Financial Harvest LLC Purchases New Position in Genworth Financial, Inc. (NYSE:GNW)

Financial Harvest LLC bought a new stake in Genworth Financial, Inc. (NYSE:GNW - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 180,898 shares of the financial services provider's stock, valued at approximately $1,283,000. Genworth Financial comprises 0.9% of Financial Harvest LLC's holdings, making the stock its 15th biggest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in Genworth Financial in the 4th quarter valued at $7,496,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Genworth Financial by 15.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 127,621 shares of the financial services provider's stock valued at $892,000 after purchasing an additional 16,937 shares during the period. HighTower Advisors LLC boosted its holdings in Genworth Financial by 14.0% in the 4th quarter. HighTower Advisors LLC now owns 17,590 shares of the financial services provider's stock valued at $123,000 after purchasing an additional 2,154 shares during the period. Cibc World Markets Corp bought a new stake in Genworth Financial in the 4th quarter valued at $282,000. Finally, Xponance Inc. boosted its holdings in Genworth Financial by 9.5% in the 4th quarter. Xponance Inc. now owns 31,032 shares of the financial services provider's stock valued at $217,000 after purchasing an additional 2,693 shares during the period. 81.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GNW has been the subject of a number of research reports. Keefe, Bruyette & Woods increased their price target on shares of Genworth Financial from $9.00 to $9.50 and gave the company an "outperform" rating in a report on Wednesday, July 9th. Wall Street Zen downgraded shares of Genworth Financial from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd.

Genworth Financial Price Performance

Shares of NYSE:GNW traded up $0.09 during midday trading on Tuesday, reaching $7.48. 2,889,742 shares of the company's stock were exchanged, compared to its average volume of 4,713,905. The company's 50 day simple moving average is $7.30 and its two-hundred day simple moving average is $7.03. The firm has a market capitalization of $3.10 billion, a PE ratio of 14.95 and a beta of 1.06. Genworth Financial, Inc. has a 12 month low of $5.99 and a 12 month high of $8.08. 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 (NYSE:GNW - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.09). The business had revenue of $1.76 billion for the quarter. Genworth Financial had a return on equity of 2.53% and a net margin of 2.97%.

Genworth Financial 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.