Connor Clark & Lunn Investment Management Ltd. Acquires 368,413 Shares of Genworth Financial, Inc. (NYSE:GNW)

Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) by 85.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 799,542 shares of the financial services provider's stock after acquiring an additional 368,413 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.19% of Genworth Financial worth $5,589,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. FMR LLC boosted its stake in shares of Genworth Financial by 18.7% in the 3rd quarter. FMR LLC now owns 5,675,896 shares of the financial services provider's stock valued at $38,880,000 after purchasing an additional 894,053 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Genworth Financial by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,195,012 shares of the financial services provider's stock worth $36,313,000 after acquiring an additional 99,120 shares in the last quarter. Whitefort Capital Management LP boosted its stake 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 worth $20,461,000 after buying an additional 990,000 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in shares of Genworth Financial by 19.1% during the 3rd 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 in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Genworth Financial by 1.7% in the 4th quarter. Principal Financial Group Inc. now owns 2,071,155 shares of the financial services provider's stock valued at $14,477,000 after purchasing an additional 34,548 shares during the last quarter. 81.85% of the stock is owned by institutional investors.

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Genworth Financial Price Performance

Shares of NYSE GNW traded up $0.14 during midday trading on Thursday, reaching $7.06. The company's stock had a trading volume of 7,884,150 shares, compared to its average volume of 4,616,961. 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 company has a market cap of $2.95 billion, a P/E ratio of 10.38 and a beta of 1.02. The business's 50 day moving average price is $6.94 and its two-hundred day moving average price 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 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 for the quarter. During the same quarter in the prior year, the business posted ($0.51) earnings per share.

Analyst Ratings Changes

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

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.