Deutsche Bank AG Raises Holdings in Genworth Financial, Inc. (NYSE:GNW)

Deutsche Bank AG grew its position in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) by 34.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 430,853 shares of the financial services provider's stock after purchasing an additional 109,570 shares during the quarter. Deutsche Bank AG owned approximately 0.10% of Genworth Financial worth $3,012,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in GNW. Donald Smith & CO. Inc. boosted its position in Genworth Financial by 3.7% during the fourth quarter. Donald Smith & CO. Inc. now owns 25,949,469 shares of the financial services provider's stock worth $181,387,000 after purchasing an additional 934,175 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Genworth Financial by 8.8% during the 4th quarter. American Century Companies Inc. now owns 7,220,342 shares of the financial services provider's stock worth $50,470,000 after buying an additional 582,147 shares during the period. Northern Trust Corp lifted its position in shares of Genworth Financial by 18.1% during the 4th quarter. Northern Trust Corp now owns 6,025,178 shares of the financial services provider's stock valued at $42,116,000 after buying an additional 922,126 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of Genworth Financial by 70.2% during the 4th quarter. Prudential Financial Inc. now owns 5,567,978 shares of the financial services provider's stock valued at $38,920,000 after buying an additional 2,296,538 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Genworth Financial by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,195,012 shares of the financial services provider's stock valued at $36,313,000 after acquiring an additional 99,120 shares during the period. 81.85% of the stock is currently owned by institutional investors and hedge funds.

Genworth Financial Trading Up 2.8%

NYSE:GNW traded up $0.19 during trading hours on Tuesday, hitting $6.98. The company had a trading volume of 5,330,736 shares, compared to its average volume of 4,091,737. Genworth Financial, Inc. has a 1 year low of $5.87 and a 1 year high of $7.90. The company has a market cap of $2.89 billion, a P/E ratio of 10.27 and a beta of 0.99. The company has a 50-day moving average of $6.85 and a 200 day moving average of $7.03. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.16.

Genworth Financial (NYSE:GNW - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.09). Genworth Financial had a net margin of 4.10% and a return on equity of 2.96%. The firm had revenue of $1.76 billion for the quarter.

Analysts Set New Price Targets

A number of equities analysts have weighed in on GNW shares. Keefe, Bruyette & Woods upped their price objective on shares of Genworth Financial from $8.00 to $8.50 and gave the stock a "market perform" rating in a research report on Tuesday, May 13th. Wall Street Zen cut Genworth Financial from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd.

About Genworth Financial

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.