Genworth Financial (GNW) Slashed on Earnings Miss, Active Life Reserves Review; Compass Point Downgrades
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Genworth Financial (GNW) Price Target Set at $12 at Compass Point
November 10, 2014 8:25 AM ESTAfter downgrading Genworth Financial (NYSE: GNW) shares on Nov. 6 and removing his price target, Compass Point analyst Ken Billingsley set a $12.00 price target on the stock today while maintaining... More
Genworth Financial (GNW) Defended at BTIG
November 6, 2014 1:08 PM ESTBTIG maintained a Buy rating on Genworth Financial (NYSE: GNW) and lowered its price target to $16.00 (from $22.00). The stock declined after the company reported weak Q3 results. In the view of analyst Mark Palmer, long term care issues are more than priced into the stock.
"While the results of Genworth Financials (GNW) long term care (LTC) claim... More
BTIG Trims PT on Genworth (GNW) to $16; non-LTC Business Still Largely Undervalued
November 6, 2014 11:32 AM ESTBTIG comments on Genworth Financial (NYSE: GNW) following Q3 results. The firm has Genworth at Buy, but cuts its price target from $22 down to $16.
Analyst Mark Palmer offered the following key points:
GNW reported a 3Q14 loss per diluted share of $1.70 driven by a $531 million reserve increase... MoreCompass Point Downgrades Genworth Financial (GNW) to Neutral
November 6, 2014 8:00 AM ESTCompass Point downgraded Genworth Financial (NYSE: GNW) from Buy to Neutral.
Analyst Ken Billingsley comments, "We are downgrading GNW to Neutral and suspending our price target and estimates pending the companys 3Q14 conference call and a full review of our model. While the LTC reserve review of the companys Disabled Life Reserves (DLR) produced a charge that was... More
Genworth Financial (GNW) Posts Q3 Op. Loss of 64c/Share
November 5, 2014 5:22 PM ESTGenworth Financial (NYSE: GNW) reported Q3 EPS of ($0.64), $0.82 worse than the analyst estimate of $0.18.
"While we remain encouraged by our Global Mortgage Insurance Division performance, which continues to show strength, we are very disappointed by our U.S. Life Insurance Division... More
