Nuveen LLC Acquires Shares of 3,478,237 Genworth Financial, Inc. $GNW

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Nuveen LLC acquired a new stake in Genworth Financial, Inc. (NYSE:GNW - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,478,237 shares of the financial services provider's stock, valued at approximately $24,661,000. Nuveen LLC owned about 0.84% of Genworth Financial as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Aigen Investment Management LP boosted its stake in shares of Genworth Financial by 877.3% in the 1st quarter. Aigen Investment Management LP now owns 123,646 shares of the financial services provider's stock valued at $877,000 after purchasing an additional 110,994 shares during the last quarter. Entropy Technologies LP boosted its stake in shares of Genworth Financial by 200.1% in the 1st quarter. Entropy Technologies LP now owns 51,800 shares of the financial services provider's stock valued at $367,000 after purchasing an additional 34,541 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Genworth Financial by 20.5% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 963,734 shares of the financial services provider's stock valued at $6,833,000 after purchasing an additional 164,192 shares during the last quarter. Evolution Advisers Inc. boosted its stake in shares of Genworth Financial by 134.1% in the 1st quarter. Evolution Advisers Inc. now owns 96,252 shares of the financial services provider's stock valued at $680,000 after purchasing an additional 55,141 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Genworth Financial by 1.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,269,135 shares of the financial services provider's stock valued at $37,358,000 after purchasing an additional 74,123 shares during the last quarter. 81.85% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GNW has been the topic of a number of analyst reports. Wall Street Zen lowered shares of Genworth Financial from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Keefe, Bruyette & Woods upped their price objective on shares of Genworth Financial from $9.00 to $9.50 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $9.50.

Genworth Financial Stock Up 3.3%

NYSE GNW traded up $0.2750 on Friday, hitting $8.6850. 5,467,703 shares of the company were exchanged, compared to its average volume of 6,544,659. The company has a market cap of $3.56 billion, a PE ratio of 19.30 and a beta of 1.12. Genworth Financial, Inc. has a 12 month low of $5.99 and a 12 month high of $8.72. The stock has a fifty day moving average of $7.86 and a 200-day moving average of $7.22. 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 (NYSE:GNW - Get Free Report) last issued its earnings results on Wednesday, July 30th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, topping 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 for the quarter.

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.