Legal & General Group Plc Raises Stock Holdings in Genworth Financial, Inc. $GNW

Legal & General Group Plc boosted its holdings in shares of Genworth Financial, Inc. (NYSE:GNW) by 0.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,193,189 shares of the financial services provider’s stock after acquiring an additional 8,619 shares during the quarter. Legal & General Group Plc’s holdings in Genworth Financial were worth $9,283,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Voya Investment Management LLC boosted its stake in shares of Genworth Financial by 5.8% during the first quarter. Voya Investment Management LLC now owns 874,022 shares of the financial services provider’s stock valued at $6,197,000 after purchasing an additional 47,832 shares during the period. Caxton Associates LLP purchased a new stake in Genworth Financial in the 1st quarter valued at about $3,990,000. Wealth Enhancement Advisory Services LLC boosted its position in Genworth Financial by 117.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 46,976 shares of the financial services provider’s stock valued at $375,000 after buying an additional 25,341 shares during the period. Intech Investment Management LLC grew its stake in Genworth Financial by 7.6% in the 1st quarter. Intech Investment Management LLC now owns 427,993 shares of the financial services provider’s stock worth $3,034,000 after acquiring an additional 30,260 shares in the last quarter. Finally, Clare Market Investments LLC purchased a new position in shares of Genworth Financial during the second quarter worth approximately $521,000. Institutional investors own 81.85% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Keefe, Bruyette & Woods boosted their price target on Genworth Financial from $9.50 to $10.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Genworth Financial in a research report on Monday, November 24th. Finally, Wall Street Zen raised Genworth Financial from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Genworth Financial presently has an average rating of “Buy” and a consensus price target of $10.00.

Genworth Financial Stock Down 0.9%

Genworth Financial stock opened at $8.60 on Tuesday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.15. The firm has a market cap of $3.43 billion, a P/E ratio of 16.23 and a beta of 1.02. The business has a fifty day moving average of $8.64 and a two-hundred day moving average of $8.12. Genworth Financial, Inc. has a twelve month low of $5.99 and a twelve month high of $9.15.

Genworth Financial (NYSE:GNW) last announced its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The company had revenue of $1.04 billion during the quarter. Genworth Financial had a net margin of 3.01% and a return on equity of 1.56%.

Genworth Financial Company 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.