Russell Investments Group Ltd. Has $8.56 Million Holdings in Genworth Financial, Inc. (NYSE:GNW)

Russell Investments Group Ltd. boosted its stake in Genworth Financial, Inc. (NYSE:GNW) by 18.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,279,201 shares of the financial services provider’s stock after buying an additional 199,189 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.28% of Genworth Financial worth $8,561,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of GNW. Truist Financial Corp acquired a new stake in shares of Genworth Financial during the fourth quarter worth approximately $545,000. GAMMA Investing LLC acquired a new position in shares of Genworth Financial during the fourth quarter worth approximately $56,000. New York State Common Retirement Fund increased its holdings in shares of Genworth Financial by 32.7% in the fourth quarter. New York State Common Retirement Fund now owns 382,208 shares of the financial services provider’s stock valued at $2,553,000 after purchasing an additional 94,252 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in Genworth Financial during the 4th quarter worth $22,482,000. Finally, Pathway Financial Advisors LLC bought a new position in Genworth Financial in the 4th quarter valued at $71,000. 81.85% of the stock is currently owned by institutional investors.

Genworth Financial Trading Up 2.7 %

NYSE:GNW opened at $6.67 on Tuesday. The business’s 50-day moving average price is $6.20 and its two-hundred day moving average price is $6.19. Genworth Financial, Inc. has a 1-year low of $4.83 and a 1-year high of $6.93. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 35.08 and a beta of 1.08. The company has a current ratio of 0.29, a quick ratio of 0.30 and a debt-to-equity ratio of 0.18.

Genworth Financial (NYSE:GNW) last announced its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $0.19 earnings per share for the quarter. Genworth Financial had a net margin of 1.24% and a negative return on equity of 0.21%. The company had revenue of $1.86 billion for the quarter.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods upped their price target on Genworth Financial from $6.50 to $7.00 and gave the company a “market perform” rating in a research note on Wednesday, April 10th.

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.