Genworth Financial (GNW) Sets New 1-Year Low at $3.10

Genworth Financial Inc (NYSE:GNW) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as $3.10 and last traded at $3.23, with a volume of 6298100 shares. The stock had previously closed at $3.11.

Several research firms have recently commented on GNW. ValuEngine downgraded Genworth Financial from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Wells Fargo & Co reiterated a “hold” rating on shares of Genworth Financial in a report on Monday, October 2nd. Zacks Investment Research upgraded Genworth Financial from a “strong sell” rating to a “hold” rating in a report on Tuesday. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $4.00 price objective on shares of Genworth Financial in a report on Tuesday, October 3rd. Finally, BTIG Research reiterated a “neutral” rating on shares of Genworth Financial in a report on Saturday, September 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Genworth Financial currently has a consensus rating of “Hold” and a consensus target price of $3.92.

The stock has a market capitalization of $1,570.00, a price-to-earnings ratio of 4.44, a PEG ratio of 0.76 and a beta of 2.81. 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 (NYSE:GNW) last announced its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.05). Genworth Financial had a net margin of 3.88% and a return on equity of 1.57%. The business had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter in the prior year, the firm earned ($0.81) EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. research analysts expect that Genworth Financial Inc will post 0.94 earnings per share for the current year.

A number of large investors have recently made changes to their positions in GNW. Southpoint Capital Advisors LP increased its holdings in Genworth Financial by 63.5% during the 2nd quarter. Southpoint Capital Advisors LP now owns 10,000,000 shares of the financial services provider’s stock valued at $37,700,000 after purchasing an additional 3,885,469 shares during the period. CNH Partners LLC increased its holdings in Genworth Financial by 67.1% during the 2nd quarter. CNH Partners LLC now owns 7,796,296 shares of the financial services provider’s stock valued at $29,392,000 after purchasing an additional 3,129,795 shares during the period. Vanguard Group Inc. increased its holdings in Genworth Financial by 7.0% during the 2nd quarter. Vanguard Group Inc. now owns 41,753,927 shares of the financial services provider’s stock valued at $157,413,000 after purchasing an additional 2,745,057 shares during the period. Prudential Financial Inc. increased its holdings in Genworth Financial by 21.2% during the 3rd quarter. Prudential Financial Inc. now owns 6,637,723 shares of the financial services provider’s stock valued at $25,555,000 after purchasing an additional 1,162,720 shares during the period. Finally, Amundi Pioneer Asset Management Inc. purchased a new position in Genworth Financial during the 3rd quarter valued at about $3,519,000. Institutional investors own 66.70% of the company’s stock.

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Genworth Financial Company Profile

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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