Quinn Opportunity Partners LLC increased its stake in Genworth Financial Inc (NYSE:GNW) by 149.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 334,716 shares of the financial services provider’s stock after buying an additional 200,778 shares during the quarter. Quinn Opportunity Partners LLC’s holdings in Genworth Financial were worth $1,282,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of GNW. Norges Bank acquired a new stake in shares of Genworth Financial in the fourth quarter valued at about $32,764,000. First Manhattan Co. grew its stake in shares of Genworth Financial by 6,282.9% in the fourth quarter. First Manhattan Co. now owns 4,544,605 shares of the financial services provider’s stock valued at $21,177,000 after buying an additional 4,473,405 shares in the last quarter. BlackRock Inc. grew its stake in shares of Genworth Financial by 3.0% in the fourth quarter. BlackRock Inc. now owns 58,673,934 shares of the financial services provider’s stock valued at $273,420,000 after buying an additional 1,689,769 shares in the last quarter. Litespeed Management L.L.C. grew its stake in shares of Genworth Financial by 236.1% in the fourth quarter. Litespeed Management L.L.C. now owns 2,189,931 shares of the financial services provider’s stock valued at $10,205,000 after buying an additional 1,538,300 shares in the last quarter. Finally, P Schoenfeld Asset Management LP acquired a new stake in shares of Genworth Financial in the fourth quarter valued at about $6,848,000. Institutional investors and hedge funds own 64.63% of the company’s stock.
Shares of GNW stock traded up $0.02 during trading hours on Thursday, reaching $3.40. The company had a trading volume of 18,698 shares, compared to its average volume of 3,678,962. Genworth Financial Inc has a twelve month low of $3.19 and a twelve month high of $5.02. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a market cap of $1.68 billion, a P/E ratio of 9.38 and a beta of 1.49.
Genworth Financial (NYSE:GNW) last issued its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). Genworth Financial had a net margin of 2.12% and a return on equity of 1.20%. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the business earned $0.25 EPS. Genworth Financial’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities research analysts predict that Genworth Financial Inc will post 0.98 EPS for the current year.
A number of equities research analysts have recently issued reports on the company. ValuEngine lowered Genworth Financial from a “hold” rating to a “sell” rating in a research note on Monday. Zacks Investment Research lowered Genworth Financial from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 2nd.
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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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