2,150,748 Shares in Genworth Financial, Inc. (NYSE:GNW) Bought by Norges Bank

Norges Bank acquired a new stake in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,150,748 shares of the financial services provider's stock, valued at approximately $15,034,000. Norges Bank owned approximately 0.50% of Genworth Financial as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. FMR LLC lifted its holdings 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 acquiring an additional 894,053 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of 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 worth $1,365,000 after purchasing an additional 94,130 shares during the period. Kovitz Investment Group Partners LLC purchased a new position in shares of Genworth Financial in the third quarter worth approximately $142,000. XTX Topco Ltd boosted its holdings in shares of Genworth Financial by 33.4% in the third quarter. XTX Topco Ltd now owns 125,438 shares of the financial services provider's stock worth $859,000 after buying an additional 31,379 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd grew its position in Genworth Financial by 12.5% during the third quarter. Y Intercept Hong Kong Ltd now owns 117,351 shares of the financial services provider's stock valued at $804,000 after buying an additional 13,042 shares during the period. 81.85% of the stock is owned by hedge funds and other institutional investors.

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Genworth Financial Stock Performance

Shares of NYSE:GNW traded up $0.03 during midday trading on Friday, hitting $6.55. The company had a trading volume of 9,300,253 shares, compared to its average volume of 3,530,172. Genworth Financial, Inc. has a 12-month low of $5.67 and a 12-month high of $7.90. The company has a fifty day moving average of $6.87 and a two-hundred day moving average of $7.04. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 9.63 and a beta of 0.95. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.29 and a quick ratio of 0.29.

Genworth Financial (NYSE:GNW - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The financial services provider reported $0.04 EPS 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 company had revenue of $1.82 billion during the quarter. During the same period last year, the firm posted ($0.51) EPS.

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.