OMERS ADMINISTRATION Corp Makes New Investment in Genworth Financial, Inc. (NYSE:GNW)

OMERS ADMINISTRATION Corp purchased a new stake in Genworth Financial, Inc. (NYSE:GNW - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 49,700 shares of the financial services provider's stock, valued at approximately $347,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Xponance Inc. increased its holdings in Genworth Financial by 9.5% during the 4th quarter. Xponance Inc. now owns 31,032 shares of the financial services provider's stock worth $217,000 after purchasing an additional 2,693 shares in the last quarter. Barclays PLC increased its holdings in Genworth Financial by 291.2% during the 3rd quarter. Barclays PLC now owns 744,853 shares of the financial services provider's stock worth $5,103,000 after purchasing an additional 554,462 shares in the last quarter. EMC Capital Management increased its holdings in Genworth Financial by 1,562.5% during the 4th quarter. EMC Capital Management now owns 37,771 shares of the financial services provider's stock worth $264,000 after purchasing an additional 35,499 shares in the last quarter. New York State Teachers Retirement System increased its holdings in Genworth Financial by 2.5% during the 4th quarter. New York State Teachers Retirement System now owns 550,940 shares of the financial services provider's stock worth $3,851,000 after purchasing an additional 13,633 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in Genworth Financial by 4.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 948,125 shares of the financial services provider's stock worth $6,627,000 after purchasing an additional 36,035 shares in the last quarter. Institutional investors and hedge funds own 81.85% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on GNW shares. Wall Street Zen downgraded shares of Genworth Financial from a "hold" rating to a "sell" rating in a research note on Thursday. Keefe, Bruyette & Woods increased their price objective on shares of Genworth Financial from $8.00 to $8.50 and gave the stock a "market perform" rating in a research note on Tuesday, May 13th.

Genworth Financial Stock Up 0.7%

Shares of Genworth Financial stock traded up $0.05 during trading hours on Friday, reaching $6.79. 11,776,943 shares of the company's stock were exchanged, compared to its average volume of 4,086,761. The company has a 50 day moving average of $6.85 and a two-hundred day moving average of $7.03. Genworth Financial, Inc. has a fifty-two week low of $5.87 and a fifty-two week high of $7.90. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.16. The stock has a market cap of $2.81 billion, a P/E ratio of 9.98 and a beta of 0.99.

Genworth Financial (NYSE:GNW - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.09). Genworth Financial had a return on equity of 2.96% and a net margin of 4.10%. The business had revenue of $1.76 billion for the quarter.

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.