Genworth Financial, Inc. (NYSE:GNW) Holdings Cut by Brandywine Global Investment Management LLC

Key Points

• Brandywine Global Investment Management LLC reduced its holdings in Genworth Financial by 3.8%, owning approximately 1,091,152 shares, worth about $7,736,000.
• Institutional investors now own 81.85% of Genworth Financial's stock, indicating strong institutional interest in the company.
• Research firms have mixed ratings on Genworth Financial, with Keefe, Bruyette & Woods lifting its price target to $9.50, while Wall Street Zen downgraded it to a "sell" rating.

Brandywine Global Investment Management LLC lowered its holdings in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 3.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,091,152 shares of the financial services provider's stock after selling 42,710 shares during the period. Brandywine Global Investment Management LLC owned about 0.26% of Genworth Financial worth $7,736,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Nuveen LLC bought a new stake in shares of Genworth Financial during the first quarter valued at approximately $24,661,000. Boone Capital Management LLC bought a new stake in shares of Genworth Financial during the fourth quarter valued at approximately $10,741,000. Nuveen Asset Management LLC raised its holdings in shares of Genworth Financial by 106.9% during the fourth quarter. Nuveen Asset Management LLC now owns 2,663,077 shares of the financial services provider's stock valued at $18,615,000 after buying an additional 1,375,637 shares during the last quarter. Donald Smith & CO. Inc. raised its holdings in shares of Genworth Financial by 4.5% during the first quarter. Donald Smith & CO. Inc. now owns 27,114,581 shares of the financial services provider's stock valued at $192,242,000 after buying an additional 1,165,112 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Genworth Financial during the fourth quarter valued at approximately $7,496,000. Institutional investors own 81.85% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GNW. Keefe, Bruyette & Woods lifted their price target on Genworth Financial from $9.00 to $9.50 and gave the company an "outperform" rating in a report on Wednesday, July 9th. Wall Street Zen cut Genworth Financial from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd.

Genworth Financial Price Performance

Shares of NYSE:GNW opened at $8.31 on Friday. Genworth Financial, Inc. has a 12 month low of $5.99 and a 12 month high of $8.60. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 18.47 and a beta of 1.12. The stock's 50 day moving average price is $7.70 and its 200 day moving average price is $7.17. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.29 and a quick ratio of 0.29.

Genworth Financial (NYSE:GNW - Get Free Report) last announced its earnings results on Wednesday, July 30th. The financial services provider reported $0.16 EPS for the quarter, topping the consensus estimate of $0.05 by $0.11. Genworth Financial had a return on equity of 1.91% and a net margin of 2.61%. The firm had revenue of $1.80 billion for the quarter.

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.

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