Denali Advisors LLC grew its stake in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 270.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 312,300 shares of the financial services provider's stock after purchasing an additional 227,900 shares during the period. Denali Advisors LLC owned approximately 0.07% of Genworth Financial worth $2,086,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in GNW. State of Wyoming purchased a new stake in shares of Genworth Financial in the second quarter valued at approximately $29,000. Prelude Capital Management LLC purchased a new stake in shares of Genworth Financial in the second quarter valued at approximately $35,000. Nomura Holdings Inc. purchased a new stake in shares of Genworth Financial in the second quarter valued at approximately $39,000. Private Advisor Group LLC purchased a new stake in shares of Genworth Financial in the first quarter valued at approximately $40,000. Finally, Cipher Capital LP purchased a new stake in shares of Genworth Financial in the second quarter valued at approximately $52,000. 81.85% of the stock is currently owned by hedge funds and other institutional investors.
Genworth Financial Price Performance
Shares of GNW stock traded up $0.03 during trading hours on Friday, reaching $6.43. The company had a trading volume of 2,749,309 shares, compared to its average volume of 2,808,974. Genworth Financial, Inc. has a 12-month low of $4.51 and a 12-month high of $6.93. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of -643,000.00 and a beta of 1.06. The stock has a fifty day moving average of $6.23 and a 200-day moving average of $6.15. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.30 and a current ratio of 0.30.
Genworth Financial (NYSE:GNW - Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The financial services provider reported ($0.51) EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.70). Genworth Financial had a net margin of 0.21% and a negative return on equity of 0.23%. The business had revenue of $1.91 billion during the quarter. During the same quarter in the previous year, the company earned $0.35 EPS.
Genworth Financial Profile
(
Free Report)
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.
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