WINTON GROUP Ltd Purchases 474,094 Shares of Genworth Financial, Inc. $GNW

Key Points

• WINTON GROUP Ltd increased its stake in Genworth (NYSE:GNW) by 203.9% in Q3, buying 474,094 shares and raising its holding to 706,644 shares (about 0.18%) valued at $6.29 million.
• Genworth reported Q results with EPS of $0.02 versus $0.16 expected (an earnings miss) and $1.04 billion in revenue; the stock trades near $8.37 with a market cap of $3.24 billion and a 12‑month range of $5.99–$9.28.
• Analyst sentiment has weakened with recent downgrades from Weiss Ratings and Wall Street Zen, though MarketBeat shows a "Moderate Buy" consensus and a $10.00 average target, and institutional investors hold about 81.85% of the shares.

WINTON GROUP Ltd increased its position in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) by 203.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 706,644 shares of the financial services provider's stock after buying an additional 474,094 shares during the quarter. WINTON GROUP Ltd owned about 0.18% of Genworth Financial worth $6,289,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC increased its holdings in shares of Genworth Financial by 1,731.8% during the third quarter. Salomon & Ludwin LLC now owns 3,279 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 3,100 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Genworth Financial by 60.6% in the 3rd quarter. Bessemer Group Inc. now owns 3,830 shares of the financial services provider's stock worth $34,000 after purchasing an additional 1,445 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Genworth Financial in the 2nd quarter worth $44,000. EverSource Wealth Advisors LLC grew its position in Genworth Financial by 140.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,063 shares of the financial services provider's stock valued at $63,000 after purchasing an additional 4,708 shares during the period. Finally, Seven Mile Advisory acquired a new stake in Genworth Financial in the 2nd quarter valued at $78,000. Institutional investors and hedge funds own 81.85% of the company's stock.

Genworth Financial Stock Down 0.8%

Shares of NYSE:GNW opened at $8.37 on Tuesday. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of 15.78 and a beta of 1.00. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.15. Genworth Financial, Inc. has a 12-month low of $5.99 and a 12-month high of $9.28. The business's 50 day moving average is $8.65 and its 200 day moving average is $8.69.

Genworth Financial (NYSE:GNW - Get Free Report) last announced its quarterly earnings results on Monday, February 23rd. The financial services provider reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.14). Genworth Financial had a return on equity of 1.48% and a net margin of 3.05%.The company had revenue of $1.04 billion for the quarter.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Weiss Ratings downgraded shares of Genworth Financial from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday. Wall Street Zen cut shares of Genworth Financial from a "hold" rating to a "sell" rating in a report on Saturday, February 28th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $10.00.

About Genworth Financial

Genworth Financial NYSE: GNW is a leading financial security company offering a broad range of insurance products. Based in Richmond, Virginia, Genworth provides individuals and families with solutions designed to protect against long-term care expenses, secure life insurance needs and support homeownership through private mortgage insurance. With operations spanning the United States, Canada and Australia, the company serves both retail and institutional clients through a diversified portfolio of risk management services.

The company's Private Mortgage Insurance (PMI) segment offers coverage to lenders and consumers in the US, Canada and Australia, enabling homebuyers to purchase properties with lower down payments.

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