Founders Capital Management trimmed its stake in shares of Genworth Financial Inc (NYSE:GNW) by 48.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,300 shares of the financial services provider’s stock after selling 6,000 shares during the quarter. Founders Capital Management’s holdings in Genworth Financial were worth $28,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GNW. Nuveen Asset Management LLC acquired a new stake in Genworth Financial during the second quarter valued at approximately $10,436,000. Invesco Ltd. boosted its holdings in shares of Genworth Financial by 93.2% in the 2nd quarter. Invesco Ltd. now owns 2,083,786 shares of the financial services provider’s stock worth $7,731,000 after acquiring an additional 1,005,239 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Genworth Financial by 1.3% in the 2nd quarter. BlackRock Inc. now owns 59,020,359 shares of the financial services provider’s stock worth $218,967,000 after acquiring an additional 748,979 shares in the last quarter. Shah Capital Management boosted its holdings in shares of Genworth Financial by 6.8% in the 4th quarter. Shah Capital Management now owns 7,084,617 shares of the financial services provider’s stock worth $31,172,000 after acquiring an additional 449,000 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in shares of Genworth Financial by 151.2% in the 2nd quarter. Mackenzie Financial Corp now owns 595,373 shares of the financial services provider’s stock worth $2,209,000 after acquiring an additional 358,373 shares in the last quarter. 69.32% of the stock is currently owned by institutional investors.
GNW stock opened at $4.32 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.26 and a quick ratio of 0.26. The company has a 50 day moving average price of $4.37 and a 200 day moving average price of $4.21. Genworth Financial Inc has a fifty-two week low of $2.89 and a fifty-two week high of $4.93. The stock has a market capitalization of $2.17 billion, a PE ratio of 14.40 and a beta of 1.68.
Genworth Financial (NYSE:GNW) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.06). Genworth Financial had a return on equity of 1.03% and a net margin of 0.37%. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter last year, the firm earned $0.29 EPS. The business’s revenue for the quarter was up 3.5% on a year-over-year basis.
Separately, ValuEngine cut shares of Genworth Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, December 3rd.
Genworth Financial Profile
Genworth Financial, Inc provides insurance and homeownership solutions in the United States and internationally. It operates through five segments: U.S. Mortgage Insurance, Canada Mortgage Insurance, Australia Mortgage Insurance, U.S. Life Insurance, and Runoff. The U.S. Mortgage Insurance segment offers mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans.
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