River Road Asset Management LLC Has $120.35 Million Stock Position in Genworth Financial, Inc. (NYSE:GNW)

River Road Asset Management LLC lessened its holdings in shares of Genworth Financial, Inc. (NYSE:GNW) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,217,623 shares of the financial services provider’s stock after selling 174,345 shares during the quarter. Genworth Financial accounts for approximately 1.6% of River Road Asset Management LLC’s holdings, making the stock its 12th largest holding. River Road Asset Management LLC owned 4.03% of Genworth Financial worth $120,351,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in Genworth Financial by 18.7% in the third quarter. FMR LLC now owns 5,675,896 shares of the financial services provider’s stock valued at $38,880,000 after buying an additional 894,053 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Genworth Financial by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,195,012 shares of the financial services provider’s stock worth $36,313,000 after acquiring an additional 99,120 shares during the period. Whitefort Capital Management LP lifted its position in Genworth Financial by 49.6% in the 3rd quarter. Whitefort Capital Management LP now owns 2,986,960 shares of the financial services provider’s stock valued at $20,461,000 after acquiring an additional 990,000 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in Genworth Financial by 19.1% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,171,821 shares of the financial services provider’s stock worth $14,877,000 after purchasing an additional 348,627 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in Genworth Financial by 1.7% during the 4th quarter. Principal Financial Group Inc. now owns 2,071,155 shares of the financial services provider’s stock worth $14,477,000 after purchasing an additional 34,548 shares in the last quarter. 81.85% of the stock is currently owned by institutional investors.

Genworth Financial Trading Down 2.6 %

NYSE:GNW opened at $6.49 on Tuesday. The company has a market cap of $2.72 billion, a P/E ratio of 9.54 and a beta of 1.02. Genworth Financial, Inc. has a twelve month low of $5.67 and a twelve month high of $7.90. The business has a 50 day moving average price of $6.98 and a two-hundred day moving average price of $7.04. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.16.

Genworth Financial (NYSE:GNW) last released its earnings results on Tuesday, February 18th. The financial services provider reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.14). Genworth Financial had a net margin of 4.10% and a return on equity of 2.96%. The business had revenue of $1.82 billion during the quarter. During the same period in the prior year, the business posted ($0.51) earnings per share.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Genworth Financial from a “buy” rating to a “hold” rating in a 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.