Sumitomo Mitsui DS Asset Management Company Ltd Invests $22.48 Million in Genworth Financial, Inc. (NYSE:GNW)

Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,365,600 shares of the financial services provider's stock, valued at approximately $22,482,000. Sumitomo Mitsui DS Asset Management Company Ltd owned 0.75% of Genworth Financial as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. grew its holdings in Genworth Financial by 60.7% during the first quarter. Envestnet Asset Management Inc. now owns 62,634 shares of the financial services provider's stock worth $237,000 after buying an additional 23,663 shares in the last quarter. Private Advisor Group LLC bought a new stake in Genworth Financial during the first quarter worth $40,000. Citigroup Inc. grew its stake in Genworth Financial by 5.3% in the 1st quarter. Citigroup Inc. now owns 589,415 shares of the financial services provider's stock valued at $2,228,000 after purchasing an additional 29,834 shares during the period. PNC Financial Services Group Inc. grew its stake in Genworth Financial by 58.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 78,974 shares of the financial services provider's stock valued at $299,000 after purchasing an additional 29,046 shares during the period. Finally, Natixis Advisors L.P. bought a new position in Genworth Financial in the 1st quarter valued at $265,000. 81.85% of the stock is owned by institutional investors and hedge funds.

Genworth Financial Stock Performance

NYSE:GNW traded up $0.11 during trading on Friday, reaching $5.99. The company's stock had a trading volume of 2,307,726 shares, compared to its average volume of 2,576,234. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of -599,000.00 and a beta of 1.06. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.30 and a current ratio of 0.30. The firm has a 50 day moving average of $6.19 and a 200-day moving average of $6.17. Genworth Financial, Inc. has a 12 month low of $4.51 and a 12 month high of $6.93.

Genworth Financial (NYSE:GNW - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The financial services provider reported ($0.51) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.70). The business had revenue of $1.91 billion during the quarter. Genworth Financial had a net margin of 0.21% and a negative return on equity of 0.23%. During the same period in the previous year, the business earned $0.35 EPS.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods upped their price objective on Genworth Financial from $6.50 to $7.00 and gave the company a "market perform" rating in a research note on Wednesday, April 10th.

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.