Northern Trust Corp Acquires 922,126 Shares of Genworth Financial, Inc. (NYSE:GNW)

Northern Trust Corp grew its stake in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 18.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,025,178 shares of the financial services provider's stock after buying an additional 922,126 shares during the period. Northern Trust Corp owned 1.41% of Genworth Financial worth $42,116,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in GNW. Prudential Financial Inc. increased its stake in shares of 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 buying an additional 2,296,538 shares during the period. Norges Bank acquired a new stake in shares of Genworth Financial in the fourth quarter valued at about $15,034,000. Raymond James Financial Inc. acquired a new stake in shares of Genworth Financial in the fourth quarter valued at about $7,496,000. Donald Smith & CO. Inc. increased its stake in shares of Genworth Financial by 3.7% in the fourth quarter. Donald Smith & CO. Inc. now owns 25,949,469 shares of the financial services provider's stock valued at $181,387,000 after buying an additional 934,175 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of 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 buying an additional 724,557 shares during the period. Institutional investors and hedge funds own 81.85% of the company's stock.

Genworth Financial Trading Up 2.2%

NYSE GNW traded up $0.16 during trading hours on Monday, hitting $7.21. 7,768,735 shares of the company's stock were exchanged, compared to its average volume of 3,845,007. The stock has a 50-day simple moving average of $6.77 and a 200 day simple moving average of $7.01. Genworth Financial, Inc. has a 1-year low of $5.87 and a 1-year high of $7.90. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 10.60 and a beta of 0.99. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.16.

Genworth Financial (NYSE:GNW - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.09). The firm had revenue of $1.76 billion during 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.