Prudential Financial Inc. Acquires 2,296,538 Shares of Genworth Financial, Inc. (NYSE:GNW)

Prudential Financial Inc. lifted its holdings in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 70.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,567,978 shares of the financial services provider's stock after acquiring an additional 2,296,538 shares during the period. Prudential Financial Inc. owned approximately 1.30% of Genworth Financial worth $38,920,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. LPL Financial LLC boosted its holdings in Genworth Financial by 44.0% in the 4th quarter. LPL Financial LLC now owns 33,163 shares of the financial services provider's stock valued at $232,000 after purchasing an additional 10,135 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of Genworth Financial in the fourth quarter valued at approximately $628,000. American Century Companies Inc. grew its position in Genworth Financial by 8.8% during the fourth quarter. American Century Companies Inc. now owns 7,220,342 shares of the financial services provider's stock worth $50,470,000 after buying an additional 582,147 shares in the last quarter. Quantbot Technologies LP bought a new position in Genworth Financial during the 4th quarter worth $248,000. Finally, Teacher Retirement System of Texas raised its holdings in Genworth Financial by 123.1% in the 4th quarter. Teacher Retirement System of Texas now owns 313,347 shares of the financial services provider's stock valued at $2,190,000 after acquiring an additional 172,918 shares in the last quarter. 81.85% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Genworth Financial Price Performance

Shares of NYSE:GNW traded down $0.18 during trading on Friday, reaching $7.08. 3,321,413 shares of the company traded hands, compared to its average volume of 3,310,733. The firm has a market capitalization of $2.96 billion, a PE ratio of 10.41 and a beta of 1.02. Genworth Financial, Inc. has a 52 week low of $5.67 and a 52 week high of $7.90. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.16. The company's 50 day moving average is $6.99 and its two-hundred day moving average is $7.05.

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

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.