Genworth Financial, Inc. (NYSE:GNW) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. raised its position in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) by 2.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,126,240 shares of the financial services provider's stock after buying an additional 55,085 shares during the quarter. Principal Financial Group Inc. owned about 0.51% of Genworth Financial worth $15,075,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of GNW. Allspring Global Investments Holdings LLC lifted its position in shares of Genworth Financial by 12.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,064,253 shares of the financial services provider's stock valued at $7,546,000 after buying an additional 116,128 shares in the last quarter. Byrne Asset Management LLC grew its holdings in Genworth Financial by 69.5% in the first quarter. Byrne Asset Management LLC now owns 7,595 shares of the financial services provider's stock valued at $54,000 after purchasing an additional 3,115 shares during the period. Handelsbanken Fonder AB boosted its stake in shares of Genworth Financial by 56.0% in the first 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 during the last quarter. SG Americas Securities LLC acquired a new position in Genworth Financial during the 1st quarter worth $5,141,000. Finally, NBC Securities Inc. lifted its holdings in shares of Genworth Financial by 105,629.9% in the 1st quarter. NBC Securities Inc. now owns 91,985 shares of the financial services provider's stock valued at $652,000 after purchasing an additional 91,898 shares during the last quarter. 81.85% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on GNW shares. Keefe, Bruyette & Woods increased their target price on Genworth Financial from $9.00 to $9.50 and gave the stock an "outperform" rating in a research note on Wednesday. Wall Street Zen cut Genworth Financial from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd.

Genworth Financial Stock Down 1.6%

GNW stock traded down $0.12 during trading on Friday, reaching $7.30. The stock had a trading volume of 4,875,951 shares, compared to its average volume of 4,651,419. The firm has a fifty day moving average price of $7.26 and a 200 day moving average price of $7.02. 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 company has a market capitalization of $3.02 billion, a P/E ratio of 14.59 and a beta of 1.06. Genworth Financial, Inc. has a 1-year low of $5.99 and a 1-year high of $8.08.

Genworth Financial (NYSE:GNW - Get Free Report) last posted its quarterly earnings data 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 2.97% and a return on equity of 2.53%. The company had revenue of $1.76 billion for the quarter.

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.