Universal Beteiligungs und Servicegesellschaft mbH Has $2.01 Million Stake in Genworth Financial, Inc. $GNW

Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Genworth Financial, Inc. (NYSE:GNW) by 73.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 222,624 shares of the financial services provider’s stock after acquiring an additional 94,467 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Genworth Financial were worth $2,010,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Salomon & Ludwin LLC grew its position in Genworth Financial by 1,731.8% in the third quarter. Salomon & Ludwin LLC now owns 3,279 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 3,100 shares in the last quarter. Bessemer Group Inc. grew its position in Genworth Financial by 60.6% in the third quarter. Bessemer Group Inc. now owns 3,830 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 1,445 shares in the last quarter. Headlands Technologies LLC bought a new position in Genworth Financial in the second quarter valued at $44,000. Larson Financial Group LLC grew its position in Genworth Financial by 12,597.7% in the third quarter. Larson Financial Group LLC now owns 5,587 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 5,543 shares in the last quarter. Finally, Danske Bank A S bought a new position in Genworth Financial in the third quarter valued at $60,000. Institutional investors own 81.85% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on GNW. Keefe, Bruyette & Woods reaffirmed a “moderate buy” rating and issued a $10.50 target price on shares of Genworth Financial in a research report on Thursday, March 26th. Weiss Ratings raised shares of Genworth Financial from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday. Finally, Wall Street Zen downgraded shares of Genworth Financial from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $10.50.

Genworth Financial Stock Performance

Shares of GNW opened at $8.82 on Friday. The firm has a 50-day moving average of $8.46 and a 200-day moving average of $8.61. Genworth Financial, Inc. has a one year low of $6.63 and a one year high of $9.28. The company has a market cap of $3.41 billion, a PE ratio of 16.63 and a beta of 0.89. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.29 and a quick ratio of 0.29.

Genworth Financial (NYSE:GNW) last announced its quarterly earnings data on Monday, February 23rd. The financial services provider reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.14). Genworth Financial had a net margin of 3.05% and a return on equity of 1.48%. The firm 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.