Genworth Financial, Inc. (NYSE:GNW) Position Raised by Voloridge Investment Management LLC

Voloridge Investment Management LLC raised its position in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 28.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,240,449 shares of the financial services provider's stock after acquiring an additional 490,090 shares during the quarter. Voloridge Investment Management LLC owned approximately 0.52% of Genworth Financial worth $15,661,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Prudential Financial Inc. raised its holdings in Genworth Financial by 70.2% during the fourth quarter. Prudential Financial Inc. now owns 5,567,978 shares of the financial services provider's stock worth $38,920,000 after purchasing an additional 2,296,538 shares in the last quarter. Norges Bank acquired a new stake in Genworth Financial during the fourth quarter worth approximately $15,034,000. Boone Capital Management LLC acquired a new stake in Genworth Financial during the fourth quarter worth approximately $10,741,000. Nuveen Asset Management LLC raised its holdings in Genworth Financial by 106.9% during the fourth quarter. Nuveen Asset Management LLC now owns 2,663,077 shares of the financial services provider's stock worth $18,615,000 after purchasing an additional 1,375,637 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Genworth Financial during the fourth quarter worth approximately $7,496,000. Hedge funds and other institutional investors own 81.85% of the company's stock.

Wall Street Analysts Forecast Growth

GNW has been the topic of a number of recent research reports. Wall Street Zen cut shares of Genworth Financial from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Keefe, Bruyette & Woods boosted 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 stock traded up $0.04 during trading on Thursday, hitting $6.92. The stock had a trading volume of 2,414,758 shares, compared to its average volume of 4,106,103. Genworth Financial, Inc. has a 1-year low of $5.87 and a 1-year high of $7.90. The company's 50 day moving average price is $6.85 and its two-hundred day moving average price 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 cap of $2.87 billion, a price-to-earnings ratio of 10.17 and a beta of 0.99.

Genworth Financial (NYSE:GNW - Get Free Report) last posted its earnings results on Wednesday, April 30th. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 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.