Dimensional Fund Advisors LP Purchases 270,062 Shares of Genworth Financial, Inc. $GNW

Key Points

• Dimensional Fund Advisors increased its stake in Genworth Financial (GNW) by 270,062 shares in Q3, bringing its holding to 26,493,475 shares (about 6.63%) valued at roughly $235.8 million.
• Institutional investors own about 81.85% of GNW, with other notable moves including American Century adding 704,498 shares and several firms opening new positions during the quarter.
• GNW trades near $8.45 with a market cap of $3.28 billion and a P/E of 15.94; it reported Q earnings of $0.02 EPS (missed estimates) and carries a consensus analyst target of about $10.00.

Dimensional Fund Advisors LP increased its position in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 1.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,493,475 shares of the financial services provider's stock after purchasing an additional 270,062 shares during the quarter. Dimensional Fund Advisors LP owned approximately 6.63% of Genworth Financial worth $235,793,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Journey Strategic Wealth LLC acquired a new position in shares of Genworth Financial in the 3rd quarter valued at $103,000. American Century Companies Inc. increased its stake in Genworth Financial by 7.9% in the third quarter. American Century Companies Inc. now owns 9,567,534 shares of the financial services provider's stock valued at $85,151,000 after acquiring an additional 704,498 shares during the period. Vestmark Advisory Solutions Inc. acquired a new position in Genworth Financial in the third quarter worth about $192,000. Bleakley Financial Group LLC bought a new position in Genworth Financial during the third quarter worth about $329,000. Finally, Jupiter Asset Management Ltd. bought a new position in Genworth Financial during the third quarter worth about $3,842,000. Institutional investors and hedge funds own 81.85% of the company's stock.

Genworth Financial Price Performance

NYSE:GNW opened at $8.45 on Friday. The firm has a market cap of $3.28 billion, a PE ratio of 15.94 and a beta of 1.00. Genworth Financial, Inc. has a 12 month low of $5.99 and a 12 month high of $9.28. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.15. The company's 50-day moving average price is $8.66 and its two-hundred day moving average price is $8.69.

Genworth Financial (NYSE:GNW - Get Free Report) last posted its quarterly earnings data on Monday, February 23rd. The financial services provider reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.14). Genworth Financial had a return on equity of 1.48% and a net margin of 3.05%.The firm had revenue of $1.04 billion for the quarter.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Weiss Ratings cut Genworth Financial from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday. Wall Street Zen cut Genworth Financial from a "hold" rating to a "sell" rating in a research report on Saturday, February 28th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $10.00.

Genworth Financial Profile

Genworth Financial NYSE: GNW is a leading financial security company offering a broad range of insurance products. Based in Richmond, Virginia, Genworth provides individuals and families with solutions designed to protect against long-term care expenses, secure life insurance needs and support homeownership through private mortgage insurance. With operations spanning the United States, Canada and Australia, the company serves both retail and institutional clients through a diversified portfolio of risk management services.

The company's Private Mortgage Insurance (PMI) segment offers coverage to lenders and consumers in the US, Canada and Australia, enabling homebuyers to purchase properties with lower down payments.

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