Genworth Financial, Inc. $GNW Stock Holdings Trimmed by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management trimmed its stake in Genworth (NYSE:GNW) by 12.2% in Q4, selling 226,325 shares and leaving 1,630,980 shares (about 0.41% of the company) valued at roughly $14.73 million.
• Genworth missed Q4 estimates, reporting EPS of $0.02 versus $0.16 expected on $1.04 billion in revenue; the stock trades near $8.32 with a $3.22 billion market cap and a one‑year range of $5.99–$9.28.
• Analyst sentiment is mixed—Keefe, Bruyette & Woods keeps an Outperform and $10.50 target while others have downgraded it; MarketBeat shows a consensus of Moderate Buy (target $10.50) and institutional ownership is about 81.85%.

Assenagon Asset Management S.A. decreased its holdings in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 12.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,630,980 shares of the financial services provider's stock after selling 226,325 shares during the quarter. Assenagon Asset Management S.A. owned 0.41% of Genworth Financial worth $14,728,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of GNW. Salomon & Ludwin LLC grew its position in Genworth Financial by 1,731.8% in the 3rd quarter. Salomon & Ludwin LLC now owns 3,279 shares of the financial services provider's stock valued at $29,000 after buying an additional 3,100 shares in the last quarter. Bessemer Group Inc. increased its stake in Genworth Financial by 60.6% during the 3rd quarter. Bessemer Group Inc. now owns 3,830 shares of the financial services provider's stock valued at $34,000 after buying an additional 1,445 shares during the period. Headlands Technologies LLC bought a new stake in shares of Genworth Financial during the 2nd quarter worth about $44,000. Larson Financial Group LLC raised its position in shares of Genworth Financial by 12,597.7% during the 3rd quarter. Larson Financial Group LLC now owns 5,587 shares of the financial services provider's stock worth $50,000 after buying an additional 5,543 shares in the last quarter. Finally, Danske Bank A S acquired a new stake in shares of Genworth Financial in the 3rd quarter worth approximately $60,000. 81.85% of the stock is currently owned by institutional investors.

Genworth Financial Stock Performance

Shares of GNW opened at $8.32 on Friday. The company has a 50-day moving average of $8.45 and a two-hundred day moving average of $8.64. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 15.69 and a beta of 1.00. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.29 and a quick ratio of 0.29. Genworth Financial, Inc. has a one year low of $5.99 and a one year high of $9.28.

Genworth Financial (NYSE:GNW - Get Free Report) last released its quarterly earnings results on Monday, February 23rd. The financial services provider reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by ($0.14). Genworth Financial had a net margin of 3.05% and a return on equity of 1.48%. The firm had revenue of $1.04 billion for the quarter.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $10.50 price objective on shares of Genworth Financial in a research note on Thursday. Wall Street Zen downgraded Genworth Financial from a "hold" rating to a "sell" rating in a research report on Saturday, February 28th. Finally, Weiss Ratings lowered Genworth Financial from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, March 5th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $10.50.

About Genworth Financial

Genworth Financial NYSE: GNW is a leading financial security company offering a broad range of insurance products. Based in Richmond, Virginia, Genworth provides individuals and families with solutions designed to protect against long-term care expenses, secure life insurance needs and support homeownership through private mortgage insurance. With operations spanning the United States, Canada and Australia, the company serves both retail and institutional clients through a diversified portfolio of risk management services.

The company's Private Mortgage Insurance (PMI) segment offers coverage to lenders and consumers in the US, Canada and Australia, enabling homebuyers to purchase properties with lower down payments.

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