Assenagon Asset Management S.A. Has $14.74 Million Holdings in Genworth Financial, Inc. (NYSE:GNW)

Assenagon Asset Management S.A. decreased its stake in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 54.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,078,791 shares of the financial services provider's stock after selling 2,474,599 shares during the period. Assenagon Asset Management S.A. owned approximately 0.50% of Genworth Financial worth $14,739,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GNW. Entropy Technologies LP purchased a new position in Genworth Financial during the 4th quarter valued at about $121,000. Savant Capital LLC grew its holdings in shares of Genworth Financial by 11.9% during the fourth quarter. Savant Capital LLC now owns 17,155 shares of the financial services provider's stock worth $120,000 after buying an additional 1,830 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Genworth Financial by 4.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 948,125 shares of the financial services provider's stock worth $6,627,000 after buying an additional 36,035 shares in the last quarter. New York State Teachers Retirement System grew its holdings in shares of Genworth Financial by 2.5% during the fourth quarter. New York State Teachers Retirement System now owns 550,940 shares of the financial services provider's stock worth $3,851,000 after buying an additional 13,633 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Genworth Financial by 1.7% during the fourth quarter. Principal Financial Group Inc. now owns 2,071,155 shares of the financial services provider's stock worth $14,477,000 after buying an additional 34,548 shares in the last quarter. Institutional investors and hedge funds own 81.85% of the company's stock.

Wall Street Analyst Weigh In

GNW has been the subject of a number of recent research reports. Keefe, Bruyette & Woods lifted their price target on shares of Genworth Financial from $8.00 to $8.50 and gave the stock a "market perform" rating in a report on Tuesday, May 13th. Wall Street Zen downgraded shares of Genworth Financial from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd.

Genworth Financial Trading Down 4.9%

Shares of GNW stock traded down $0.35 during mid-day trading on Tuesday, reaching $6.83. The company's stock had a trading volume of 10,155,482 shares, compared to its average volume of 4,349,088. The company's 50 day simple moving average is $6.87 and its 200-day simple moving average is $6.97. Genworth Financial, Inc. has a 12-month low of $5.93 and a 12-month high of $7.90. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $2.83 billion, a PE ratio of 13.66 and a beta of 1.03.

Genworth Financial (NYSE:GNW - Get Free Report) last released 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). The firm had revenue of $1.76 billion for the quarter. Genworth Financial had a return on equity of 2.53% and a net margin of 2.97%.

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.