Allspring Global Investments Holdings LLC Buys 7,502 Shares of Genworth Financial, Inc. (NYSE:GNW)

Allspring Global Investments Holdings LLC raised its position in shares of Genworth Financial, Inc. (NYSE:GNW) by 0.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 912,090 shares of the financial services provider’s stock after purchasing an additional 7,502 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Genworth Financial were worth $6,248,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Denali Advisors LLC lifted its stake in shares of Genworth Financial by 69.8% in the 1st quarter. Denali Advisors LLC now owns 530,300 shares of the financial services provider’s stock valued at $3,410,000 after purchasing an additional 218,000 shares during the period. First Trust Direct Indexing L.P. lifted its stake in Genworth Financial by 9.9% in the first quarter. First Trust Direct Indexing L.P. now owns 19,670 shares of the financial services provider’s stock valued at $126,000 after buying an additional 1,780 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of Genworth Financial by 1.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 306,136 shares of the financial services provider’s stock worth $1,968,000 after buying an additional 3,900 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Genworth Financial by 61.0% during the 1st quarter. BNP Paribas Financial Markets now owns 226,534 shares of the financial services provider’s stock worth $1,457,000 after buying an additional 85,867 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its position in shares of Genworth Financial by 608.2% during the 1st quarter. Daiwa Securities Group Inc. now owns 34,700 shares of the financial services provider’s stock worth $223,000 after buying an additional 29,800 shares during the period. Institutional investors own 81.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Genworth Financial from a “hold” rating to a “buy” rating in a research report on Monday, October 21st.

Genworth Financial Stock Performance

Shares of GNW opened at $6.74 on Monday. The stock has a 50-day moving average of $6.86 and a 200-day moving average of $6.48. Genworth Financial, Inc. has a one year low of $5.32 and a one year high of $7.25. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.29 and a quick ratio of 0.29. The company has a market cap of $2.95 billion, a PE ratio of 35.47 and a beta of 0.94.

Genworth Financial (NYSE:GNW) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.28 EPS for the quarter, beating the consensus estimate of $0.19 by $0.09. Genworth Financial had a return on equity of 0.25% and a net margin of 0.43%. The firm had revenue of $1.77 billion during the quarter. During the same quarter in the prior year, the firm earned $0.29 EPS.

Insider Buying and Selling at Genworth Financial

In other news, CEO Thomas J. Mcinerney sold 150,000 shares of Genworth Financial stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $6.88, for a total transaction of $1,032,000.00. Following the completion of the transaction, the chief executive officer now directly owns 4,532,954 shares in the company, valued at $31,186,723.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is currently owned by company insiders.

Genworth Financial Profile

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.