Genworth Financial, Inc. (NYSE:GNW) registered a 4.17% increase, still its new closing price is 122.93% up from the company’s 1 year high of 5.27.It posted -1.96% losses in previous 5 sessions and is now the subject of 5 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 1 buy or better ratings. The 6 stock analysts following this company have an average price target at $4.89, with individual PT in the $4.25-$5.43 range. The shares moved at $3.50, implying that brokerage firms see shares gaining about 37.25% in twelve months time.
Genworth Financial, Inc. (GNW) SEC Form 4 News
The stock is getting much attention these days as insiders are adding shares while they posted a -8.14% fall year to date. A President and CEO; Director at Genworth Financial, Inc. (GNW) acquired shares in a transaction closed on Monday August 31, 2015. McInerney Thomas J bought 30,000 shares in the company at $5.21 each and collected $156,000 in proceeds. McInerney Thomas J now owns 143,962 shares in the company after this transaction. A Director in the company, PARKE JAMES A, disclosed a transaction on Wednesday August 26, 2015 that ended up paying $225,001 from the purchase of 50,000 shares at $4.51 per share.
Genworth Financial, Inc. (NYSE:GNW) Upcoming Results on Tap
Genworth Financial, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.23 in that period. Sales during the quarter are predicted to arrive at $2.12 billion.
Earnings surprise history: Last quarter, the company posted approximately $2.15 billion in revenue and EPS of $-0.81. The mean forecast was for $2.15 billion and $0.22 a share, respectively. One quarter earlier, revenue for the stock was at $2.24 billion, with earnings at $0.25/share.
Genworth Financial, Inc. (GNW) Brokerage Update
Genworth Financial, Inc. (GNW) is in UBS’s research list so their analyst rating change is noteworthy. These shares were downgraded to Sell from Neutral by UBS, according to news reported on Wednesday November 04, 2015.Another important research note was issued by Raymond James on Thursday August 06, 2015.The firm downgraded GNW to Outperform from Strong Buy. Over the last six months and over the last three months, the shares of Genworth Financial, Inc. (GNW), have changed 27.27% and -15.46%, respectively.