Investors Asset Management of Georgia Inc. GA ADV Has $134,000 Position in Genworth Financial, Inc. (NYSE:GNW)

Investors Asset Management of Georgia Inc. GA ADV reduced its position in shares of Genworth Financial, Inc. (NYSE:GNW) by 13.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,000 shares of the financial services provider’s stock after selling 3,000 shares during the quarter. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Genworth Financial were worth $134,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in GNW. Federated Hermes Inc. increased its stake in shares of Genworth Financial by 6.2% in the fourth quarter. Federated Hermes Inc. now owns 1,023,112 shares of the financial services provider’s stock worth $6,834,000 after acquiring an additional 59,392 shares during the last quarter. Daiwa Securities Group Inc. acquired a new position in shares of Genworth Financial in the fourth quarter worth $33,000. Strs Ohio increased its stake in shares of Genworth Financial by 25.8% in the fourth quarter. Strs Ohio now owns 19,000 shares of the financial services provider’s stock worth $126,000 after acquiring an additional 3,900 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in shares of Genworth Financial in the fourth quarter worth $1,508,000. Finally, Moody Aldrich Partners LLC acquired a new position in shares of Genworth Financial in the fourth quarter worth $2,266,000. 81.85% of the stock is owned by institutional investors and hedge funds.

Genworth Financial Price Performance

Genworth Financial stock opened at $5.88 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.30 and a quick ratio of 0.30. Genworth Financial, Inc. has a one year low of $4.51 and a one year high of $6.93. The company’s fifty day moving average price is $6.20 and its two-hundred day moving average price is $6.17.

Genworth Financial (NYSE:GNW) last posted its earnings results on Wednesday, February 21st. The financial services provider reported ($0.51) EPS for the quarter, missing the consensus estimate of $0.19 by ($0.70). The business had revenue of $1.91 billion for the quarter. Genworth Financial had a negative return on equity of 0.23% and a net margin of 0.21%. During the same quarter last year, the firm earned $0.35 earnings per share.

Analyst Upgrades and Downgrades

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

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.