Truist Financial Corp purchased a new stake in shares of Genworth Financial, Inc. (NYSE:GNW – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 81,620 shares of the financial services provider’s stock, valued at approximately $545,000.
Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC bought a new stake in shares of Genworth Financial during the fourth quarter valued at approximately $56,000. New York State Common Retirement Fund lifted its position in 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 worth $2,553,000 after purchasing an additional 94,252 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in Genworth Financial during the fourth quarter worth $22,482,000. Pathway Financial Advisors LLC bought a new stake in Genworth Financial in the 4th quarter valued at $71,000. Finally, Federated Hermes Inc. raised its stake in shares of Genworth Financial by 6.2% in the 4th quarter. Federated Hermes Inc. now owns 1,023,112 shares of the financial services provider’s stock valued at $6,834,000 after buying an additional 59,392 shares in the last quarter. Institutional investors and hedge funds own 81.85% of the company’s stock.
Analysts Set New Price Targets
Separately, Keefe, Bruyette & Woods lifted their target price on shares of Genworth Financial from $6.50 to $7.00 and gave the company a “market perform” rating in a research report on Wednesday, April 10th.
View Our Latest Analysis on GNW
Genworth Financial Trading Up 1.2 %
GNW stock opened at $6.60 on Friday. Genworth Financial, Inc. has a 1-year low of $4.83 and a 1-year high of $6.93. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average is $6.25 and its 200-day moving average is $6.22. The firm has a market cap of $2.89 billion, a P/E ratio of 34.69 and a beta of 1.08.
Genworth Financial (NYSE:GNW – Get Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $0.19 EPS for the quarter. Genworth Financial had a negative return on equity of 0.21% and a net margin of 1.24%. The business had revenue of $1.86 billion for the quarter.
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.
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Source: defenseworld.net
