Compass Point lowered shares of Genworth Financial Inc. (NYSE:GNW) from a buy rating to a neutral rating in a research report sent to investors on Monday morning.

Analyst Recommendations for Genworth Financial (NYSE:GNW)

GNW has been the subject of several other reports. Morgan Stanley reissued a neutral rating on shares of Genworth Financial in a research report on Wednesday, August 3rd. Zacks Investment Research raised shares of Genworth Financial from a strong sell rating to a hold rating in a research report on Wednesday, July 13th. Keefe, Bruyette & Woods restated a market perform rating and set a $3.50 price target on shares of Genworth Financial in a report on Monday, September 5th. JPMorgan Chase & Co. restated a hold rating on shares of Genworth Financial in a report on Wednesday, August 3rd. Finally, BTIG Research restated a buy rating and set a $5.00 price target on shares of Genworth Financial in a report on Thursday, August 4th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $5.46.

Genworth Financial (NYSE:GNW) opened at 4.94 on Monday. The stock’s 50 day moving average is $4.20 and its 200 day moving average is $3.35. The company’s market capitalization is $2.46 billion. Genworth Financial has a one year low of $1.57 and a one year high of $5.75.

Genworth Financial (NYSE:GNW) last posted its earnings results on Tuesday, August 2nd. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.21 by $0.04. The company earned $2.24 billion during the quarter, compared to the consensus estimate of $2.09 billion. Genworth Financial had a negative net margin of 4.24% and a positive return on equity of 1.32%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.24 earnings per share. On average, analysts anticipate that Genworth Financial will post $0.88 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Genworth Financial by 6.0% in the second quarter. Vanguard Group Inc. now owns 36,006,431 shares of the company’s stock worth $92,895,000 after buying an additional 2,028,101 shares during the last quarter. State Street Corp boosted its position in Genworth Financial by 16.9% in the second quarter. State Street Corp now owns 21,007,742 shares of the company’s stock worth $54,201,000 after buying an additional 3,035,196 shares during the last quarter. BlackRock Fund Advisors boosted its position in Genworth Financial by 26.0% in the second quarter. BlackRock Fund Advisors now owns 20,472,445 shares of the company’s stock worth $52,819,000 after buying an additional 4,223,090 shares during the last quarter. Solus Alternative Asset Management LP boosted its position in Genworth Financial by 57.6% in the first quarter. Solus Alternative Asset Management LP now owns 15,000,000 shares of the company’s stock worth $40,950,000 after buying an additional 5,483,200 shares during the last quarter. Finally, Shah Capital Management boosted its position in Genworth Financial by 13.8% in the second quarter. Shah Capital Management now owns 5,341,800 shares of the company’s stock worth $13,781,000 after buying an additional 649,556 shares during the last quarter. Hedge funds and other institutional investors own 73.27% of the company’s stock.

About Genworth Financial

Genworth Financial, Inc (Genworth) is a financial security company. The Company provides insurance, wealth management, investment and financial solutions. As of December 31, 2011, the Company had more than 15 million customers, with a presence in more than 25 countries. The Company operates in Insurance, Mortgage Insurance and Corporate and Runoff.

5 Day Chart for NYSE:GNW

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