Wells Fargo & Company MN Increases Stake in Genworth Financial, Inc. (NYSE:GNW)

Wells Fargo & Company MN increased its stake in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) by 26.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 266,198 shares of the financial services provider's stock after buying an additional 55,078 shares during the period. Wells Fargo & Company MN owned 0.06% of Genworth Financial worth $1,861,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Xponance Inc. increased its holdings in shares of Genworth Financial by 9.5% during the fourth quarter. Xponance Inc. now owns 31,032 shares of the financial services provider's stock valued at $217,000 after acquiring an additional 2,693 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Genworth Financial by 30.1% during the third quarter. JPMorgan Chase & Co. now owns 1,947,016 shares of the financial services provider's stock worth $13,337,000 after acquiring an additional 450,329 shares in the last quarter. Barclays PLC lifted its holdings in shares of Genworth Financial by 291.2% in the third quarter. Barclays PLC now owns 744,853 shares of the financial services provider's stock valued at $5,103,000 after purchasing an additional 554,462 shares in the last quarter. EMC Capital Management grew its holdings in Genworth Financial by 1,562.5% during the fourth quarter. EMC Capital Management now owns 37,771 shares of the financial services provider's stock worth $264,000 after buying an additional 35,499 shares in the last quarter. Finally, New York State Teachers Retirement System grew its stake in shares of Genworth Financial by 2.5% in the 4th quarter. New York State Teachers Retirement System now owns 550,940 shares of the financial services provider's stock worth $3,851,000 after acquiring an additional 13,633 shares in the last quarter. 81.85% of the stock is currently owned by institutional investors and hedge funds.

Genworth Financial Stock Performance

Shares of GNW stock traded up $0.02 during trading on Thursday, hitting $6.88. The company's stock had a trading volume of 1,893,464 shares, compared to its average volume of 5,413,729. Genworth Financial, Inc. has a 52 week low of $5.87 and a 52 week high of $7.90. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.16. The business has a fifty day moving average of $6.74 and a 200-day moving average of $7.02. The company has a market cap of $2.86 billion, a PE ratio of 10.10 and a beta of 0.95.

Genworth Financial (NYSE:GNW - Get Free Report) last issued its 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). Genworth Financial had a return on equity of 2.96% and a net margin of 4.10%. The firm had revenue of $1.76 billion during the quarter.

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.