Great Lakes Advisors LLC Has $500,000 Position in Genworth Financial, Inc. (NYSE:GNW)

Great Lakes Advisors LLC lessened its stake in Genworth Financial, Inc. (NYSE:GNW) by 23.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 71,536 shares of the financial services provider’s stock after selling 21,614 shares during the period. Great Lakes Advisors LLC’s holdings in Genworth Financial were worth $500,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. HighTower Advisors LLC lifted its position in shares of Genworth Financial by 14.0% in the 4th quarter. HighTower Advisors LLC now owns 17,590 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 2,154 shares during the period. Wealthfront Advisers LLC acquired a new position in shares of Genworth Financial in the fourth quarter valued at $156,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Genworth Financial by 15.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 127,621 shares of the financial services provider’s stock worth $892,000 after purchasing an additional 16,937 shares during the period. AlphaQuest LLC acquired a new stake in Genworth Financial during the fourth quarter worth $2,877,000. Finally, Amundi lifted its holdings in shares of Genworth Financial by 183.1% during the 4th quarter. Amundi now owns 215,289 shares of the financial services provider’s stock worth $1,466,000 after acquiring an additional 139,231 shares during the period. 81.85% of the stock is owned by institutional investors and hedge funds.

Genworth Financial Price Performance

Shares of GNW stock opened at $6.64 on Monday. The stock’s fifty day simple moving average is $6.95 and its 200 day simple moving average is $7.03. Genworth Financial, Inc. has a one year low of $5.67 and a one year high of $7.90. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 9.76 and a beta of 1.02. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.29 and a quick ratio of 0.29.

Genworth Financial (NYSE:GNW) last issued its earnings results on Tuesday, February 18th. The financial services provider reported $0.04 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.14). The firm had revenue of $1.82 billion during the quarter. Genworth Financial had a net margin of 4.10% and a return on equity of 2.96%. During the same quarter in the previous year, the company earned ($0.51) EPS.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Genworth Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th.

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.