Today: Today: Pzena Investment Management LLC Buys 68,684 Shares of Genworth Financial Inc. (GNW)

Today: Pzena Investment Management LLC Buys 68,684 Shares of Genworth Financial Inc. (GNW)

Pzena Investment Management LLC raised its stake in Genworth Financial Inc. (NYSE:GNW) by 1.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,919,984 shares of the company’s stock after buying an additional 68,684 shares during the period. Pzena Investment Management LLC owned about 1.39% of Genworth Financial worth $34,323,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in GNW. Victory Capital Management Inc. acquired a new position in shares of Genworth Financial during the third quarter valued at about $29,761,000. BlackRock Fund Advisors boosted its position in shares of Genworth Financial by 26.0% in the second quarter. BlackRock Fund Advisors now owns 20,472,445 shares of the company’s stock valued at $52,819,000 after buying an additional 4,223,090 shares in the last quarter. State Street Corp boosted its position in shares of Genworth Financial by 16.9% in the second quarter. State Street Corp now owns 21,007,742 shares of the company’s stock valued at $54,201,000 after buying an additional 3,035,196 shares in the last quarter. Emerald Acquisition Ltd. acquired a new position in shares of Genworth Financial during the second quarter valued at about $5,857,000. Finally, Vanguard Group Inc. boosted its position in shares of Genworth Financial by 6.0% in the second quarter. Vanguard Group Inc. now owns 36,006,431 shares of the company’s stock valued at $92,895,000 after buying an additional 2,028,101 shares in the last quarter. 75.16% of the stock is currently owned by institutional investors.

Genworth Financial Inc. (NYSE:GNW) traded down 1.261% during mid-day trading on Monday, hitting $4.305. 2,003,967 shares of the company traded hands. The company’s market capitalization is $2.15 billion. The company’s 50-day moving average price is $4.53 and its 200 day moving average price is $3.93. Genworth Financial Inc. has a one year low of $1.57 and a one year high of $5.27.

Several research analysts have commented on GNW shares. Zacks Investment Research upgraded shares of Genworth Financial from a “hold” rating to a “buy” rating and set a $5.50 target price for the company in a report on Monday, October 3rd. Compass Point cut shares of Genworth Financial from a “buy” rating to a “neutral” rating in a report on Monday, September 19th. BTIG Research reiterated a “buy” rating and issued a $5.00 target price on shares of Genworth Financial in a report on Thursday, August 4th. Goldman Sachs Group Inc. raised their target price on shares of Genworth Financial from $3.00 to $4.00 and gave the stock a “neutral” rating in a report on Friday, September 23rd. Finally, Wells Fargo & Co. started coverage on shares of Genworth Financial in a report on Friday, September 23rd. They issued a “market perform” rating for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $4.42.

Genworth Financial Company Profile

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