Handelsbanken Fonder AB Has $798,000 Holdings in Genworth Financial, Inc. (NYSE:GNW)

Handelsbanken Fonder AB lifted its stake in shares of Genworth Financial, Inc. (NYSE:GNW) by 56.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 112,490 shares of the financial services provider’s stock after buying an additional 40,400 shares during the quarter. Handelsbanken Fonder AB’s holdings in Genworth Financial were worth $798,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of GNW. Savant Capital LLC grew its holdings in Genworth Financial by 11.9% in the fourth quarter. Savant Capital LLC now owns 17,155 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 1,830 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Genworth Financial by 4.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 948,125 shares of the financial services provider’s stock valued at $6,627,000 after buying an additional 36,035 shares during the period. New York State Teachers Retirement System increased its position in Genworth Financial by 2.5% in the 4th quarter. New York State Teachers Retirement System now owns 550,940 shares of the financial services provider’s stock valued at $3,851,000 after buying an additional 13,633 shares in the last quarter. Principal Financial Group Inc. raised its stake in Genworth Financial by 1.7% during the 4th quarter. Principal Financial Group Inc. now owns 2,071,155 shares of the financial services provider’s stock worth $14,477,000 after buying an additional 34,548 shares during the period. Finally, AlphaCentric Advisors LLC bought a new position in Genworth Financial in the fourth quarter worth approximately $937,000. Institutional investors own 81.85% of the company’s stock.

Genworth Financial Stock Performance

Shares of GNW opened at $6.95 on Monday. The firm has a market capitalization of $2.88 billion, a P/E ratio of 10.22 and a beta of 1.03. Genworth Financial, Inc. has a 52 week low of $5.87 and a 52 week high of $7.90. The stock has a 50 day moving average price of $6.85 and a two-hundred day moving average price of $6.98. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.29 and a current ratio of 0.29.

Genworth Financial (NYSE:GNW) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.09). Genworth Financial had a return on equity of 2.96% and a net margin of 4.10%. The company had revenue of $1.76 billion for the quarter.

Analyst Ratings Changes

Several equities research analysts have recently commented on GNW shares. Wall Street Zen downgraded Genworth Financial from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. Keefe, Bruyette & Woods boosted their price target on shares of Genworth Financial from $8.00 to $8.50 and gave the company a “market perform” rating in a research note on Tuesday, May 13th.

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.