Brokerages Set Genworth Financial Inc (GNW) Target Price at $3.75
Genworth Financial Inc (NYSE:GNW) has received an average recommendation of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $3.75.
GNW has been the topic of a number of analyst reports. ValuEngine downgraded Genworth Financial from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Wells Fargo & Co restated a “hold” rating on shares of Genworth Financial in a research note on Wednesday, November 29th. Finally, Zacks Investment Research downgraded Genworth Financial from a “hold” rating to a “strong sell” rating in a research note on Monday, November 6th.
Genworth Financial (GNW) traded up $0.35 during trading on Friday, hitting $3.10. The company had a trading volume of 3,163,821 shares, compared to its average volume of 4,342,454. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.28. Genworth Financial has a 12-month low of $2.75 and a 12-month high of $4.23. The stock has a market capitalization of $1,437.58, a P/E ratio of 4.10, a PEG ratio of 0.64 and a beta of 2.58.
Institutional investors have recently bought and sold shares of the stock. Webster Bank N. A. purchased a new stake in shares of Genworth Financial in the fourth quarter valued at approximately $110,000. Shelton Capital Management acquired a new position in Genworth Financial during the second quarter worth $140,000. Fondren Management LP acquired a new position in Genworth Financial during the second quarter worth $189,000. Shell Asset Management Co. acquired a new position in Genworth Financial during the third quarter worth $914,000. Finally, Amalgamated Bank raised its holdings in Genworth Financial by 1.2% during the second quarter. Amalgamated Bank now owns 71,452 shares of the financial services provider’s stock worth $269,000 after purchasing an additional 818 shares during the last quarter. Hedge funds and other institutional investors own 66.66% of the company’s stock.
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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.
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