Brandywine Global Investment Management LLC Has $7.74 Million Stock Holdings in Genworth Financial, Inc. $GNW

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 lessened its position in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) by 3.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,091,152 shares of the financial services provider's stock after selling 42,710 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.26% of Genworth Financial worth $7,736,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Byrne Asset Management LLC lifted its position in Genworth Financial by 69.5% in the first quarter. Byrne Asset Management LLC now owns 7,595 shares of the financial services provider's stock worth $54,000 after purchasing an additional 3,115 shares during the period. Abel Hall LLC acquired a new stake in shares of Genworth Financial during the 1st quarter valued at about $71,000. Blueshift Asset Management LLC bought a new stake in Genworth Financial in the first quarter valued at about $71,000. Pennington Partners & CO. LLC acquired a new position in Genworth Financial in the fourth quarter worth about $84,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Genworth Financial in the fourth quarter worth about $86,000. 81.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on GNW shares. Wall Street Zen cut Genworth Financial from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Keefe, Bruyette & Woods upped their price target on Genworth Financial from $9.00 to $9.50 and gave the company an "outperform" rating in a research report on Wednesday, July 9th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $9.50.

Genworth Financial Trading Up 2.9%

Shares of GNW traded up $0.2450 during trading hours on Friday, hitting $8.6550. 1,742,968 shares of the stock traded hands, compared to its average volume of 6,194,888. The business has a fifty day moving average of $7.82 and a 200-day moving average of $7.21. The firm has a market capitalization of $3.55 billion, a PE ratio of 19.23 and a beta of 1.12. Genworth Financial, Inc. has a 1-year low of $5.99 and a 1-year high of $8.67. 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 data on Wednesday, July 30th. The financial services provider reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.11. The firm had revenue of $1.80 billion during the quarter. Genworth Financial had a return on equity of 1.91% and a net margin of 2.61%.

Genworth Financial 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.