NBC Securities Inc. Purchases 91,898 Shares of Genworth Financial, Inc. (NYSE:GNW)

NBC Securities Inc. grew its holdings in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) by 105,629.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 91,985 shares of the financial services provider's stock after purchasing an additional 91,898 shares during the period. NBC Securities Inc.'s holdings in Genworth Financial were worth $652,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in GNW. Xponance Inc. boosted its stake 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 buying an additional 2,693 shares during the period. Barclays PLC raised its holdings in Genworth Financial by 291.2% in the 3rd quarter. Barclays PLC now owns 744,853 shares of the financial services provider's stock valued at $5,103,000 after acquiring an additional 554,462 shares in the last quarter. New York State Teachers Retirement System lifted its position in shares of Genworth Financial by 2.5% during the 4th quarter. New York State Teachers Retirement System now owns 550,940 shares of the financial services provider's stock valued at $3,851,000 after acquiring an additional 13,633 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Genworth Financial by 4.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 948,125 shares of the financial services provider's stock worth $6,627,000 after purchasing an additional 36,035 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of Genworth Financial by 28.5% in the fourth quarter. Blue Trust Inc. now owns 24,438 shares of the financial services provider's stock worth $167,000 after purchasing an additional 5,420 shares during the period. Institutional investors and hedge funds own 81.85% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on GNW shares. Wall Street Zen downgraded Genworth Financial from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Keefe, Bruyette & Woods boosted their target price on shares of Genworth Financial from $8.00 to $8.50 and gave the company a "market perform" rating in a research report on Tuesday, May 13th.

Genworth Financial Price Performance

GNW traded up $0.18 during trading on Friday, hitting $6.96. 7,934,897 shares of the stock traded hands, compared to its average volume of 4,206,884. The business has a 50 day moving average price of $6.83 and a 200 day moving average price of $7.01. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 10.24 and a beta of 1.03. Genworth Financial, Inc. has a twelve month low of $5.87 and a twelve month high of $7.90. 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 quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.12 earnings per share (EPS) 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 company had revenue of $1.76 billion for the quarter.

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.