Moody Aldrich Partners LLC Lowers Stock Position in Genworth Financial, Inc. (NYSE:GNW)

Moody Aldrich Partners LLC decreased its position in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 27.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 245,291 shares of the financial services provider's stock after selling 93,881 shares during the period. Moody Aldrich Partners LLC owned about 0.06% of Genworth Financial worth $1,739,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Truist Financial Corp acquired a new stake in shares of Genworth Financial during the 4th quarter valued at about $105,000. Oppenheimer & Co. Inc. boosted its position in Genworth Financial by 12.7% during the fourth quarter. Oppenheimer & Co. Inc. now owns 44,300 shares of the financial services provider's stock worth $310,000 after purchasing an additional 5,000 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Genworth Financial by 279.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 10,494 shares of the financial services provider's stock valued at $73,000 after purchasing an additional 7,729 shares during the period. Jones Financial Companies Lllp acquired a new stake in Genworth Financial in the fourth quarter valued at approximately $41,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Genworth Financial by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,195,012 shares of the financial services provider's stock valued at $36,313,000 after buying an additional 99,120 shares in the last quarter. Hedge funds and other institutional investors own 81.85% of the company's stock.

Genworth Financial Trading Down 0.8%

Shares of Genworth Financial stock opened at $7.77 on Friday. 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 $5.95 and a twelve month high of $8.01. The firm has a market capitalization of $3.22 billion, a PE ratio of 15.53 and a beta of 1.06. The firm's 50-day moving average price is $7.14 and its 200 day moving average price is $6.99.

Genworth Financial (NYSE:GNW - Get Free Report) last announced its earnings results on Wednesday, April 30th. The financial services provider reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.09). The firm had revenue of $1.76 billion for the quarter. Genworth Financial had a net margin of 2.97% and a return on equity of 2.53%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GNW. 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 upgraded shares of Genworth Financial from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $8.50 to $9.00 in a research report on Wednesday, June 18th.

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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