Genworth Financial (NYSE:GNW) Upgraded to Outperform at Keefe, Bruyette & Woods

Genworth Financial (NYSE:GNW - Get Free Report) was upgraded by analysts at Keefe, Bruyette & Woods from a "market perform" rating to an "outperform" rating in a note issued to investors on Wednesday,Finviz reports. The brokerage presently has a $9.00 target price on the financial services provider's stock. Keefe, Bruyette & Woods' price target would suggest a potential upside of 31.77% from the company's previous close.

Separately, Wall Street Zen lowered shares of Genworth Financial from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd.

Genworth Financial Price Performance

NYSE:GNW opened at $6.83 on Wednesday. The firm has a market cap of $2.83 billion, a PE ratio of 13.66 and a beta of 1.03. Genworth Financial has a 12 month low of $5.93 and a 12 month high of $7.90. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.16. The company's 50-day moving average price is $6.87 and its two-hundred day moving average price is $6.97.

Genworth Financial (NYSE:GNW - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.09). The firm had revenue of $1.76 billion during the quarter. Genworth Financial had a net margin of 2.97% and a return on equity of 2.53%.

Hedge Funds Weigh In On Genworth Financial

A number of large investors have recently modified their holdings of GNW. Jones Financial Companies Lllp acquired a new position in shares of Genworth Financial during the fourth quarter worth approximately $41,000. Byrne Asset Management LLC raised its stake in shares of Genworth Financial by 69.5% during the first quarter. Byrne Asset Management LLC now owns 7,595 shares of the financial services provider's stock worth $54,000 after buying an additional 3,115 shares during the last quarter. Abel Hall LLC bought a new stake in shares of Genworth Financial during the first quarter worth approximately $71,000. Blueshift Asset Management LLC bought a new stake in shares of Genworth Financial during the first quarter worth approximately $71,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of Genworth Financial by 279.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 10,494 shares of the financial services provider's stock worth $73,000 after buying an additional 7,729 shares during the last quarter. 81.85% of the stock is currently owned by institutional investors and hedge funds.

Genworth Financial Company Profile

Genworth Financial, Inc, together with its subsidiaries, provides mortgage and long-term care insurance products in the United States and internationally. It operates in three segments: Enact, Long-Term Care Insurance, and Life and Annuities. The Enact segment offers private mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans; and pool mortgage insurance products.

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