Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Genworth Financial Inc (NYSE:GNW) by 6.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 303,284 shares of the financial services provider’s stock after acquiring an additional 17,750 shares during the period. Ladenburg Thalmann Financial Services Inc. owned approximately 0.06% of Genworth Financial worth $858,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Zeke Capital Advisors LLC acquired a new stake in Genworth Financial in the 1st quarter worth about $105,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Genworth Financial by 82.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,837 shares of the financial services provider’s stock worth $113,000 after buying an additional 18,036 shares during the last quarter. Ontario Teachers Pension Plan Board boosted its holdings in Genworth Financial by 78.1% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 51,416 shares of the financial services provider’s stock worth $146,000 after buying an additional 22,548 shares during the last quarter. Xact Kapitalforvaltning AB acquired a new stake in Genworth Financial in the 4th quarter worth about $162,000. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in Genworth Financial by 52.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 55,077 shares of the financial services provider’s stock worth $171,000 after buying an additional 18,868 shares during the last quarter. Hedge funds and other institutional investors own 65.43% of the company’s stock.
Several equities research analysts recently issued reports on GNW shares. Wells Fargo & Co reiterated a “hold” rating and issued a $5.00 price objective (up from $3.00) on shares of Genworth Financial in a report on Wednesday, June 6th. Zacks Investment Research cut Genworth Financial from a “hold” rating to a “sell” rating in a report on Tuesday, June 26th. BTIG Research reiterated a “hold” rating on shares of Genworth Financial in a report on Tuesday, June 12th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Genworth Financial in a report on Thursday, April 12th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $4.17.
GNW stock opened at $4.50 on Monday. The stock has a market capitalization of $2.25 billion, a P/E ratio of 3.24, a PEG ratio of 0.92 and a beta of 2.44. Genworth Financial Inc has a 12-month low of $2.66 and a 12-month high of $4.92. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.28 and a current ratio of 0.28.
Genworth Financial (NYSE:GNW) last issued its quarterly earnings results on Tuesday, May 1st. The financial services provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.15 billion. Genworth Financial had a return on equity of 4.50% and a net margin of 9.39%. Genworth Financial’s revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.29 earnings per share. analysts expect that Genworth Financial Inc will post 0.98 earnings per share for the current year.
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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