Donald Smith & CO. Inc. Buys 934,175 Shares of Genworth Financial, Inc. (NYSE:GNW)

Donald Smith & CO. Inc. raised its stake in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,949,469 shares of the financial services provider's stock after buying an additional 934,175 shares during the quarter. Genworth Financial comprises about 4.3% of Donald Smith & CO. Inc.'s investment portfolio, making the stock its 2nd biggest position. Donald Smith & CO. Inc. owned about 6.08% of Genworth Financial worth $181,387,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of GNW. American Century Companies Inc. boosted its stake in shares of 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 valued at $50,470,000 after acquiring an additional 582,147 shares during the last quarter. FMR LLC lifted its holdings in 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 in the last quarter. Prudential Financial Inc. lifted its holdings in Genworth Financial by 70.2% in the 4th quarter. Prudential Financial Inc. now owns 5,567,978 shares of the financial services provider's stock valued at $38,920,000 after purchasing an additional 2,296,538 shares in the last quarter. Charles Schwab Investment Management Inc. boosted 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 purchasing an additional 99,120 shares during the last quarter. Finally, Whitefort Capital Management LP grew its holdings in shares of Genworth Financial by 49.6% during the third 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 in the last quarter. Hedge funds and other institutional investors own 81.85% of the company's stock.

Remove Ads

Genworth Financial Trading Up 2.5 %

Shares of NYSE:GNW traded up $0.16 during trading on Tuesday, reaching $6.31. The stock had a trading volume of 3,499,295 shares, compared to its average volume of 4,906,997. Genworth Financial, Inc. has a fifty-two week low of $5.67 and a fifty-two week high of $7.90. The business has a fifty day moving average price of $6.97 and a 200-day moving average price of $7.06. The stock has a market cap of $2.64 billion, a P/E ratio of 9.26 and a beta of 0.95. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.16.

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