40,291 Shares in Genworth Financial, Inc. (NYSE:GNW) Purchased by Cibc World Markets Corp

Cibc World Markets Corp bought a new stake in Genworth Financial, Inc. (NYSE:GNW - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 40,291 shares of the financial services provider's stock, valued at approximately $282,000.

A number of other hedge funds have also made changes to their positions in the company. Verition Fund Management LLC lifted its position in shares of Genworth Financial by 900.7% in the third quarter. Verition Fund Management LLC now owns 970,185 shares of the financial services provider's stock valued at $6,646,000 after acquiring an additional 873,237 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Genworth Financial by 30.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,947,016 shares of the financial services provider's stock worth $13,337,000 after purchasing an additional 450,329 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Genworth Financial by 19.1% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,171,821 shares of the financial services provider's stock worth $14,877,000 after purchasing an additional 348,627 shares during the last quarter. Barclays PLC grew its position in shares of Genworth Financial by 291.2% in the third 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 during the period. Finally, Repertoire Partners LP acquired a new position in Genworth Financial in the third quarter valued at $6,850,000. Hedge funds and other institutional investors own 81.85% of the company's stock.

Remove Ads

Genworth Financial Trading Down 2.5 %

NYSE GNW traded down $0.18 during trading hours on Friday, hitting $7.08. 3,321,413 shares of the company's stock were exchanged, compared to its average volume of 3,310,733. 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 firm has a market capitalization of $2.96 billion, a P/E ratio of 10.41 and a beta of 1.02. The business's 50 day moving average is $6.99 and its 200-day moving average is $7.05. Genworth Financial, Inc. has a 12-month low of $5.67 and a 12-month high of $7.90.

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

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.