KLP Kapitalforvaltning AS purchased 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 and Exchange Commission. The firm purchased 89,800 shares of the financial services provider's stock, valued at approximately $628,000.
Other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Genworth Financial by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,095,892 shares of the financial services provider's stock valued at $34,907,000 after purchasing an additional 92,849 shares during the last quarter. FMR LLC grew its position in Genworth Financial by 18.7% in the third 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. BNP Paribas Financial Markets increased its stake in Genworth Financial by 89.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 199,290 shares of the financial services provider's stock valued at $1,365,000 after buying an additional 94,130 shares during the last quarter. Paloma Partners Management Co lifted its position in Genworth Financial by 63.7% during the 3rd quarter. Paloma Partners Management Co now owns 63,853 shares of the financial services provider's stock worth $437,000 after buying an additional 24,842 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in 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 buying an additional 348,627 shares in the last quarter. 81.85% of the stock is currently owned by institutional investors.
Genworth Financial Stock Down 5.6 %
Shares of NYSE GNW traded down $0.37 during mid-day trading on Monday, hitting $6.14. The company had a trading volume of 9,593,263 shares, compared to its average volume of 3,431,289. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.16. The firm has a 50-day simple moving average of $6.97 and a two-hundred day simple moving average of $7.06. The company has a market capitalization of $2.57 billion, a PE ratio of 9.02 and a beta of 0.95. Genworth Financial, Inc. has a one year low of $5.67 and a one year high of $7.90.
Genworth Financial (NYSE:GNW - Get Free Report) last posted 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). The company had revenue of $1.82 billion during the quarter. Genworth Financial had a net margin of 4.10% and a return on equity of 2.96%. During the same period last year, the company posted ($0.51) EPS.
Genworth Financial Company Profile
(
Free Report)
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.
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