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

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

Several other hedge funds also recently modified their holdings of the company. NDVR Inc. boosted its position in shares of Genworth Financial by 8.6% in the fourth quarter. NDVR Inc. now owns 24,329 shares of the financial services provider's stock worth $170,000 after acquiring an additional 1,922 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Genworth Financial by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 245,046 shares of the financial services provider's stock worth $1,713,000 after acquiring an additional 9,378 shares during the last quarter. Jefferies Financial Group Inc. boosted its position in shares of Genworth Financial by 47.0% in the fourth quarter. Jefferies Financial Group Inc. now owns 29,127 shares of the financial services provider's stock worth $204,000 after acquiring an additional 9,306 shares during the last quarter. Deutsche Bank AG boosted its position in shares of Genworth Financial by 34.1% in the fourth quarter. Deutsche Bank AG now owns 430,853 shares of the financial services provider's stock worth $3,012,000 after acquiring an additional 109,570 shares during the last quarter. Finally, Boone Capital Management LLC acquired a new stake in shares of Genworth Financial in the fourth quarter worth approximately $10,741,000. 81.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods raised their target price on shares of Genworth Financial from $8.00 to $8.50 and gave the stock a "market perform" rating in a research report on Tuesday, May 13th.

Genworth Financial Price Performance

GNW opened at $7.22 on Tuesday. Genworth Financial, Inc. has a 1 year low of $5.87 and a 1 year high of $7.90. The company's 50 day simple moving average is $6.83 and its 200 day simple moving average is $7.03. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a market capitalization of $2.99 billion, a PE ratio of 10.62 and a beta of 0.99.

Genworth Financial (NYSE:GNW - Get Free Report) last posted 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 net margin of 4.10% and a return on equity of 2.96%. The business had revenue of $1.76 billion during 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.

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