Allspring Global Investments Holdings LLC cut its stake in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 26.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 779,655 shares of the financial services provider's stock after selling 286,920 shares during the period. Allspring Global Investments Holdings LLC owned 0.17% of Genworth Financial worth $5,208,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of GNW. State of Wyoming acquired a new position in Genworth Financial during the 2nd quarter valued at about $29,000. Prelude Capital Management LLC acquired a new position in shares of Genworth Financial during the second quarter worth approximately $35,000. Cipher Capital LP bought a new position in Genworth Financial in the 2nd quarter worth approximately $52,000. Private Advisor Group LLC acquired a new stake in Genworth Financial in the 1st quarter valued at approximately $40,000. Finally, Nomura Holdings Inc. bought a new stake in Genworth Financial during the 2nd quarter valued at $39,000. Institutional investors own 81.85% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Keefe, Bruyette & Woods increased their price target on Genworth Financial from $6.50 to $7.00 and gave the stock a "market perform" rating in a research note on Wednesday, April 10th.
Check Out Our Latest Analysis on Genworth Financial
Genworth Financial Price Performance
Genworth Financial stock traded up $0.11 during trading hours on Friday, hitting $5.99. 2,307,719 shares of the company traded hands, compared to its average volume of 2,761,711. Genworth Financial, Inc. has a 1-year low of $4.51 and a 1-year high of $6.93. The firm has a market cap of $2.63 billion, a P/E ratio of -598,500.00 and a beta of 1.06. The firm's 50-day simple moving average is $6.19 and its two-hundred day simple moving average is $6.17. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.19.
Genworth Financial (NYSE:GNW - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The financial services provider reported ($0.51) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.70). Genworth Financial had a net margin of 0.21% and a negative return on equity of 0.23%. The firm had revenue of $1.91 billion for the quarter. During the same quarter in the previous year, the business posted $0.35 EPS.
Genworth Financial Profile
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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
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