Mackay Shields LLC reduced its holdings in shares of Genworth Financial Inc (NYSE:GNW) by 20.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 977,895 shares of the financial services provider’s stock after selling 251,200 shares during the quarter. Mackay Shields LLC’s holdings in Genworth Financial were worth $4,303,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Quest Capital Management Inc. ADV acquired a new position in shares of Genworth Financial during the 3rd quarter worth about $36,000. Point72 Hong Kong Ltd acquired a new position in shares of Genworth Financial during the 2nd quarter worth about $32,000. CWM LLC boosted its position in shares of Genworth Financial by 825.0% during the 2nd quarter. CWM LLC now owns 9,250 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 8,250 shares in the last quarter. Pentwater Capital Management LP acquired a new position in shares of Genworth Financial during the 2nd quarter worth about $37,000. Finally, Signaturefd LLC boosted its position in shares of Genworth Financial by 3,644.5% during the 3rd quarter. Signaturefd LLC now owns 10,185 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 9,913 shares in the last quarter. 65.32% of the stock is owned by institutional investors and hedge funds.
Separately, ValuEngine raised Genworth Financial from a “hold” rating to a “buy” rating in a research report on Monday, November 4th.
Shares of NYSE:GNW traded down $0.01 on Friday, hitting $4.04. 1,484,096 shares of the company’s stock were exchanged, compared to its average volume of 3,395,797. The firm’s 50-day moving average is $4.27 and its 200 day moving average is $3.92. The company has a market capitalization of $2.01 billion, a PE ratio of 11.22 and a beta of 1.62. Genworth Financial Inc has a 1-year low of $2.89 and a 1-year high of $5.02. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.26 and a current ratio of 0.26.
Genworth Financial (NYSE:GNW) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.06). The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.14 billion. Genworth Financial had a return on equity of 1.03% and a net margin of 0.37%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.29 earnings per share. On average, analysts anticipate that Genworth Financial Inc will post 1.04 EPS 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.
Further Reading: Bond
Want to see what other hedge funds are holding GNW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Genworth Financial Inc (NYSE:GNW).
Receive News & Ratings for Genworth Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genworth Financial and related companies with MarketBeat.com's FREE daily email newsletter.