Fox Run Management L.L.C. Takes Position in Genworth Financial, Inc. $GNW

Key Points

• Fox Run Management L.L.C. has acquired a new stake in Genworth Financial, Inc. worth approximately $336,000, purchasing 47,357 shares.
• Genworth Financial recently beat analysts' earnings expectations for the quarter, reporting an EPS of $0.16 against a consensus estimate of $0.05.
• Research analysts have set an average price target of $9.50 for Genworth Financial, with a general consensus rating of "Buy".

Fox Run Management L.L.C. bought a new position in Genworth Financial, Inc. (NYSE:GNW - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 47,357 shares of the financial services provider's stock, valued at approximately $336,000.

A number of other large investors have also made changes to their positions in GNW. Donald Smith & CO. Inc. boosted its stake in Genworth Financial by 4.5% in the 1st quarter. Donald Smith & CO. Inc. now owns 27,114,581 shares of the financial services provider's stock worth $192,242,000 after purchasing an additional 1,165,112 shares during the period. Northern Trust Corp lifted its holdings 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 valued at $42,116,000 after purchasing an additional 922,126 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Genworth Financial by 1.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,269,135 shares of the financial services provider's stock valued at $37,358,000 after purchasing an additional 74,123 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Genworth Financial in the first quarter worth $24,661,000. Finally, Nuveen Asset Management LLC grew its holdings in shares of Genworth Financial by 106.9% during the fourth quarter. Nuveen Asset Management LLC now owns 2,663,077 shares of the financial services provider's stock valued at $18,615,000 after buying an additional 1,375,637 shares in the last quarter. Institutional investors and hedge funds own 81.85% of the company's stock.

Genworth Financial Stock Down 0.5%

Shares of NYSE GNW traded down $0.04 during trading hours on Monday, hitting $8.64. The stock had a trading volume of 3,353,066 shares, compared to its average volume of 6,313,830. The firm's 50-day moving average price is $7.88 and its two-hundred day moving average price is $7.22. Genworth Financial, Inc. has a 52 week low of $5.99 and a 52 week high of $8.73. The company has a market capitalization of $3.55 billion, a P/E ratio of 19.20 and a beta of 1.12. 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 issued its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.11. The firm had revenue of $1.80 billion for the quarter. Genworth Financial had a net margin of 2.61% and a return on equity of 1.91%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Wall Street Zen lowered Genworth Financial from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Keefe, Bruyette & Woods boosted their price objective on shares of Genworth Financial from $9.00 to $9.50 and gave the company an "outperform" rating in a research report on Wednesday, July 9th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $9.50.

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.