Russell Investments Group Ltd. Has $4.21 Million Position in Genworth Financial, Inc. $GNW

Russell Investments Group Ltd. reduced its stake in shares of Genworth Financial, Inc. (NYSE:GNW) by 24.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 541,358 shares of the financial services provider’s stock after selling 178,917 shares during the quarter. Russell Investments Group Ltd. owned about 0.13% of Genworth Financial worth $4,212,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in GNW. Strs Ohio bought a new stake in Genworth Financial in the first quarter valued at about $82,000. Haven Private LLC acquired a new stake in shares of Genworth Financial during the second quarter worth $88,000. GAMMA Investing LLC lifted its holdings in shares of Genworth Financial by 29.5% in the second quarter. GAMMA Investing LLC now owns 11,770 shares of the financial services provider’s stock valued at $92,000 after purchasing an additional 2,679 shares in the last quarter. Perbak Capital Partners LLP bought a new stake in Genworth Financial in the 1st quarter valued at approximately $95,000. Finally, CWM LLC lifted its position in shares of Genworth Financial by 113.6% in the second quarter. CWM LLC now owns 12,788 shares of the financial services provider’s stock worth $99,000 after purchasing an additional 6,800 shares in the last quarter. Institutional investors own 81.85% of the company’s stock.

Genworth Financial Stock Performance

Shares of GNW opened at $8.67 on Friday. The firm’s fifty day simple moving average is $8.61 and its two-hundred day simple moving average is $8.15. Genworth Financial, Inc. has a 12 month low of $5.99 and a 12 month high of $9.15. The stock has a market capitalization of $3.46 billion, a P/E ratio of 16.35 and a beta of 1.02. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.15.

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

Analysts Set New Price Targets

A number of analysts have commented on GNW shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Genworth Financial in a research note on Monday, December 1st. 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 research note on Thursday, October 9th. Finally, Wall Street Zen upgraded shares of Genworth Financial from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $10.00.

About Genworth Financial

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.