Los Angeles Capital Management LLC Purchases 33,094 Shares of Genworth Financial, Inc. (NYSE:GNW)

Los Angeles Capital Management LLC lifted its position in shares of Genworth Financial, Inc. (NYSE:GNW) by 35.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 127,186 shares of the financial services provider’s stock after acquiring an additional 33,094 shares during the period. Los Angeles Capital Management LLC’s holdings in Genworth Financial were worth $850,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in GNW. Nisa Investment Advisors LLC grew its holdings in shares of Genworth Financial by 10.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 21,640 shares of the financial services provider’s stock worth $145,000 after purchasing an additional 2,000 shares during the last quarter. Covestor Ltd boosted its position in Genworth Financial by 16.8% during the 3rd quarter. Covestor Ltd now owns 16,817 shares of the financial services provider’s stock worth $99,000 after buying an additional 2,413 shares during the period. Strs Ohio grew its holdings in Genworth Financial by 25.8% during the 4th quarter. Strs Ohio now owns 19,000 shares of the financial services provider’s stock worth $126,000 after acquiring an additional 3,900 shares during the last quarter. Federated Hermes Inc. increased its position in Genworth Financial by 0.5% in the 3rd quarter. Federated Hermes Inc. now owns 963,720 shares of the financial services provider’s stock valued at $5,647,000 after acquiring an additional 4,499 shares during the period. Finally, Daiwa Securities Group Inc. bought a new position in shares of Genworth Financial during the fourth quarter valued at $33,000. Institutional investors and hedge funds own 81.85% of the company’s stock.

Genworth Financial Stock Performance

Shares of GNW stock opened at $6.63 on Friday. The stock has a market capitalization of $2.90 billion, a PE ratio of 34.87 and a beta of 1.08. The business’s 50 day simple moving average is $6.23 and its 200 day simple moving average is $6.20. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.29 and a quick ratio of 0.30. Genworth Financial, Inc. has a one year low of $4.83 and a one year high of $6.93.

Genworth Financial (NYSE:GNW) last posted its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $0.19 EPS for the quarter. Genworth Financial had a net margin of 1.24% and a negative return on equity of 0.21%. The company had revenue of $1.86 billion for the quarter.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods increased their price objective on Genworth Financial from $6.50 to $7.00 and gave the company a “market perform” rating in a report on Wednesday, April 10th.

About Genworth Financial

Genworth Financial, Inc, together with its subsidiaries, provides mortgage and long-term care insurance products in the United States and internationally. It operates in three segments: Enact, Long-Term Care Insurance, and Life and Annuities. The Enact segment offers private mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans; and pool mortgage insurance products.