Genworth Financial Inc (GNW) is Reiterated by Compass Point to Buy, Lowers Price Target to $ 5.25

Genworth Financial Inc (GNW) was Reiterated by Compass Point to “Buy” while Lowering the Price Target of the company shares to $ 5.25 from a previous price target of $5.50 . Compass Point advised their investors in a research report released on May 5, 2016.

Many Wall Street Analysts have commented on Genworth Financial Inc. Shares were Reiterated by Compass Point on Feb 8, 2016 to “Buy” and Lowered the Price Target to $ 5.50 from a previous price target of $7.50 .

On the company’s financial health, Genworth Financial Inc reported $0.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.15. The company had revenue of $1785.00 million for the quarter, compared to analysts expectations of $2150.82 million. The company’s revenue was down -16.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.31 EPS.

Genworth Financial Inc closed down -0.07 points or -1.72% at $3.99 with 1,27,45,430 shares getting traded on Wednesday. Post opening the session at $3.97, the shares hit an intraday low of $3.9 and an intraday high of $4.2 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Sep 2, 2015, Thomas J Mcinerney (CEO) purchased 30,000 shares at $5.21 per share price. According to the SEC, on Aug 26, 2015, Michael S Laming (EVP – Human Resources) purchased 25,000 shares at $4.50 per share price. On Aug 26, 2015, James A Parke (director) purchased 50,000 shares at $4.51 per share price, according to the Form-4 filing with the securities and exchange commission.

Genworth Financial Inc. is engaged in providing the insurance retirement and homeownership needs of its customers. The Company operates through three divisions: U.S. Life Insurance Global Mortgage Insurance and Corporate and Other. The Company operates in segments: U.S. Life Insurance in which it offers and manages a variety of insurance and fixed annuity products in the United States; International Mortgage Insurance in which it provides mortgage insurance products and related services in Canada and Australia and also in select European and other countries; U.S. Mortgage Insurance in which it offers mortgage insurance products predominantly insuring prime-based individually underwritten residential mortgage loans; International Protection in which it provides payment protection coverages and Runoff which includes the results of non-strategic products which are no longer actively sold.

Genworth Financial Inc

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