Voya Investment Management LLC Purchases 191,384 Shares of Genworth Financial, Inc. $GNW

Voya Investment Management LLC boosted its position in Genworth Financial, Inc. (NYSE:GNW) by 30.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 817,996 shares of the financial services provider’s stock after acquiring an additional 191,384 shares during the period. Voya Investment Management LLC owned 0.20% of Genworth Financial worth $7,280,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Headlands Technologies LLC acquired a new stake in shares of Genworth Financial during the second quarter worth $44,000. EverSource Wealth Advisors LLC increased its holdings in shares of Genworth Financial by 140.3% in the second quarter. EverSource Wealth Advisors LLC now owns 8,063 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 4,708 shares in the last quarter. Seven Mile Advisory bought a new stake in shares of Genworth Financial in the second quarter worth about $78,000. Strs Ohio acquired a new stake in shares of Genworth Financial during the first quarter worth about $82,000. Finally, Haven Private LLC bought a new position in shares of Genworth Financial during the 2nd quarter valued at about $88,000. Institutional investors and hedge funds own 81.85% of the company’s stock.

Wall Street Analyst Weigh In

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

Genworth Financial Trading Up 0.1%

NYSE:GNW opened at $9.14 on Thursday. The company has a market cap of $3.65 billion, a P/E ratio of 17.24 and a beta of 1.02. Genworth Financial, Inc. has a twelve month low of $5.99 and a twelve month high of $9.28. The business has a 50 day moving average price of $8.66 and a two-hundred day moving average price of $8.34. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.15.

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

Genworth Financial Company Profile

Genworth Financial (NYSE: GNW) is a leading financial security company offering a broad range of insurance products. Based in Richmond, Virginia, Genworth provides individuals and families with solutions designed to protect against long-term care expenses, secure life insurance needs and support homeownership through private mortgage insurance. With operations spanning the United States, Canada and Australia, the company serves both retail and institutional clients through a diversified portfolio of risk management services.

The company’s Private Mortgage Insurance (PMI) segment offers coverage to lenders and consumers in the US, Canada and Australia, enabling homebuyers to purchase properties with lower down payments.