Russell Investments Group Ltd. Buys 199,189 Shares of Genworth Financial, Inc. (NYSE:GNW)

Russell Investments Group Ltd. lifted its position in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) by 18.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,279,201 shares of the financial services provider's stock after acquiring an additional 199,189 shares during the quarter. Russell Investments Group Ltd. owned 0.28% of Genworth Financial worth $8,561,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Illinois Municipal Retirement Fund purchased a new position in Genworth Financial in the 3rd quarter valued at about $1,666,000. AQR Capital Management LLC lifted its stake in shares of Genworth Financial by 14.2% during the 3rd quarter. AQR Capital Management LLC now owns 1,752,247 shares of the financial services provider's stock worth $10,268,000 after purchasing an additional 217,556 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of Genworth Financial during the fourth quarter worth $22,482,000. Invesco Ltd. grew its position in shares of Genworth Financial by 7.2% in the third quarter. Invesco Ltd. now owns 5,234,864 shares of the financial services provider's stock valued at $30,676,000 after purchasing an additional 350,729 shares during the period. Finally, Daiwa Securities Group Inc. acquired a new position in Genworth Financial in the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 81.85% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods boosted their target price on shares of Genworth Financial from $6.50 to $7.00 and gave the company a "market perform" rating in a report on Wednesday, April 10th.

Genworth Financial Trading Down 0.7 %

GNW stock traded down $0.04 during midday trading on Tuesday, reaching $6.62. 2,766,858 shares of the company's stock traded hands, compared to its average volume of 2,810,500. The company has a market capitalization of $2.91 billion, a P/E ratio of 34.82 and a beta of 1.08. The business has a 50-day moving average price of $6.21 and a two-hundred day moving average price of $6.19. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.29 and a quick ratio of 0.30. Genworth Financial, Inc. has a fifty-two week low of $4.83 and a fifty-two week high of $6.93.

Genworth Financial (NYSE:GNW - Get Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $0.19 earnings per share (EPS) for the quarter. The firm had revenue of $1.86 billion for the quarter. Genworth Financial had a negative return on equity of 0.21% and a net margin of 1.24%.

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.