Brandywine Global Investment Management LLC Has $8.17 Million Stock Position in Genworth Financial, Inc. $GNW

Brandywine Global Investment Management LLC reduced its holdings in shares of Genworth Financial, Inc. (NYSE:GNW) by 3.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,049,852 shares of the financial services provider’s stock after selling 41,300 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Genworth Financial were worth $8,168,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Blueshift Asset Management LLC acquired a new position in Genworth Financial during the first quarter worth about $71,000. Haven Private LLC acquired a new stake in shares of Genworth Financial in the 2nd quarter valued at approximately $88,000. Strs Ohio bought a new stake in shares of Genworth Financial during the 1st quarter valued at approximately $82,000. GAMMA Investing LLC increased its position in Genworth Financial by 29.5% during the 2nd quarter. GAMMA Investing LLC now owns 11,770 shares of the financial services provider’s stock worth $92,000 after purchasing an additional 2,679 shares in the last quarter. Finally, CWM LLC increased its position in Genworth Financial by 113.6% during the 2nd quarter. CWM LLC now owns 12,788 shares of the financial services provider’s stock worth $99,000 after purchasing an additional 6,800 shares in the last quarter. 81.85% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Rohit Gupta sold 86,406 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $8.68, for a total transaction of $750,004.08. Following the completion of the transaction, the chief executive officer directly owned 794,630 shares in the company, valued at $6,897,388.40. This trade represents a 9.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Keefe, Bruyette & Woods raised their target price on shares of Genworth Financial from $9.50 to $10.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Weiss Ratings reissued a “buy (b-)” rating on shares of Genworth Financial in a report on Monday, November 17th. Finally, Wall Street Zen raised Genworth Financial from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Genworth Financial has a consensus rating of “Buy” and an average price target of $10.00.

Genworth Financial Price Performance

Shares of NYSE:GNW opened at $8.59 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.29 and a current ratio of 0.29. Genworth Financial, Inc. has a 52 week low of $5.99 and a 52 week high of $9.15. The firm has a market cap of $3.43 billion, a PE ratio of 16.20 and a beta of 1.05. The firm’s fifty day moving average is $8.65 and its 200-day moving average is $8.04.

Genworth Financial (NYSE:GNW) last announced its 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). The company had revenue of $1.04 billion for the quarter. Genworth Financial had a return on equity of 1.56% and a net margin of 3.01%.

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.