American Century Companies Inc. Has $85.15 Million Stock Holdings in Genworth Financial, Inc. $GNW

American Century Companies Inc. grew its position in Genworth Financial, Inc. (NYSE:GNW) by 7.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,567,534 shares of the financial services provider’s stock after purchasing an additional 704,498 shares during the quarter. American Century Companies Inc. owned approximately 2.40% of Genworth Financial worth $85,151,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Vestmark Advisory Solutions Inc. acquired a new position in Genworth Financial in the 3rd quarter valued at $192,000. Bleakley Financial Group LLC acquired a new position in Genworth Financial during the 3rd quarter worth $329,000. Jupiter Asset Management Ltd. bought a new stake in Genworth Financial during the third quarter valued at about $3,842,000. PNC Financial Services Group Inc. grew its position in shares of Genworth Financial by 2.0% in the third quarter. PNC Financial Services Group Inc. now owns 89,952 shares of the financial services provider’s stock valued at $801,000 after purchasing an additional 1,778 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its position in shares of Genworth Financial by 13.3% in the third quarter. Public Sector Pension Investment Board now owns 1,600,906 shares of the financial services provider’s stock valued at $14,248,000 after purchasing an additional 187,954 shares during the last quarter. 81.85% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Weiss Ratings raised Genworth Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 19th. Wall Street Zen downgraded Genworth Financial from a “hold” rating to a “sell” rating in a research report on Saturday. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Genworth Financial currently has an average rating of “Buy” and a consensus price target of $10.00.

Genworth Financial Stock Down 1.2%

Shares of GNW stock opened at $8.45 on Wednesday. Genworth Financial, Inc. has a one year low of $5.99 and a one year high of $9.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a fifty day moving average price of $8.70 and a 200 day moving average price of $8.69. The stock has a market cap of $3.28 billion, a P/E ratio of 15.94 and a beta of 1.00.

Genworth Financial (NYSE:GNW) last announced its quarterly earnings results on Monday, February 23rd. The financial services provider reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.14). The business had revenue of $1.04 billion during the quarter. Genworth Financial had a net margin of 3.05% and a return on equity of 1.48%.

Genworth Financial Profile

Genworth Financial (NYSE: GNW) is a leading financial security company offering a broad range of insurance products. Based in Richmond, Virginia, Genworth provides individuals and families with solutions designed to protect against long-term care expenses, secure life insurance needs and support homeownership through private mortgage insurance. With operations spanning the United States, Canada and Australia, the company serves both retail and institutional clients through a diversified portfolio of risk management services.

The company’s Private Mortgage Insurance (PMI) segment offers coverage to lenders and consumers in the US, Canada and Australia, enabling homebuyers to purchase properties with lower down payments.