One68 Global Capital LLC Purchases New Position in Genworth Financial Inc (NYSE:GNW)

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One68 Global Capital LLC purchased a new stake in Genworth Financial Inc (NYSE:GNW) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 20,000 shares of the financial services provider’s stock, valued at approximately $77,000. Genworth Financial makes up 0.2% of One68 Global Capital LLC’s investment portfolio, making the stock its 16th largest holding.

Other institutional investors have also made changes to their positions in the company. Maso Capital Partners Ltd lifted its position in shares of Genworth Financial by 14.3% during the 1st quarter. Maso Capital Partners Ltd now owns 2,676,800 shares of the financial services provider’s stock valued at $10,252,000 after acquiring an additional 334,700 shares during the period. Westpac Banking Corp purchased a new stake in Genworth Financial in the 1st quarter worth approximately $709,000. Northern Trust Corp grew its stake in Genworth Financial by 0.8% in the 1st quarter. Northern Trust Corp now owns 7,965,402 shares of the financial services provider’s stock worth $30,507,000 after acquiring an additional 59,426 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of Genworth Financial by 65.2% during the 1st quarter. Commonwealth Equity Services LLC now owns 84,291 shares of the financial services provider’s stock valued at $322,000 after buying an additional 33,263 shares during the period. Finally, OppenheimerFunds Inc. grew its stake in shares of Genworth Financial by 31.1% during the 1st quarter. OppenheimerFunds Inc. now owns 565,259 shares of the financial services provider’s stock valued at $2,165,000 after buying an additional 134,109 shares during the period. Hedge funds and other institutional investors own 65.83% of the company’s stock.

Several analysts have recently issued reports on GNW shares. ValuEngine raised shares of Genworth Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. Zacks Investment Research cut shares of Genworth Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th.

Shares of NYSE GNW traded down $0.03 during trading on Friday, hitting $3.08. 13,141 shares of the company traded hands, compared to its average volume of 2,994,225. Genworth Financial Inc has a 1 year low of $2.89 and a 1 year high of $5.02. The stock has a market capitalization of $1.54 billion, a PE ratio of 8.57 and a beta of 1.62. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.27.

Genworth Financial (NYSE:GNW) last announced its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.02). Genworth Financial had a net margin of 2.12% and a return on equity of 1.20%. The company had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same period in the prior year, the firm earned $0.25 earnings per share. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. Equities research analysts expect that Genworth Financial Inc will post 0.98 EPS for the current fiscal year.

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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.

Further Reading: What is a Buy-Side Analyst?

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Institutional Ownership by Quarter for Genworth Financial (NYSE:GNW)

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