Donald Smith & CO. Inc. Buys 3,283,110 Shares of Genworth Financial, Inc. (NYSE:GNW)

Donald Smith & CO. Inc. increased its position in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 18.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,175,252 shares of the financial services provider's stock after acquiring an additional 3,283,110 shares during the period. Genworth Financial makes up about 3.6% of Donald Smith & CO. Inc.'s portfolio, making the stock its 7th biggest holding. Donald Smith & CO. Inc. owned about 4.70% of Genworth Financial worth $141,451,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in Genworth Financial during the 3rd quarter valued at approximately $1,533,000. Exchange Traded Concepts LLC grew its position in Genworth Financial by 361.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 160,914 shares of the financial services provider's stock worth $943,000 after purchasing an additional 126,037 shares during the period. RMR Wealth Builders raised its stake in shares of Genworth Financial by 10.9% during the 3rd quarter. RMR Wealth Builders now owns 19,960 shares of the financial services provider's stock valued at $117,000 after buying an additional 1,960 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Genworth Financial by 12.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 102,265 shares of the financial services provider's stock valued at $599,000 after buying an additional 11,167 shares during the period. Finally, Mackenzie Financial Corp lifted its holdings in shares of Genworth Financial by 31.4% in the 3rd quarter. Mackenzie Financial Corp now owns 99,924 shares of the financial services provider's stock valued at $570,000 after buying an additional 23,851 shares during the period. Institutional investors and hedge funds own 81.85% of the company's stock.

Genworth Financial Stock Performance

Shares of NYSE:GNW traded up $0.10 during trading on Monday, hitting $6.09. 1,720,370 shares of the stock traded hands, compared to its average volume of 2,755,840. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.19. The company has a fifty day moving average price of $6.18 and a two-hundred day moving average price of $6.18. Genworth Financial, Inc. has a 52-week low of $4.51 and a 52-week high of $6.93. The company has a market cap of $2.68 billion, a price-to-earnings ratio of -609,000.00 and a beta of 1.06.

Genworth Financial (NYSE:GNW - Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The financial services provider reported ($0.51) earnings per share 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 firm had revenue of $1.91 billion during the quarter. During the same period last year, the firm earned $0.35 earnings per share.

Wall Street Analysts Forecast Growth

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

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.