Financial Harvest LLC Invests $1.28 Million in Genworth Financial, Inc. (NYSE:GNW)

Financial Harvest LLC purchased a new position in Genworth Financial, Inc. (NYSE:GNW - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 180,898 shares of the financial services provider's stock, valued at approximately $1,283,000. Genworth Financial makes up about 0.9% of Financial Harvest LLC's investment portfolio, making the stock its 15th largest holding.

Other large investors also recently added to or reduced their stakes in the company. Byrne Asset Management LLC increased its position in Genworth Financial by 69.5% in the first quarter. Byrne Asset Management LLC now owns 7,595 shares of the financial services provider's stock worth $54,000 after purchasing an additional 3,115 shares during the last quarter. Pennington Partners & CO. LLC bought a new position in shares of Genworth Financial during the 4th quarter worth $84,000. Landscape Capital Management L.L.C. bought a new position in shares of Genworth Financial during the 4th quarter worth $85,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Genworth Financial during the 4th quarter worth $86,000. Finally, GTS Securities LLC purchased a new stake in Genworth Financial in the fourth quarter valued at about $93,000. 81.85% of the stock is owned by hedge funds and other institutional investors.

Genworth Financial Stock Performance

Shares of NYSE GNW remained flat at $7.45 during trading hours on Friday. The company had a trading volume of 5,568,349 shares, compared to its average volume of 4,707,381. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 14.90 and a beta of 1.06. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.29 and a current ratio of 0.29. Genworth Financial, Inc. has a 1 year low of $5.99 and a 1 year high of $8.08. The business's fifty day simple moving average is $7.30 and its 200-day simple moving average is $7.03.

Genworth Financial (NYSE:GNW - Get Free Report) last issued its earnings results on Wednesday, April 30th. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.09). Genworth Financial had a return on equity of 2.53% and a net margin of 2.97%. The business had revenue of $1.76 billion for the quarter.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Wall Street Zen cut Genworth Financial from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Keefe, Bruyette & Woods lifted their price target on Genworth Financial from $9.00 to $9.50 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th.

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.