Genworth Financial, Inc. (NYSE:GNW) Position Boosted by Nuveen Asset Management LLC

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

Several other hedge funds and other institutional investors have also recently bought and sold shares of GNW. Prudential Financial Inc. raised its position in Genworth Financial by 70.2% in the fourth quarter. Prudential Financial Inc. now owns 5,567,978 shares of the financial services provider's stock worth $38,920,000 after acquiring an additional 2,296,538 shares in the last quarter. Norges Bank bought a new stake in Genworth Financial in the fourth quarter worth about $15,034,000. Boone Capital Management LLC bought a new stake in Genworth Financial in the fourth quarter worth about $10,741,000. Raymond James Financial Inc. purchased a new position in Genworth Financial in the 4th quarter worth about $7,496,000. Finally, Donald Smith & CO. Inc. increased its stake in Genworth Financial by 3.7% in the 4th quarter. Donald Smith & CO. Inc. now owns 25,949,469 shares of the financial services provider's stock worth $181,387,000 after purchasing an additional 934,175 shares in the last quarter. 81.85% of the stock is currently owned by institutional investors.

Genworth Financial Trading Up 1.1%

GNW traded up $0.08 during trading on Thursday, reaching $6.96. The company had a trading volume of 1,520,610 shares, compared to its average volume of 5,860,120. The firm's 50-day simple moving average is $6.85 and its 200 day simple moving average is $7.03. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 10.23 and a beta of 0.99. Genworth Financial, Inc. has a 12-month low of $5.87 and a 12-month high of $7.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.29 and a current ratio of 0.29.

Genworth Financial (NYSE:GNW - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.09). Genworth Financial had a return on equity of 2.96% and a net margin of 4.10%. The company had revenue of $1.76 billion during the quarter.

Analysts Set New Price Targets

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

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.