Genworth Financial, Inc. (NYSE:GNW) Holdings Lifted by Evolution Advisers Inc.

Key Points

• Evolution Advisers Inc. increased its holdings in Genworth Financial by 134.1% during the first quarter, acquiring an additional 55,141 shares, making it the 23rd largest position in their investment portfolio.
• The company's shares opened at $8.20 and experienced a 3.0% increase, while its market capitalization is approximately $3.36 billion.
• Genworth Financial recently reported earnings per share (EPS) of $0.16, surpassing the consensus estimate by $0.11 during its latest earnings announcement.

Evolution Advisers Inc. boosted its position in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) by 134.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 96,252 shares of the financial services provider's stock after buying an additional 55,141 shares during the quarter. Genworth Financial accounts for approximately 0.3% of Evolution Advisers Inc.'s investment portfolio, making the stock its 23rd largest position. Evolution Advisers Inc.'s holdings in Genworth Financial were worth $680,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of GNW. Byrne Asset Management LLC lifted its holdings in shares of Genworth Financial by 69.5% during the first quarter. Byrne Asset Management LLC now owns 7,595 shares of the financial services provider's stock valued at $54,000 after purchasing an additional 3,115 shares during the last quarter. Blueshift Asset Management LLC purchased a new stake in shares of Genworth Financial during the first quarter valued at $71,000. Abel Hall LLC purchased a new stake in shares of Genworth Financial during the first quarter valued at $71,000. Pennington Partners & CO. LLC purchased a new stake in shares of Genworth Financial during the fourth quarter valued at $84,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in shares of Genworth Financial during the fourth quarter valued at $85,000. Institutional investors own 81.85% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Wall Street Zen downgraded Genworth Financial from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Keefe, Bruyette & Woods increased their price objective on Genworth Financial from $9.00 to $9.50 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th.

Genworth Financial Stock Up 3.0%

Shares of Genworth Financial stock opened at $8.20 on Thursday. The stock has a 50-day moving average price of $7.51 and a 200 day moving average price of $7.11. The company has a market cap of $3.36 billion, a P/E ratio of 18.22 and a beta of 1.12. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.16. Genworth Financial, Inc. has a 1 year low of $5.99 and a 1 year high of $8.28.

Genworth Financial (NYSE:GNW - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.11. The firm 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

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.

Want to see what other hedge funds are holding GNW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Genworth Financial, Inc. (NYSE:GNW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.