River Road Asset Management LLC Has $119.14 Million Holdings in Genworth Financial, Inc. (NYSE:GNW)

River Road Asset Management LLC increased its stake in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 0.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,391,968 shares of the financial services provider's stock after acquiring an additional 131,634 shares during the period. Genworth Financial makes up approximately 1.6% of River Road Asset Management LLC's investment portfolio, making the stock its 14th biggest position. River Road Asset Management LLC owned approximately 3.97% of Genworth Financial worth $119,135,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. First Trust Direct Indexing L.P. grew its holdings in Genworth Financial by 9.9% during the first quarter. First Trust Direct Indexing L.P. now owns 19,670 shares of the financial services provider's stock worth $126,000 after acquiring an additional 1,780 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Genworth Financial by 61.0% in the 1st quarter. BNP Paribas Financial Markets now owns 226,534 shares of the financial services provider's stock worth $1,457,000 after purchasing an additional 85,867 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in Genworth Financial by 608.2% during the first quarter. Daiwa Securities Group Inc. now owns 34,700 shares of the financial services provider's stock valued at $223,000 after purchasing an additional 29,800 shares during the last quarter. GSA Capital Partners LLP boosted its holdings in Genworth Financial by 105.1% during the first quarter. GSA Capital Partners LLP now owns 129,099 shares of the financial services provider's stock worth $830,000 after buying an additional 66,146 shares in the last quarter. Finally, Evolution Advisers Inc. boosted its holdings in Genworth Financial by 170.7% during the first quarter. Evolution Advisers Inc. now owns 41,111 shares of the financial services provider's stock worth $265,000 after buying an additional 25,922 shares in the last quarter. Institutional investors and hedge funds own 81.85% of the company's stock.

Genworth Financial Trading Up 0.5 %

Shares of NYSE:GNW traded up $0.04 during midday trading on Tuesday, reaching $6.56. The company had a trading volume of 2,156,602 shares, compared to its average volume of 2,748,768. The company has a fifty day simple moving average of $6.85 and a two-hundred day simple moving average of $6.52. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 93.64 and a beta of 0.95. Genworth Financial, Inc. has a 1-year low of $5.32 and a 1-year high of $7.25. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.29 and a current ratio of 0.29.

Insider Buying and Selling at Genworth Financial

In other Genworth Financial news, CEO Thomas J. Mcinerney sold 150,000 shares of Genworth Financial stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $6.88, for a total transaction of $1,032,000.00. Following the transaction, the chief executive officer now directly owns 4,532,954 shares in the company, valued at approximately $31,186,723.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.80% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Genworth Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, October 29th.

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.