Genworth Financial, Inc. (NYSE:GNW) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its stake in shares of Genworth Financial, Inc. (NYSE:GNW) by 26.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 779,655 shares of the financial services provider’s stock after selling 286,920 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Genworth Financial were worth $5,208,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of GNW. Illinois Municipal Retirement Fund acquired a new stake in shares of Genworth Financial in the 3rd quarter valued at $1,666,000. AQR Capital Management LLC raised its stake in Genworth Financial by 14.2% in the third quarter. AQR Capital Management LLC now owns 1,752,247 shares of the financial services provider’s stock valued at $10,268,000 after buying an additional 217,556 shares in the last quarter. Invesco Ltd. lifted its holdings in Genworth Financial by 7.2% during the 3rd quarter. Invesco Ltd. now owns 5,234,864 shares of the financial services provider’s stock worth $30,676,000 after buying an additional 350,729 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Genworth Financial by 361.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 160,914 shares of the financial services provider’s stock worth $943,000 after acquiring an additional 126,037 shares in the last quarter. Finally, Natixis Advisors L.P. increased its holdings in shares of Genworth Financial by 19.6% in the 3rd quarter. Natixis Advisors L.P. now owns 109,863 shares of the financial services provider’s stock valued at $644,000 after acquiring an additional 18,025 shares during the last quarter. Hedge funds and other institutional investors own 81.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods upped their price target on Genworth Financial from $6.50 to $7.00 and gave the company a “market perform” rating in a report on Wednesday, April 10th.

Genworth Financial Stock Performance

Shares of GNW opened at $5.88 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.19. Genworth Financial, Inc. has a 52-week low of $4.51 and a 52-week high of $6.93. The company has a 50-day simple moving average of $6.20 and a 200-day simple moving average of $6.17. The company has a market capitalization of $2.58 billion, a PE ratio of -588,000.00 and a beta of 1.06.

Genworth Financial (NYSE:GNW) last announced its quarterly earnings results on Wednesday, February 21st. The financial services provider reported ($0.51) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.70). Genworth Financial had a net margin of 0.21% and a negative return on equity of 0.23%. The business had revenue of $1.91 billion during the quarter. During the same quarter in the previous year, the business earned $0.35 earnings per share.

Genworth Financial 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.