Boone Capital Management LLC Purchases Shares of 1,536,612 Genworth Financial, Inc. (NYSE:GNW)

Boone Capital Management LLC purchased a new position in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,536,612 shares of the financial services provider's stock, valued at approximately $10,741,000. Genworth Financial makes up about 3.6% of Boone Capital Management LLC's portfolio, making the stock its 12th biggest holding. Boone Capital Management LLC owned 0.36% of Genworth Financial at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in GNW. Donald Smith & CO. Inc. increased its stake in Genworth Financial by 3.7% in the 4th quarter. Donald Smith & CO. Inc. now owns 25,949,469 shares of the financial services provider's stock worth $181,387,000 after purchasing an additional 934,175 shares during the period. American Century Companies Inc. grew its holdings in shares of Genworth Financial by 8.8% in 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 purchasing an additional 582,147 shares during the last quarter. Northern Trust Corp increased its stake in shares of Genworth Financial by 18.1% in the fourth quarter. Northern Trust Corp now owns 6,025,178 shares of the financial services provider's stock worth $42,116,000 after buying an additional 922,126 shares during the period. Prudential Financial Inc. raised its holdings in Genworth Financial by 70.2% during 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 buying an additional 2,296,538 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in 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 valued at $36,313,000 after buying an additional 99,120 shares during the last quarter. Hedge funds and other institutional investors own 81.85% of the company's stock.

Genworth Financial Price Performance

Shares of Genworth Financial stock opened at $6.92 on Tuesday. The company's fifty day simple moving average is $6.76 and its two-hundred day simple moving average is $7.01. Genworth Financial, Inc. has a 12-month low of $5.87 and a 12-month high of $7.90. The firm has a market cap of $2.88 billion, a PE ratio of 10.17 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 posted its earnings results on Wednesday, April 30th. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.09). Genworth Financial had a return on equity of 2.96% and a net margin of 4.10%. The business had revenue of $1.76 billion during the quarter.

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.

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