November 29, 2016 - By Ellis Scott · 0 Comments
Genworth Financial Inc (NYSE:GNW) institutional sentiment increased to 1.39 in Q2 2016. Its up 0.14, from 1.25 in 2016Q1. The ratio is more positive, as 132 investment professionals opened new or increased positions, while 106 decreased and sold their holdings in Genworth Financial Inc. The investment professionals in our partner’s database now possess: 345.41 million shares, down from 364.73 million shares in 2016Q1. Also, the number of investment professionals holding Genworth Financial Inc in their top 10 positions was flat from 2 to 2 for the same number . Sold All: 39 Reduced: 67 Increased: 101 New Position: 31.
Genworth Financial, Inc. provides mortgage insurance products. The company has a market cap of $2.09 billion. The Firm operates through five divisions: U.S. It currently has negative earnings. Mortgage Insurance, Canada Mortgage Insurance, Australia Mortgage Insurance, U.S.
The stock decreased 2.52% or $0.11 during the last trading session, hitting $4.25. Genworth Financial Inc (NYSE:GNW) has risen 44.56% since April 26, 2016 and is uptrending. It has outperformed by 39.30% the S&P500.
Analysts await Genworth Financial Inc (NYSE:GNW) to report earnings on February, 2. They expect $0.20 EPS, up 217.65% or $0.37 from last year’s $-0.17 per share. GNW’s profit will be $98.35M for 5.31 P/E if the $0.20 EPS becomes a reality. After $-0.81 actual EPS reported by Genworth Financial Inc for the previous quarter, Wall Street now forecasts -124.69% EPS growth.
According to Zacks Investment Research, “Genworth Financial is a leading insurance company in the U.S., with an expanding international presence, serving the life and lifestyle protection, retirement income, investment and mortgage insurance needs of their customers. They distribute their products and services through an extensive and diversified distribution network that includes financial intermediaries, independent producers and dedicated sales specialists.”
Shah Capital Management holds 9.78% of its portfolio in Genworth Financial Inc for 4.69 million shares. Solus Alternative Asset Management Lp owns 15.00 million shares or 8.6% of their US portfolio. Moreover, New Generation Advisors Llc has 2.01% invested in the company for 1.23 million shares. The New York-based Valueworks Llc has invested 2% in the stock. Lmm Llc, a Maryland-based fund reported 15.63 million shares.#img1#
Ratings analysis reveals 13% of Genworth Financial’s analysts are positive. Out of 8 Wall Street analysts rating Genworth Financial, 1 give it “Buy”, 1 “Sell” rating, while 6 recommend “Hold”. The lowest target is $1.75 while the high is $9. The stock’s average target of $5.42 is 27.53% above today’s ($4.25) share price. GNW was included in 19 notes of analysts from August 5, 2015. The firm earned “Neutral” rating on Tuesday, September 8 by UBS. As per Thursday, August 6, the company rating was downgraded by Raymond James. The stock of Genworth Financial Inc (NYSE:GNW) earned “Neutral” rating by Macquarie Research on Thursday, September 17. The stock of Genworth Financial Inc (NYSE:GNW) has “Buy” rating given on Monday, February 8 by Compass Point. The company was downgraded on Monday, September 19 by Compass Point. The stock has “” rating given by Wood on Wednesday, September 2. The rating was initiated by Goldman Sachs on Tuesday, November 17 with “Neutral”. On Friday, November 11 the stock rating was upgraded by Compass Point to “Buy”. The stock of Genworth Financial Inc (NYSE:GNW) has “Neutral” rating given on Wednesday, October 5 by BTIG Research. On Wednesday, November 4 the stock rating was downgraded by UBS to “Sell”.
Genworth Financial, Inc., incorporated on December 5, 2012, provides mortgage insurance products that allow people to purchase homes. The Firm offers homeownership education and assistance programs, and offers individual and group long-term care insurance products to meet consumer needs for long-term care. The Firm operates through five divisions: U.S. Mortgage Insurance, Canada Mortgage Insurance, Australia Mortgage Insurance, U.S. Life Insurance and Runoff. The Company’s U.S. Mortgage Insurance offers mortgage insurance products insuring prime-based, individually underwritten residential mortgage loans (flow mortgage insurance) in the United States. The Company’s Canada Mortgage Insurance segment offers flow mortgage insurance and also provides bulk mortgage insurance that aids in the sale of mortgages to the capital markets and helps lenders manage capital and risk in Canada. The Company’s Australia Mortgage Insurance segment offers flow mortgage insurance and selectively provides bulk mortgage insurance in Australia that aids in the sale of mortgages to the capital markets and helps lenders manage capital and risk. The Company’s U.S. Life Insurance offers long-term care insurance products in the United States. The Runoff segment includes the results of non-strategic products, which are no longer sold.
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By Ellis Scott