Voya Investment Management LLC Buys 191,384 Shares of Genworth Financial, Inc. $GNW

Voya Investment Management LLC lifted its stake in shares of Genworth Financial, Inc. (NYSE:GNW) by 30.5% during the third quarter, HoldingsChannel reports. The firm owned 817,996 shares of the financial services provider’s stock after acquiring an additional 191,384 shares during the quarter. Voya Investment Management LLC’s holdings in Genworth Financial were worth $7,280,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of Genworth Financial by 16.3% in the third quarter. GAMMA Investing LLC now owns 13,683 shares of the financial services provider’s stock valued at $122,000 after buying an additional 1,913 shares in the last quarter. Squarepoint Ops LLC lifted its stake in Genworth Financial by 50.9% in the second quarter. Squarepoint Ops LLC now owns 180,283 shares of the financial services provider’s stock valued at $1,403,000 after acquiring an additional 60,787 shares during the last quarter. Thrivent Financial for Lutherans grew its position in shares of Genworth Financial by 20.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 377,063 shares of the financial services provider’s stock valued at $2,934,000 after acquiring an additional 63,400 shares during the period. State of Wyoming increased its stake in shares of Genworth Financial by 326.2% during the 2nd quarter. State of Wyoming now owns 34,583 shares of the financial services provider’s stock worth $269,000 after purchasing an additional 26,469 shares during the last quarter. Finally, Hudson Bay Capital Management LP acquired a new stake in Genworth Financial in the 2nd quarter valued at about $5,616,000. Institutional investors and hedge funds own 81.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GNW. Wall Street Zen upgraded Genworth Financial from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Weiss Ratings restated a “buy (b-)” rating on shares of Genworth Financial in a research note on Monday. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Genworth Financial from $9.50 to $10.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $10.00.

Genworth Financial Price Performance

Genworth Financial stock opened at $9.14 on Thursday. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 17.24 and a beta of 1.02. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.15. Genworth Financial, Inc. has a 12 month low of $5.99 and a 12 month high of $9.28. The stock’s 50 day moving average is $8.66 and its 200-day moving average is $8.34.

Genworth Financial (NYSE:GNW) last released its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.02). Genworth Financial had a net margin of 3.01% and a return on equity of 1.56%. The firm had revenue of $1.04 billion during the quarter.

Genworth Financial Company Profile

Genworth Financial (NYSE: GNW) is a leading financial security company offering a broad range of insurance products. Based in Richmond, Virginia, Genworth provides individuals and families with solutions designed to protect against long-term care expenses, secure life insurance needs and support homeownership through private mortgage insurance. With operations spanning the United States, Canada and Australia, the company serves both retail and institutional clients through a diversified portfolio of risk management services.

The company’s Private Mortgage Insurance (PMI) segment offers coverage to lenders and consumers in the US, Canada and Australia, enabling homebuyers to purchase properties with lower down payments.