GAMMA Investing LLC Purchases 53,617 Shares of Genworth Financial, Inc. (NYSE:GNW)

GAMMA Investing LLC grew its position in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 494.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 64,455 shares of the financial services provider's stock after buying an additional 53,617 shares during the period. GAMMA Investing LLC's holdings in Genworth Financial were worth $457,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in GNW. Prudential Financial Inc. grew its holdings in shares of Genworth Financial by 70.2% in 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 period. Norges Bank bought a new stake in Genworth Financial in the 4th quarter valued at $15,034,000. Boone Capital Management LLC bought a new stake in Genworth Financial in the 4th quarter valued at $10,741,000. Nuveen Asset Management LLC lifted its position in Genworth Financial by 106.9% in the 4th quarter. Nuveen Asset Management LLC now owns 2,663,077 shares of the financial services provider's stock valued at $18,615,000 after acquiring an additional 1,375,637 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Genworth Financial in the 4th quarter valued at $7,496,000. Institutional investors and hedge funds own 81.85% of the company's stock.

Genworth Financial Stock Up 1.5%

NYSE:GNW traded up $0.12 on Monday, hitting $7.89. 6,986,873 shares of the company's stock were exchanged, compared to its average volume of 4,455,883. The firm has a 50-day moving average price of $6.95 and a 200-day moving average price of $6.96. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.29 and a quick ratio of 0.29. Genworth Financial, Inc. has a 52 week low of $5.95 and a 52 week high of $7.92. The company has a market cap of $3.27 billion, a P/E ratio of 15.78 and a beta of 1.03.

Genworth Financial (NYSE:GNW - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.12 EPS for the quarter, missing the consensus estimate 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.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Wall Street Zen cut shares of Genworth Financial from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Keefe, Bruyette & Woods raised shares of Genworth Financial from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $8.50 to $9.00 in a research report on Wednesday, June 18th.

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.