Yousif Capital Management LLC Has $1.24 Million Stake in Genworth Financial, Inc. (NYSE:GNW)

Yousif Capital Management LLC trimmed its stake in Genworth Financial, Inc. (NYSE:GNW) by 3.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 174,668 shares of the financial services provider’s stock after selling 5,760 shares during the period. Yousif Capital Management LLC’s holdings in Genworth Financial were worth $1,238,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in GNW. Xponance Inc. boosted its position in shares of Genworth Financial by 9.5% during the 4th quarter. Xponance Inc. now owns 31,032 shares of the financial services provider’s stock valued at $217,000 after acquiring an additional 2,693 shares in the last quarter. New York State Teachers Retirement System boosted its position in shares of Genworth Financial by 2.5% during 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 acquiring an additional 13,633 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Genworth Financial by 4.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 948,125 shares of the financial services provider’s stock valued at $6,627,000 after purchasing an additional 36,035 shares in the last quarter. Truist Financial Corp acquired a new stake in Genworth Financial during the fourth quarter valued at approximately $105,000. Finally, Oppenheimer & Co. Inc. boosted its holdings in Genworth Financial by 12.7% during the fourth quarter. Oppenheimer & Co. Inc. now owns 44,300 shares of the financial services provider’s stock valued at $310,000 after purchasing an additional 5,000 shares in the last quarter. 81.85% of the stock is owned by institutional investors and hedge funds.

Genworth Financial Stock Performance

GNW stock opened at $6.83 on Wednesday. The business’s fifty day moving average is $6.87 and its 200-day moving average is $6.97. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.16. The company has a market cap of $2.83 billion, a P/E ratio of 13.66 and a beta of 1.03. Genworth Financial, Inc. has a twelve month low of $5.93 and a twelve month high of $7.90.

Genworth Financial (NYSE:GNW) last posted its earnings results on Wednesday, April 30th. The financial services provider reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.09). The firm had revenue of $1.76 billion during the quarter. Genworth Financial had a return on equity of 2.53% and a net margin of 2.97%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GNW. Wall Street Zen downgraded shares of Genworth Financial from a “hold” rating to a “sell” rating in a research note 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 report on Tuesday, May 13th.

About Genworth Financial

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.