (NYSE:GNW). First Company last reported 0.01% of its portfolio in the stock. Blackrock Japan Ltd holds 0% or 94,644 shares in its portfolio. Gsa Cap Ptnrs Llp holds 0.07% of its portfolio in Genworth Financial Inc (NYSE:GNW) for 515,670 shares.
More recent Genworth Financial Inc (NYSE:GNW) news were published by: Wsj.com which released: “China Oceanwide to Buy Genworth Financial for $2.7 Billion” on October 23, 2016. Also Investorplace.com published the news titled: “3 Stocks to Watch Monday: Genworth Financial Inc (GNW), TD Ameritrade Holding …” on October 24, 2016. Insurancenewsnet.com‘s news article titled: “Robbins Arroyo LLP: Acquisition of Genworth Financial, Inc. GNW by China …” with publication date: November 03, 2016 was also an interesting one.
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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