Federated Hermes Inc. Has $6.83 Million Holdings in Genworth Financial, Inc. (NYSE:GNW)

Federated Hermes Inc. boosted its stake in Genworth Financial, Inc. (NYSE:GNW) by 6.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,023,112 shares of the financial services provider’s stock after buying an additional 59,392 shares during the quarter. Federated Hermes Inc. owned approximately 0.23% of Genworth Financial worth $6,834,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of GNW. WINTON GROUP Ltd lifted its holdings in shares of Genworth Financial by 617.7% during the third quarter. WINTON GROUP Ltd now owns 666,047 shares of the financial services provider’s stock valued at $3,903,000 after acquiring an additional 573,249 shares during the period. American Century Companies Inc. lifted its holdings in Genworth Financial by 10.2% during the 3rd quarter. American Century Companies Inc. now owns 5,209,312 shares of the financial services provider’s stock valued at $30,527,000 after purchasing an additional 481,059 shares during the last quarter. FMR LLC boosted its position in Genworth Financial by 9.9% in the third quarter. FMR LLC now owns 4,072,437 shares of the financial services provider’s stock valued at $23,864,000 after buying an additional 368,388 shares in the last quarter. Invesco Ltd. grew its stake in Genworth Financial by 7.2% during the third quarter. Invesco Ltd. now owns 5,234,864 shares of the financial services provider’s stock worth $30,676,000 after buying an additional 350,729 shares during the last quarter. Finally, Moody Aldrich Partners LLC acquired a new stake in shares of Genworth Financial during the fourth quarter worth approximately $2,266,000. 81.85% of the stock is currently owned by institutional investors.

Genworth Financial Stock Performance

Shares of NYSE:GNW opened at $6.00 on Thursday. The business has a fifty day moving average of $6.18 and a 200-day moving average of $6.17. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.30 and a current ratio of 0.30. Genworth Financial, Inc. has a twelve month low of $4.51 and a twelve month high of $6.93. The firm has a market cap of $2.63 billion, a PE ratio of -599,500.00 and a beta of 1.06.

Genworth Financial (NYSE:GNW) last issued its quarterly earnings data on Wednesday, February 21st. The financial services provider reported ($0.51) EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.70). Genworth Financial had a negative return on equity of 0.23% and a net margin of 0.21%. The company had revenue of $1.91 billion for the quarter. During the same quarter in the prior year, the company posted $0.35 earnings per share.

Analyst Upgrades and Downgrades

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

Genworth Financial Company 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.