Allspring Global Investments Holdings LLC Purchases 116,128 Shares of Genworth Financial, Inc. (NYSE:GNW)

Allspring Global Investments Holdings LLC grew its stake in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 12.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,064,253 shares of the financial services provider's stock after purchasing an additional 116,128 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.26% of Genworth Financial worth $7,546,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Xponance Inc. raised its position in shares of Genworth Financial by 9.5% in the fourth quarter. Xponance Inc. now owns 31,032 shares of the financial services provider's stock valued at $217,000 after purchasing an additional 2,693 shares during the period. Truist Financial Corp bought a new position in shares of Genworth Financial in the fourth quarter valued at about $105,000. Oppenheimer & Co. Inc. raised its position in shares of Genworth Financial by 12.7% in the fourth quarter. Oppenheimer & Co. Inc. now owns 44,300 shares of the financial services provider's stock valued at $310,000 after purchasing an additional 5,000 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Genworth Financial by 279.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 10,494 shares of the financial services provider's stock valued at $73,000 after purchasing an additional 7,729 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Genworth Financial by 494.7% in the first quarter. GAMMA Investing LLC now owns 64,455 shares of the financial services provider's stock valued at $457,000 after purchasing an additional 53,617 shares during the period. 81.85% of the stock is owned by institutional investors.

Genworth Financial Stock Performance

NYSE:GNW traded down $0.01 during mid-day trading on Tuesday, reaching $7.82. 4,971,484 shares of the company's stock were exchanged, compared to its average volume of 4,617,991. Genworth Financial, Inc. has a one year low of $5.95 and a one year high of $8.08. The firm has a market capitalization of $3.24 billion, a PE ratio of 15.64 and a beta of 1.06. The business's fifty day simple moving average is $7.21 and its two-hundred day simple moving average is $7.00. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.29 and a current ratio of 0.29.

Genworth Financial (NYSE:GNW - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.09). Genworth Financial had a return on equity of 2.53% and a net margin of 2.97%. The business had revenue of $1.76 billion for the quarter.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on GNW shares. Wall Street Zen lowered shares of Genworth Financial from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Keefe, Bruyette & Woods raised shares of Genworth Financial from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $8.50 to $9.00 in a research report on Wednesday, June 18th.

Genworth Financial Company Profile

Genworth Financial, Inc, together with its subsidiaries, provides mortgage and long-term care insurance products in the United States and internationally. It operates in three segments: Enact, Long-Term Care Insurance, and Life and Annuities. The Enact segment offers private mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans; and pool mortgage insurance products.