Hsbc Holdings PLC Buys 147,682 Shares of Genworth Financial, Inc. (NYSE:GNW)

Hsbc Holdings PLC raised its holdings in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) by 62.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 383,544 shares of the financial services provider's stock after purchasing an additional 147,682 shares during the period. Hsbc Holdings PLC owned 0.09% of Genworth Financial worth $2,692,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Prudential Financial Inc. boosted its stake in Genworth Financial by 70.2% in the fourth quarter. Prudential Financial Inc. now owns 5,567,978 shares of the financial services provider's stock valued at $38,920,000 after acquiring an additional 2,296,538 shares during the last quarter. Norges Bank bought a new position in shares of Genworth Financial in the 4th quarter worth $15,034,000. Raymond James Financial Inc. bought a new position in shares of Genworth Financial in the 4th quarter worth $7,496,000. Donald Smith & CO. Inc. grew its stake in shares of Genworth Financial by 3.7% during the fourth quarter. Donald Smith & CO. Inc. now owns 25,949,469 shares of the financial services provider's stock worth $181,387,000 after purchasing an additional 934,175 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Genworth Financial by 37.2% in the fourth quarter. JPMorgan Chase & Co. now owns 2,671,573 shares of the financial services provider's stock valued at $18,674,000 after purchasing an additional 724,557 shares during the last quarter. Institutional investors and hedge funds own 81.85% of the company's stock.

Genworth Financial Trading Up 0.4 %

GNW traded up $0.03 during midday trading on Tuesday, reaching $6.93. 1,034,377 shares of the company were exchanged, compared to its average volume of 3,750,180. 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 $2.88 billion, a P/E ratio of 10.20 and a beta of 0.95. The stock's 50-day simple moving average is $6.76 and its 200 day simple moving average is $7.01. Genworth Financial, Inc. has a one year low of $5.87 and a one year high of $7.90.

Genworth Financial (NYSE:GNW - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $1.76 billion for the quarter. Genworth Financial had a net margin of 4.10% and a return on equity of 2.96%.

About Genworth Financial

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.