Genworth Financial, Inc. (NYSE:GNW) Holdings Lowered by LSV Asset Management

LSV Asset Management reduced its stake in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) by 1.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,941,100 shares of the financial services provider's stock after selling 54,930 shares during the quarter. LSV Asset Management owned 0.95% of Genworth Financial worth $27,942,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Northern Trust Corp raised its stake in Genworth Financial by 18.1% during the fourth quarter. Northern Trust Corp now owns 6,025,178 shares of the financial services provider's stock worth $42,116,000 after purchasing an additional 922,126 shares during the period. JPMorgan Chase & Co. raised its stake in Genworth Financial by 37.2% during the fourth quarter. JPMorgan Chase & Co. now owns 2,671,573 shares of the financial services provider's stock worth $18,674,000 after purchasing an additional 724,557 shares during the period. Nuveen Asset Management LLC raised its stake in shares of Genworth Financial by 106.9% in the 4th quarter. Nuveen Asset Management LLC now owns 2,663,077 shares of the financial services provider's stock valued at $18,615,000 after acquiring an additional 1,375,637 shares during the period. Renaissance Technologies LLC raised its stake in shares of Genworth Financial by 12.5% in the 4th quarter. Renaissance Technologies LLC now owns 2,558,600 shares of the financial services provider's stock valued at $17,885,000 after acquiring an additional 283,700 shares during the period. Finally, Voloridge Investment Management LLC raised its stake in shares of Genworth Financial by 28.0% in the 4th quarter. Voloridge Investment Management LLC now owns 2,240,449 shares of the financial services provider's stock valued at $15,661,000 after acquiring an additional 490,090 shares during the period. 81.85% of the stock is currently owned by institutional investors and hedge funds.

Genworth Financial Stock Up 1.1%

GNW stock traded up $0.09 during mid-day trading on Tuesday, hitting $7.95. 4,940,459 shares of the company were exchanged, compared to its average volume of 6,513,818. The company has a market capitalization of $3.26 billion, a PE ratio of 17.67 and a beta of 1.12. 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, Inc. has a twelve month low of $5.99 and a twelve month high of $8.28. The firm has a fifty day simple moving average of $7.48 and a 200 day simple moving average of $7.10.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods raised their price target on shares of 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 lowered shares of Genworth Financial from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd.

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.