Allspring Global Investments Holdings LLC Has $6.63 Million Stake in Genworth Financial, Inc. (NYSE:GNW)

Allspring Global Investments Holdings LLC lifted its position in shares of Genworth Financial, Inc. (NYSE:GNW) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 948,125 shares of the financial services provider’s stock after buying an additional 36,035 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.22% of Genworth Financial worth $6,627,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Hancock Whitney Corp grew its stake in Genworth Financial by 1.0% during the third quarter. Hancock Whitney Corp now owns 135,327 shares of the financial services provider’s stock worth $927,000 after purchasing an additional 1,387 shares during the period. GAMMA Investing LLC lifted its stake in Genworth Financial by 17.2% in the fourth quarter. GAMMA Investing LLC now owns 10,838 shares of the financial services provider’s stock valued at $76,000 after buying an additional 1,591 shares during the period. Savant Capital LLC grew its position in shares of Genworth Financial by 11.9% during the 4th quarter. Savant Capital LLC now owns 17,155 shares of the financial services provider’s stock worth $120,000 after buying an additional 1,830 shares during the period. Covestor Ltd grew its position in shares of Genworth Financial by 11.8% during the 3rd quarter. Covestor Ltd now owns 17,721 shares of the financial services provider’s stock worth $122,000 after buying an additional 1,868 shares during the period. Finally, Byrne Asset Management LLC increased its stake in shares of Genworth Financial by 148.9% in the 4th quarter. Byrne Asset Management LLC now owns 4,480 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 2,680 shares in the last quarter. 81.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Genworth Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th.

Genworth Financial Trading Down 7.4 %

NYSE GNW opened at $6.78 on Thursday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.17. The business has a fifty day simple moving average of $7.11 and a 200 day simple moving average of $7.02. Genworth Financial, Inc. has a 12 month low of $5.67 and a 12 month high of $7.90. The firm has a market capitalization of $2.89 billion, a P/E ratio of 32.26 and a beta of 1.00.

Genworth Financial (NYSE:GNW) last posted its earnings results on Tuesday, February 18th. The financial services provider reported $0.04 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.14). The firm had revenue of $1.82 billion for the quarter. Genworth Financial had a return on equity of 0.31% and a net margin of 1.19%. During the same quarter in the prior year, the company posted ($0.51) earnings per share.

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.