Keefe, Bruyette & Woods Increases Genworth Financial (NYSE:GNW) Price Target to $9.50

Genworth Financial (NYSE:GNW - Get Free Report) had its price objective upped by equities researchers at Keefe, Bruyette & Woods from $9.00 to $9.50 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an "outperform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' price objective indicates a potential upside of 24.59% from the company's current price.

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

Genworth Financial Stock Performance

GNW traded down $0.19 during trading hours on Wednesday, hitting $7.63. 2,806,075 shares of the stock were exchanged, compared to its average volume of 4,611,502. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 15.27 and a beta of 1.06. Genworth Financial has a 12 month low of $5.95 and a 12 month high of $8.08. The stock has a 50-day simple moving average of $7.21 and a 200-day simple moving average of $7.00.

Genworth Financial (NYSE:GNW - Get Free Report) last issued 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 business had revenue of $1.76 billion for the quarter. Genworth Financial had a net margin of 2.97% and a return on equity of 2.53%.

Institutional Trading of Genworth Financial

Several large investors have recently made changes to their positions in the business. Jones Financial Companies Lllp bought a new position in Genworth Financial in the fourth quarter valued at about $41,000. Byrne Asset Management LLC boosted its holdings in 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 position in Genworth Financial during the first quarter worth about $71,000. Blueshift Asset Management LLC bought a new position in shares of Genworth Financial during the 1st quarter valued at about $71,000. Finally, Strs Ohio bought a new position in shares of Genworth Financial during the 1st quarter valued at about $82,000. Institutional investors own 81.85% of the company's stock.

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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