Louisiana State Employees Retirement System bought a new stake in Genworth Financial, Inc. (NYSE:GNW - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 225,700 shares of the financial services provider's stock, valued at approximately $1,508,000. Louisiana State Employees Retirement System owned approximately 0.05% of Genworth Financial at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. State of Wyoming bought a new position in Genworth Financial in the second quarter valued at $29,000. Prelude Capital Management LLC bought a new position in shares of Genworth Financial in the 2nd quarter valued at about $35,000. Nomura Holdings Inc. bought a new position in shares of Genworth Financial in the 2nd quarter valued at about $39,000. Private Advisor Group LLC bought a new position in shares of Genworth Financial in the 1st quarter valued at about $40,000. Finally, Cipher Capital LP bought a new position in shares of Genworth Financial in the 2nd quarter valued at about $52,000. Institutional investors own 81.85% of the company's stock.
Genworth Financial Stock Performance
Shares of GNW traded up $0.11 during midday trading on Friday, reaching $5.99. The stock had a trading volume of 2,307,726 shares, compared to its average volume of 2,576,234. The firm has a 50 day simple moving average of $6.19 and a 200-day simple moving average of $6.17. Genworth Financial, Inc. has a one year low of $4.51 and a one year high of $6.93. The firm has a market cap of $2.63 billion, a PE ratio of -599,000.00 and a beta of 1.06. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.19.
Genworth Financial (NYSE:GNW - Get Free Report) last posted its earnings results 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 company had revenue of $1.91 billion for the quarter. Genworth Financial had a negative return on equity of 0.23% and a net margin of 0.21%. During the same period in the previous year, the company posted $0.35 EPS.
Wall Street Analyst Weigh In
Separately, Keefe, Bruyette & Woods lifted their price objective on shares of Genworth Financial from $6.50 to $7.00 and gave the company a "market perform" rating in a research report on Wednesday, April 10th.
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Genworth Financial Profile
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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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