LSV Asset Management Has $9.73 Million Stock Position in Genworth Financial, Inc. $GNW

LSV Asset Management reduced its position in shares of Genworth Financial, Inc. (NYSE:GNW) by 5.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,077,700 shares of the financial services provider’s stock after selling 59,400 shares during the quarter. LSV Asset Management’s holdings in Genworth Financial were worth $9,732,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Hudson Bay Capital Management LP raised its stake in Genworth Financial by 17.7% during the 3rd quarter. Hudson Bay Capital Management LP now owns 849,629 shares of the financial services provider’s stock worth $7,562,000 after buying an additional 127,722 shares during the period. American Century Companies Inc. raised its stake in Genworth Financial by 7.9% during the 3rd quarter. American Century Companies Inc. now owns 9,567,534 shares of the financial services provider’s stock worth $85,151,000 after buying an additional 704,498 shares during the period. Algebris UK Ltd. acquired a new position in Genworth Financial during the 3rd quarter worth approximately $2,418,000. Arbiter Partners Capital Management LLC raised its stake in Genworth Financial by 40.7% during the 3rd quarter. Arbiter Partners Capital Management LLC now owns 487,400 shares of the financial services provider’s stock worth $4,338,000 after buying an additional 141,000 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Genworth Financial by 1.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 26,493,475 shares of the financial services provider’s stock worth $235,793,000 after buying an additional 270,062 shares during the period. 81.85% of the stock is owned by institutional investors and hedge funds.

Genworth Financial Stock Performance

Shares of Genworth Financial stock opened at $9.08 on Tuesday. The company has a market cap of $3.48 billion, a PE ratio of 17.45 and a beta of 0.89. Genworth Financial, Inc. has a 52 week low of $6.63 and a 52 week high of $9.45. The business has a 50 day moving average price of $8.66 and a 200-day moving average price of $8.68. 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 issued its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $0.28 EPS for the quarter, topping the consensus estimate of $0.18 by $0.10. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.72 billion. Genworth Financial had a return on equity of 1.73% and a net margin of 2.96%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GNW. Keefe, Bruyette & Woods upped their price target on Genworth Financial from $10.50 to $11.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Weiss Ratings raised Genworth Financial from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Finally, Wall Street Zen downgraded Genworth Financial from a “hold” rating to a “sell” rating in a research note on Sunday, May 17th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $11.00.

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.