GAMMA Investing LLC Raises Stake in Genworth Financial, Inc. (NYSE:GNW)

GAMMA Investing LLC boosted its position in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 494.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,455 shares of the financial services provider's stock after buying an additional 53,617 shares during the quarter. GAMMA Investing LLC's holdings in Genworth Financial were worth $457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of GNW. Jones Financial Companies Lllp purchased a new stake in Genworth Financial in the fourth quarter worth approximately $41,000. Smartleaf Asset Management LLC boosted its stake in shares of Genworth Financial by 279.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 10,494 shares of the financial services provider's stock valued at $73,000 after purchasing an additional 7,729 shares during the period. Pennington Partners & CO. LLC purchased a new stake in shares of Genworth Financial during the fourth quarter valued at approximately $84,000. Landscape Capital Management L.L.C. purchased a new stake in shares of Genworth Financial during the fourth quarter valued at approximately $85,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of Genworth Financial during the fourth quarter valued at approximately $86,000. Hedge funds and other institutional investors own 81.85% of the company's stock.

Genworth Financial Trading Up 13.5%

Genworth Financial stock opened at $7.76 on Friday. 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 one year low of $5.95 and a one year high of $7.90. The stock has a market capitalization of $3.22 billion, a PE ratio of 15.52 and a beta of 1.03. The business's fifty day moving average is $6.90 and its 200 day moving average is $6.97.

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 the consensus estimate of $0.21 by ($0.09). Genworth Financial had a net margin of 2.97% and a return on equity of 2.53%. The business had revenue of $1.76 billion for the quarter.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Keefe, Bruyette & Woods upgraded Genworth Financial from a "market perform" rating to an "outperform" rating and upped their target price for the company from $8.50 to $9.00 in a report on Wednesday. Wall Street Zen downgraded Genworth Financial from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd.

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.

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