Voya Investment Management LLC Has $6.20 Million Position in Genworth Financial, Inc. $GNW

Voya Investment Management LLC lifted its position in Genworth Financial, Inc. (NYSE:GNW) by 5.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 874,022 shares of the financial services provider’s stock after acquiring an additional 47,832 shares during the period. Voya Investment Management LLC owned approximately 0.21% of Genworth Financial worth $6,197,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of GNW. Donald Smith & CO. Inc. raised its stake in Genworth Financial by 4.5% during the 1st quarter. Donald Smith & CO. Inc. now owns 27,114,581 shares of the financial services provider’s stock worth $192,242,000 after buying an additional 1,165,112 shares during the period. American Century Companies Inc. raised its position in shares of Genworth Financial by 11.6% during the first quarter. American Century Companies Inc. now owns 8,056,534 shares of the financial services provider’s stock worth $57,121,000 after purchasing an additional 836,192 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Genworth Financial by 1.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,269,135 shares of the financial services provider’s stock valued at $37,358,000 after purchasing an additional 74,123 shares in the last quarter. Nuveen LLC bought a new position in shares of Genworth Financial during the 1st quarter valued at about $24,661,000. Finally, Nuveen Asset Management LLC grew its position in shares of Genworth Financial by 106.9% in the 4th quarter. Nuveen Asset Management LLC now owns 2,663,077 shares of the financial services provider’s stock valued at $18,615,000 after purchasing an additional 1,375,637 shares during the period. Institutional investors and hedge funds own 81.85% of the company’s stock.

Genworth Financial Stock Up 0.6%

Genworth Financial stock opened at $8.59 on Thursday. The company’s 50-day moving average price is $8.18 and its two-hundred day moving average price is $7.41. 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 stock has a market cap of $3.53 billion, a P/E ratio of 19.09 and a beta of 0.94. Genworth Financial, Inc. has a twelve month low of $5.99 and a twelve month high of $8.85.

Genworth Financial (NYSE:GNW) last released its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.11. Genworth Financial had a return on equity of 1.91% and a net margin of 2.61%.The business had revenue of $1.80 billion during the quarter.

Insiders Place Their Bets

In other Genworth Financial news, CEO Rohit Gupta sold 86,406 shares of the business’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $8.68, for a total value of $750,004.08. Following the completion of the sale, the chief executive officer owned 794,630 shares of the company’s stock, valued at $6,897,388.40. The trade was a 9.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.80% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on GNW. Keefe, Bruyette & Woods upped their target price on shares of Genworth Financial from $9.00 to $9.50 and gave the stock an “outperform” rating in a research note on Wednesday, July 9th. Wall Street Zen lowered shares of Genworth Financial from a “hold” rating to a “sell” rating in a research report on Sunday, September 7th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Genworth Financial presently has an average rating of “Buy” and a consensus price target of $9.50.

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.