The stock of Genworth Financial Inc (NYSE:GNW) is a huge mover today! About 2.04M shares traded hands. Genworth Financial Inc (NYSE:GNW) has risen 44.56% since April 26, 2016 and is uptrending. It has outperformed by 39.30% the S&P500.
The move comes after 8 months positive chart setup for the $2.09B company. It was reported on Nov, 29 by Barchart.com. We have $4.52 PT which if reached, will make NYSE:GNW worth $104.50M more.
Analysts await Genworth Financial Inc (NYSE:GNW) to report earnings on February, 2. They expect $0.20 EPS, up 217.65% or $0.37 from last year’s $-0.17 per share. GNW’s profit will be $97.21 million for 5.38 P/E if the $0.20 EPS becomes a reality. After $-0.81 actual EPS reported by Genworth Financial Inc for the previous quarter, Wall Street now forecasts -124.69% 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 19 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The rating was initiated by Goldman Sachs with “Neutral” on Tuesday, November 17. The rating was maintained by Compass Point on Monday, August 10 with “Buy”. The stock has “Neutral” rating given by Macquarie Research on Wednesday, August 5. Wood maintained Genworth Financial Inc (NYSE:GNW) on Wednesday, September 2 with “” rating. The stock of Genworth Financial Inc (NYSE:GNW) has “Buy” rating given on Friday, November 11 by Compass Point. The firm has “Outperform” rating by Raymond James given on Thursday, August 6. The stock of Genworth Financial Inc (NYSE:GNW) earned “Buy” rating by Compass Point on Monday, February 8. The stock has “Neutral” rating given by Macquarie Research on Thursday, September 17. Compass Point downgraded the stock to “Neutral” rating in Monday, September 19 report. BTIG Research downgraded the stock to “Neutral” rating in Wednesday, October 5 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 1.39 in Q2 2016. Its up 0.14, from 1.25 in 2016Q1. The ratio increased, 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.
Arizona State Retirement Sys accumulated 194,743 shares or 0.01% of the stock. State Treasurer State Of Michigan holds 254,862 shares or 0.01% of its portfolio. Voya Ltd Liability last reported 207,953 shares in the company. Ny State Teachers Retirement Systems holds 0.01% of its portfolio in Genworth Financial Inc (NYSE:GNW) for 895,617 shares. Janney Montgomery Scott Ltd Liability Co reported 11,793 shares or 0% of all its holdings. Commonwealth Equity Service holds 0% or 49,491 shares in its portfolio. The Connecticut-based Aqr Mngmt Limited has invested 0% in Genworth Financial Inc (NYSE:GNW). The Massachusetts-based Grantham Mayo Van Otterloo And Llc has invested 0% in Genworth Financial Inc (NYSE:GNW). M&T Natl Bank Corporation accumulated 20,680 shares or 0% of the stock. Blackrock Advsr Lc owns 5.27 million shares or 0.01% of their US portfolio. Old Mutual Customised Solutions (Proprietary) Limited accumulated 94,000 shares or 0.06% of the stock. Proshare Ltd Co last reported 0.01% of its portfolio in the stock. The Australia-based Amp Cap Ltd has invested 0% in Genworth Financial Inc (NYSE:GNW). Virginia Retirement Et Al last reported 65,500 shares in the company. Louisiana State Employees Retirement, a Louisiana-based fund reported 132,600 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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