Nuveen LLC Buys New Stake in Genworth Financial, Inc. $GNW

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Nuveen LLC acquired a new stake in Genworth Financial, Inc. (NYSE:GNW - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,478,237 shares of the financial services provider's stock, valued at approximately $24,661,000. Nuveen LLC owned approximately 0.84% of Genworth Financial as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in shares of Genworth Financial by 2.7% in the first quarter. Principal Financial Group Inc. now owns 2,126,240 shares of the financial services provider's stock valued at $15,075,000 after purchasing an additional 55,085 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Genworth Financial by 494.7% in the first quarter. GAMMA Investing LLC now owns 64,455 shares of the financial services provider's stock valued at $457,000 after purchasing an additional 53,617 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Genworth Financial by 26.1% during the 4th quarter. Wells Fargo & Company MN now owns 266,198 shares of the financial services provider's stock worth $1,861,000 after acquiring an additional 55,078 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in Genworth Financial by 56.0% during the 1st quarter. Handelsbanken Fonder AB now owns 112,490 shares of the financial services provider's stock worth $798,000 after acquiring an additional 40,400 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in Genworth Financial by 34.1% during the 4th quarter. Deutsche Bank AG now owns 430,853 shares of the financial services provider's stock worth $3,012,000 after acquiring an additional 109,570 shares in the last quarter. Institutional investors and hedge funds own 81.85% of the company's stock.

Genworth Financial Stock Up 3.3%

Shares of NYSE GNW traded up $0.2750 during mid-day trading on Friday, reaching $8.6850. The company had a trading volume of 5,467,703 shares, compared to its average volume of 6,544,659. 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 firm has a 50 day simple moving average of $7.86 and a two-hundred day simple moving average of $7.21. The stock has a market cap of $3.56 billion, a P/E ratio of 19.30 and a beta of 1.12. Genworth Financial, Inc. has a 52-week low of $5.99 and a 52-week high of $8.72.

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

Analysts Set New Price Targets

Several research analysts have commented on GNW shares. Keefe, Bruyette & Woods boosted their price target on shares of Genworth Financial from $9.00 to $9.50 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. Wall Street Zen cut shares of Genworth Financial from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $9.50.

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.