Genworth Financial, Inc. $GNW Stock Holdings Lessened by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its stake in shares of Genworth Financial, Inc. (NYSE:GNW) by 12.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,630,980 shares of the financial services provider’s stock after selling 226,325 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Genworth Financial were worth $14,728,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GNW. Salomon & Ludwin LLC increased its stake in Genworth Financial by 1,731.8% in the 3rd quarter. Salomon & Ludwin LLC now owns 3,279 shares of the financial services provider’s stock valued at $29,000 after buying an additional 3,100 shares during the period. Bessemer Group Inc. boosted its stake in shares of Genworth Financial by 60.6% during the 3rd quarter. Bessemer Group Inc. now owns 3,830 shares of the financial services provider’s stock valued at $34,000 after buying an additional 1,445 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Genworth Financial during the 2nd quarter valued at $44,000. Larson Financial Group LLC grew its holdings in shares of Genworth Financial by 12,597.7% during the 3rd quarter. Larson Financial Group LLC now owns 5,587 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 5,543 shares in the last quarter. Finally, Danske Bank A S purchased a new position in shares of Genworth Financial during the 3rd quarter valued at $60,000. 81.85% of the stock is owned by hedge funds and other institutional investors.

Genworth Financial Trading Up 1.9%

Shares of GNW stock opened at $8.32 on Friday. Genworth Financial, Inc. has a 12 month low of $5.99 and a 12 month high of $9.28. The company has a market cap of $3.22 billion, a PE ratio of 15.69 and a beta of 1.00. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average is $8.45 and its two-hundred day moving average is $8.64.

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

Analyst Upgrades and Downgrades

GNW has been the subject of several recent research reports. Wall Street Zen lowered Genworth Financial from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Weiss Ratings downgraded Genworth Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 5th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $10.50 target price on shares of Genworth Financial in a research report on Thursday. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $10.50.

About Genworth Financial

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.