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Voya Investment Management LLC Grows Stock Position in Genworth Financial, Inc. $GNW

Genworth Financial logo with Finance background

Key Points

  • Voya Investment Management LLC increased its stake in Genworth Financial by 5.8%, owning approximately $6.20 million worth of the company, which represents about 0.21% of its shares.
  • Genworth Financial's stock recently showed a 0.6% increase and is trading at $8.59, with a market cap of $3.53 billion and a twelve-month range between $5.99 and $8.85.
  • CEO Rohit Gupta sold 86,406 shares of Genworth Financial at an average price of $8.68, reducing his ownership by nearly 10% and maintaining a stake valued at around $6.9 million.
  • Five stocks to consider instead of Genworth Financial.

Voya Investment Management LLC increased its position in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 5.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 874,022 shares of the financial services provider's stock after buying an additional 47,832 shares during the quarter. Voya Investment Management LLC owned 0.21% of Genworth Financial worth $6,197,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in GNW. Deutsche Bank AG increased its stake in shares of Genworth Financial by 34.1% in the fourth quarter. Deutsche Bank AG now owns 430,853 shares of the financial services provider's stock worth $3,012,000 after buying an additional 109,570 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Genworth Financial by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 245,046 shares of the financial services provider's stock worth $1,713,000 after buying an additional 9,378 shares during the period. Nuveen Asset Management LLC boosted its holdings in Genworth Financial by 106.9% in the fourth quarter. Nuveen Asset Management LLC now owns 2,663,077 shares of the financial services provider's stock valued at $18,615,000 after acquiring an additional 1,375,637 shares in the last quarter. ProShare Advisors LLC boosted its holdings in Genworth Financial by 44.3% in the fourth quarter. ProShare Advisors LLC now owns 129,675 shares of the financial services provider's stock valued at $906,000 after acquiring an additional 39,829 shares in the last quarter. Finally, State of Wyoming boosted its holdings in Genworth Financial by 61.8% in the fourth quarter. State of Wyoming now owns 38,051 shares of the financial services provider's stock valued at $266,000 after acquiring an additional 14,529 shares in the last quarter. 81.85% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Genworth Financial news, CEO Rohit Gupta sold 86,406 shares of the business's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $8.68, for a total value of $750,004.08. Following the completion of the transaction, the chief executive officer owned 794,630 shares of the company's stock, valued at approximately $6,897,388.40. The trade was a 9.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Wall Street Zen cut shares of Genworth Financial from a "hold" rating to a "sell" rating in a report on Sunday, September 7th. Keefe, Bruyette & Woods lifted their price target on shares of Genworth Financial from $9.00 to $9.50 and gave the company an "outperform" rating in a report on Wednesday, July 9th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $9.50.

Read Our Latest Stock Analysis on GNW

Genworth Financial Stock Up 3.6%

Shares of GNW stock traded up $0.31 during mid-day trading on Friday, reaching $9.01. 11,650,249 shares of the company's stock traded hands, compared to its average volume of 3,996,616. Genworth Financial, Inc. has a 12 month low of $5.99 and a 12 month high of $9.06. The company has a market cap of $3.70 billion, a P/E ratio of 20.02 and a beta of 0.94. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.16. The company's 50-day moving average price is $8.24 and its 200-day moving average price is $7.45.

Genworth Financial (NYSE:GNW - Get Free Report) last announced 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%.

Genworth Financial Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Genworth Financial (NYSE:GNW)

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