Evolution Advisers Inc. boosted its stake in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) by 134.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,252 shares of the financial services provider's stock after purchasing an additional 55,141 shares during the quarter. Genworth Financial makes up 0.3% of Evolution Advisers Inc.'s investment portfolio, making the stock its 23rd biggest holding. Evolution Advisers Inc.'s holdings in Genworth Financial were worth $680,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also made changes to their positions in GNW. Boone Capital Management LLC acquired a new stake in shares of Genworth Financial in the 4th quarter valued at approximately $10,741,000. Nuveen Asset Management LLC lifted its holdings in shares of 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 buying an additional 1,375,637 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Genworth Financial in the 4th quarter valued at approximately $7,496,000. Northern Trust Corp lifted its holdings in shares of Genworth Financial by 18.1% in the 4th quarter. Northern Trust Corp now owns 6,025,178 shares of the financial services provider's stock valued at $42,116,000 after buying an additional 922,126 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Genworth Financial in the 1st quarter valued at approximately $5,141,000. 81.85% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
GNW has been the subject of several research reports. Keefe, Bruyette & Woods lifted their price objective on Genworth Financial from $9.00 to $9.50 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. Wall Street Zen cut Genworth Financial from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd.
Check Out Our Latest Research Report on Genworth Financial
Genworth Financial Price Performance
GNW stock traded up $0.05 during midday trading on Monday, hitting $8.36. 1,453,083 shares of the stock were exchanged, compared to its average volume of 6,295,241. The stock's 50-day moving average price is $7.55 and its 200-day moving average price is $7.13. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 18.59 and a beta of 1.12. Genworth Financial, Inc. has a fifty-two week low of $5.99 and a fifty-two week high of $8.43. 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 results on Wednesday, July 30th. The financial services provider reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.11. The company had revenue of $1.80 billion during the quarter. Genworth Financial had a return on equity of 1.91% and a net margin of 2.61%.
Genworth Financial Profile
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Free Report)
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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