Charles Schwab Investment Management Inc. Grows Holdings in Genworth Financial, Inc. (NYSE:GNW)

Charles Schwab Investment Management Inc. grew its stake in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) by 1.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,195,012 shares of the financial services provider's stock after purchasing an additional 99,120 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.22% of Genworth Financial worth $36,313,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Repertoire Partners LP purchased a new stake in Genworth Financial during the third quarter worth about $6,850,000. Whitefort Capital Management LP lifted its position in shares of Genworth Financial by 49.6% during the 3rd quarter. Whitefort Capital Management LP now owns 2,986,960 shares of the financial services provider's stock valued at $20,461,000 after acquiring an additional 990,000 shares during the period. FMR LLC boosted its stake in shares of Genworth Financial by 18.7% during the 3rd quarter. FMR LLC now owns 5,675,896 shares of the financial services provider's stock worth $38,880,000 after acquiring an additional 894,053 shares in the last quarter. Verition Fund Management LLC grew its holdings in shares of Genworth Financial by 900.7% in the 3rd quarter. Verition Fund Management LLC now owns 970,185 shares of the financial services provider's stock worth $6,646,000 after acquiring an additional 873,237 shares during the period. Finally, Barclays PLC increased its stake in Genworth Financial by 291.2% in the 3rd quarter. Barclays PLC now owns 744,853 shares of the financial services provider's stock valued at $5,103,000 after purchasing an additional 554,462 shares in the last quarter. 81.85% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Genworth Financial from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th.

Genworth Financial Price Performance

NYSE GNW traded up $0.10 during trading hours on Wednesday, reaching $6.90. The company's stock had a trading volume of 3,962,932 shares, compared to its average volume of 4,519,354. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a market cap of $2.89 billion, a PE ratio of 10.14 and a beta of 1.02. The company's 50-day moving average is $6.94 and its two-hundred day moving average is $7.03. Genworth Financial, Inc. has a fifty-two week low of $5.67 and a fifty-two week high of $7.90.

Genworth Financial (NYSE:GNW - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The financial services provider reported $0.04 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.14). Genworth Financial had a net margin of 4.10% and a return on equity of 2.96%. The business had revenue of $1.82 billion during the quarter. During the same quarter in the previous year, the company earned ($0.51) EPS.

Genworth Financial 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.