ProShare Advisors LLC Purchases 39,829 Shares of Genworth Financial, Inc. (NYSE:GNW)

ProShare Advisors LLC increased its stake in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 44.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 129,675 shares of the financial services provider's stock after purchasing an additional 39,829 shares during the quarter. ProShare Advisors LLC's holdings in Genworth Financial were worth $906,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GNW. Byrne Asset Management LLC increased its position 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 valued at $31,000 after purchasing an additional 2,680 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Genworth Financial during the 4th quarter valued at about $41,000. Smartleaf Asset Management LLC increased its position in shares of 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 purchasing an additional 7,729 shares during the last quarter. Pennington Partners & CO. LLC purchased a new stake in shares of Genworth Financial during the 4th quarter valued at about $84,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in shares of Genworth Financial during the 4th quarter valued at about $85,000. Hedge funds and other institutional investors own 81.85% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on GNW shares. Wall Street Zen cut shares of Genworth Financial from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Keefe, Bruyette & Woods lifted their price target 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 Performance

Shares of Genworth Financial stock traded down $0.08 on Wednesday, hitting $6.91. 5,133,713 shares of the company's stock were exchanged, compared to its average volume of 5,887,486. The company has a 50-day simple moving average of $6.85 and a 200-day simple moving average of $7.03. The stock has a market capitalization of $2.86 billion, a PE ratio of 10.15 and a beta of 0.99. Genworth Financial, Inc. has a 1 year low of $5.87 and a 1 year high of $7.90. 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 issued its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.09). The business had revenue of $1.76 billion for the quarter. Genworth Financial had a return on equity of 2.96% and a net margin of 4.10%.

Genworth Financial Company 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.