Harvest Management LLC boosted its holdings in Genworth Financial, Inc. (NYSE:GNW) by 481.8% in the third quarter, HoldingsChannel reports. The firm owned 32,000 shares of the financial services provider’s stock after purchasing an additional 26,500 shares during the period. Harvest Management LLC’s holdings in Genworth Financial were worth $107,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Victory Capital Management Inc. raised its position in Genworth Financial by 19.1% in the 1st quarter. Victory Capital Management Inc. now owns 220,326 shares of the financial services provider’s stock worth $731,000 after purchasing an additional 35,401 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Genworth Financial by 7.6% in the 1st quarter. Geode Capital Management LLC now owns 7,216,458 shares of the financial services provider’s stock valued at $23,956,000 after purchasing an additional 510,942 shares during the period. Wells Fargo & Company MN grew its position in shares of Genworth Financial by 10.6% during the 1st quarter. Wells Fargo & Company MN now owns 1,057,353 shares of the financial services provider’s stock worth $3,510,000 after purchasing an additional 101,690 shares in the last quarter. Two Sigma Advisers LP boosted its position in Genworth Financial by 77.2% in the first quarter. Two Sigma Advisers LP now owns 514,946 shares of the financial services provider’s stock valued at $1,710,000 after buying an additional 224,400 shares in the last quarter. Finally, Maverick Capital Ltd. acquired a new stake in Genworth Financial in the first quarter valued at approximately $656,000. 69.02% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE GNW traded up $0.03 during mid-day trading on Monday, reaching $3.82. 15,399 shares of the company’s stock traded hands, compared to its average volume of 5,597,493. Genworth Financial, Inc. has a 1-year low of $1.87 and a 1-year high of $4.93. The stock has a market cap of $1.92 billion, a P/E ratio of -3.87 and a beta of 1.18. The business has a 50-day simple moving average of $3.43 and a 200 day simple moving average of $2.96. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.26 and a quick ratio of 0.26.
Genworth Financial (NYSE:GNW) last released its earnings results on Wednesday, July 29th. The financial services provider reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.06). Genworth Financial had a negative net margin of 6.30% and a positive return on equity of 1.05%. The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the previous year, the firm earned $0.35 earnings per share. The firm’s revenue was down 3.0% compared to the same quarter last year.
GNW has been the subject of a number of analyst reports. BTIG Research reissued a “hold” rating on shares of Genworth Financial in a research note on Thursday, October 1st. ValuEngine downgraded shares of Genworth Financial from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 1st.
Genworth Financial Company Profile
Genworth Financial, Inc provides insurance products in the United States and internationally. It operates through four segments: U.S. 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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