Genworth Financial Inc (GNW) : 1 brokerage houses believe that Genworth Financial Inc (GNW) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Genworth Financial Inc (GNW). Zacks Investment Research suggests a Buy with a rank of 2. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 4 Wall Street Analysts endorse the stock as a Hold with a rating of 3.
Genworth Financial Inc (GNW) : The most positive equity analysts on Genworth Financial Inc (GNW) expects the shares to touch $8, whereas, the least positive believes that the stock will trade at $2 in the short term. The company is covered by 4 Wall Street Brokerage Firms. The average price target for shares are $4.88 with an expected fluctuation of $2.49 from the mean.
Company shares have received an average consensus rating of Hold for the current week Genworth Financial Inc (NYSE:GNW): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $3.54 and $3.48 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $3.60. The buying momentum continued till the end and the stock did not give up its gains. It closed at $3.54, notching a gain of 0.28% for the day. The total traded volume was 3,641,176 . The stock had closed at $3.53 on the previous day.
In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the CEO of Genworth Financial Inc, Mcinerney Thomas J had purchased shares worth of $156,300 in a transaction dated on August 31, 2015. A total of 30,000 shares were purchased at a price of $5.21 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
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.