Dupont Capital Management Corp lifted its stake in shares of Genworth Financial Inc (NYSE:GNW) by 40.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 52,735 shares of the financial services provider’s stock after purchasing an additional 15,193 shares during the quarter. Dupont Capital Management Corp’s holdings in Genworth Financial were worth $232,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the company. Retirement Systems of Alabama increased its holdings in shares of Genworth Financial by 0.3% during the second quarter. Retirement Systems of Alabama now owns 923,559 shares of the financial services provider’s stock worth $3,426,000 after buying an additional 2,795 shares in the last quarter. Park National Corp OH increased its holdings in Genworth Financial by 26.7% in the second quarter. Park National Corp OH now owns 19,000 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 4,000 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in Genworth Financial by 2.1% in the second quarter. Oregon Public Employees Retirement Fund now owns 202,178 shares of the financial services provider’s stock valued at $750,000 after purchasing an additional 4,166 shares during the period. Arizona State Retirement System increased its holdings in Genworth Financial by 1.6% in the second quarter. Arizona State Retirement System now owns 365,294 shares of the financial services provider’s stock valued at $1,355,000 after purchasing an additional 5,721 shares during the period. Finally, CWM Advisors LLC increased its holdings in Genworth Financial by 15.5% in the second quarter. CWM Advisors LLC now owns 46,059 shares of the financial services provider’s stock valued at $171,000 after purchasing an additional 6,191 shares during the period. Institutional investors own 65.32% of the company’s stock.
Separately, ValuEngine upgraded Genworth Financial from a “hold” rating to a “buy” rating in a report on Monday, November 4th.
NYSE GNW opened at $4.04 on Friday. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 11.22 and a beta of 1.62. Genworth Financial Inc has a twelve month low of $2.89 and a twelve month high of $5.02. The stock has a fifty day simple moving average of $4.27 and a 200 day simple moving average of $3.92. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.23.
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 Zacks’ consensus estimate of $0.30 by ($0.06). The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.14 billion. Genworth Financial had a net margin of 0.37% and a return on equity of 1.03%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.29 earnings per share. Research analysts expect that Genworth Financial Inc will post 1.04 earnings per share for the current fiscal year.
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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