Nuveen Asset Management LLC Grows Stock Position in Genworth Financial, Inc. (NYSE:GNW)

Nuveen Asset Management LLC increased its holdings in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) by 106.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,663,077 shares of the financial services provider's stock after purchasing an additional 1,375,637 shares during the period. Nuveen Asset Management LLC owned approximately 0.62% of Genworth Financial worth $18,615,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in GNW. Byrne Asset Management LLC grew its stake in Genworth Financial by 148.9% during the fourth quarter. Byrne Asset Management LLC now owns 4,480 shares of the financial services provider's stock worth $31,000 after purchasing an additional 2,680 shares during the period. Jones Financial Companies Lllp acquired a new stake in Genworth Financial during the fourth quarter worth approximately $41,000. Smartleaf Asset Management LLC grew its stake in Genworth Financial by 279.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 10,494 shares of the financial services provider's stock worth $73,000 after purchasing an additional 7,729 shares during the period. Pennington Partners & CO. LLC bought a new position in Genworth Financial in the fourth quarter worth approximately $84,000. Finally, Landscape Capital Management L.L.C. bought a new position in Genworth Financial in the fourth quarter worth approximately $85,000. Institutional investors and hedge funds own 81.85% of the company's stock.

Genworth Financial Stock Performance

Shares of GNW traded up $0.19 on Tuesday, reaching $6.98. 5,330,736 shares of the company's stock traded hands, compared to its average volume of 4,091,737. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.16. The stock has a market cap of $2.89 billion, a PE ratio of 10.27 and a beta of 0.99. The stock's 50 day simple moving average is $6.85 and its two-hundred day simple moving average is $7.03. Genworth Financial, Inc. has a 52-week low of $5.87 and a 52-week high of $7.90.

Genworth Financial (NYSE:GNW - Get Free Report) last issued its quarterly 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). Genworth Financial had a net margin of 4.10% and a return on equity of 2.96%. The business had revenue of $1.76 billion for the quarter.

Analyst Upgrades and Downgrades

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

About Genworth Financial

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.