Universal Beteiligungs und Servicegesellschaft mbH Lowers Position in Genworth Financial, Inc. $GNW

Universal Beteiligungs und Servicegesellschaft mbH decreased its holdings in shares of Genworth Financial, Inc. (NYSE:GNW) by 72.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 128,157 shares of the financial services provider’s stock after selling 337,753 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Genworth Financial were worth $1,141,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Salomon & Ludwin LLC boosted its position in shares of Genworth Financial by 1,731.8% during the 3rd quarter. Salomon & Ludwin LLC now owns 3,279 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 3,100 shares during the last quarter. Headlands Technologies LLC bought a new stake in Genworth Financial during the second quarter valued at approximately $44,000. EverSource Wealth Advisors LLC grew its stake in Genworth Financial by 140.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,063 shares of the financial services provider’s stock worth $63,000 after buying an additional 4,708 shares in the last quarter. Seven Mile Advisory bought a new position in shares of Genworth Financial in the 2nd quarter worth $78,000. Finally, Strs Ohio purchased a new stake in shares of Genworth Financial during the 1st quarter valued at $82,000. 81.85% of the stock is currently owned by institutional investors.

Genworth Financial Stock Performance

NYSE GNW opened at $8.34 on Friday. The company has a 50-day simple moving average of $8.74 and a two-hundred day simple moving average of $8.56. Genworth Financial, Inc. has a 12-month low of $5.99 and a 12-month high of $9.28. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 15.74 and a beta of 1.06. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.15.

Genworth Financial (NYSE:GNW) last released its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). The company had revenue of $1.04 billion during the quarter. Genworth Financial had a return on equity of 1.56% and a net margin of 3.01%.

Analyst Ratings Changes

Several brokerages recently issued reports on GNW. Keefe, Bruyette & Woods upped their target price on shares of Genworth Financial from $9.50 to $10.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Wall Street Zen raised Genworth Financial from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, Weiss Ratings lowered Genworth Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 20th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $10.00.

Genworth Financial Company 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.