ProShare Advisors LLC Increases Holdings in Genworth Financial, Inc. (NYSE:GNW)

ProShare Advisors LLC raised its position in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) by 44.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,675 shares of the financial services provider's stock after acquiring an additional 39,829 shares during the period. ProShare Advisors LLC's holdings in Genworth Financial were worth $906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of GNW. Byrne Asset Management LLC raised its holdings in shares of Genworth Financial by 148.9% during the 4th quarter. Byrne Asset Management LLC now owns 4,480 shares of the financial services provider's stock worth $31,000 after acquiring an additional 2,680 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in Genworth Financial during the 4th quarter valued at $41,000. Smartleaf Asset Management LLC raised its holdings in Genworth Financial by 279.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 10,494 shares of the financial services provider's stock valued at $73,000 after buying an additional 7,729 shares during the period. Pennington Partners & CO. LLC purchased a new stake in Genworth Financial during the 4th quarter valued at $84,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in Genworth Financial during the 4th quarter valued at $85,000. 81.85% of the stock is owned by hedge funds and other institutional investors.

Genworth Financial Stock Up 0.8%

Genworth Financial stock traded up $0.06 during midday trading on Thursday, reaching $6.94. The company's stock had a trading volume of 1,824,294 shares, compared to its average volume of 4,102,135. The stock's 50-day simple moving average is $6.85 and its 200-day simple moving average is $7.03. 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 52-week low of $5.87 and a 52-week high of $7.90. The stock has a market capitalization of $2.87 billion, a P/E ratio of 10.18 and a beta of 0.99.

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on GNW shares. Wall Street Zen lowered Genworth Financial from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Keefe, Bruyette & Woods raised their price objective on Genworth Financial from $8.00 to $8.50 and gave the company a "market perform" rating in a research report on Tuesday, May 13th.

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.