Two Sigma Investments LP raised its position in Genworth Financial Inc (NYSE:GNW) by 67.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 35,959 shares of the financial services provider’s stock after acquiring an additional 14,500 shares during the period. Two Sigma Investments LP’s holdings in Genworth Financial were worth $168,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Founders Capital Management lifted its stake in shares of Genworth Financial by 4,000.0% in the 4th quarter. Founders Capital Management now owns 12,300 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 12,000 shares during the period. Paulson Wealth Management Inc. acquired a new stake in shares of Genworth Financial in the fourth quarter valued at about $62,000. Standard Life Aberdeen plc acquired a new stake in shares of Genworth Financial in the third quarter valued at about $74,000. Stifel Financial Corp acquired a new stake in shares of Genworth Financial in the fourth quarter valued at about $92,000. Finally, Gamco Investors INC. ET AL lifted its stake in shares of Genworth Financial by 29.2% in the fourth quarter. Gamco Investors INC. ET AL now owns 21,000 shares of the financial services provider’s stock valued at $98,000 after purchasing an additional 4,750 shares during the period. Institutional investors own 64.89% of the company’s stock.
Shares of NYSE GNW opened at $3.84 on Wednesday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.28. Genworth Financial Inc has a 52 week low of $2.66 and a 52 week high of $5.02. The stock has a market capitalization of $1.92 billion, a P/E ratio of 10.67 and a beta of 1.51.
Genworth Financial (NYSE:GNW) last announced its quarterly earnings data on Tuesday, February 5th. The financial services provider reported ($0.58) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.84). Genworth Financial had a net margin of 1.41% and a return on equity of 1.23%. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same quarter last year, the business earned $0.65 EPS. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. As a group, research analysts anticipate that Genworth Financial Inc will post 1 EPS for the current fiscal year.
Several brokerages recently commented on GNW. ValuEngine upgraded shares of Genworth Financial from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Zacks Investment Research upgraded shares of Genworth Financial from a “hold” rating to a “buy” rating and set a $5.25 price objective for the company in a research note on Thursday, January 3rd.
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Genworth Financial Company 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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