Federated Hermes Inc. Has $6.83 Million Holdings in Genworth Financial, Inc. (NYSE:GNW)

Federated Hermes Inc. boosted its holdings in Genworth Financial, Inc. (NYSE:GNW) by 6.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,023,112 shares of the financial services provider’s stock after acquiring an additional 59,392 shares during the period. Federated Hermes Inc.’s holdings in Genworth Financial were worth $6,834,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Daiwa Securities Group Inc. acquired a new stake in shares of Genworth Financial during the 4th quarter worth $33,000. Versor Investments LP bought a new position in Genworth Financial in the 3rd quarter valued at about $71,000. Strs Ohio increased its holdings in Genworth Financial by 259.5% in the 3rd quarter. Strs Ohio now owns 15,100 shares of the financial services provider’s stock valued at $88,000 after buying an additional 10,900 shares during the period. Seven Eight Capital LP acquired a new position in shares of Genworth Financial in the 3rd quarter valued at approximately $94,000. Finally, Covestor Ltd boosted its position in shares of Genworth Financial by 16.8% during the 3rd quarter. Covestor Ltd now owns 16,817 shares of the financial services provider’s stock worth $99,000 after acquiring an additional 2,413 shares in the last quarter. Institutional investors own 81.85% of the company’s stock.

Analysts Set New Price Targets

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

Genworth Financial Stock Performance

Genworth Financial stock opened at $6.00 on Thursday. The stock has a market cap of $2.63 billion, a PE ratio of -599,500.00 and a beta of 1.06. 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 12-month low of $4.51 and a 12-month high of $6.93. The business’s 50-day moving average price is $6.18 and its two-hundred day moving average price is $6.17.

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). The company had revenue of $1.91 billion for the quarter. Genworth Financial had a net margin of 0.21% and a negative return on equity of 0.23%. During the same quarter in the previous year, the business earned $0.35 earnings per share.

Genworth Financial Company 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.