GABELLI & Co INVESTMENT ADVISERS INC. trimmed its holdings in Genworth Financial Inc (NYSE:GNW) by 70.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,523 shares of the financial services provider’s stock after selling 138,398 shares during the quarter. GABELLI & Co INVESTMENT ADVISERS INC.’s holdings in Genworth Financial were worth $213,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Qube Research & Technologies Ltd acquired a new stake in Genworth Financial in the 2nd quarter worth about $51,000. CWM LLC boosted its stake in Genworth Financial by 825.0% in the 2nd quarter. CWM LLC now owns 9,250 shares of the financial services provider’s stock worth $34,000 after buying an additional 8,250 shares during the last quarter. Shah Capital Management boosted its stake in Genworth Financial by 3.5% in the 2nd quarter. Shah Capital Management now owns 6,636,617 shares of the financial services provider’s stock worth $24,621,000 after buying an additional 226,700 shares during the last quarter. Mount Vernon Associates Inc. MD boosted its stake in Genworth Financial by 48.9% in the 2nd quarter. Mount Vernon Associates Inc. MD now owns 53,300 shares of the financial services provider’s stock worth $198,000 after buying an additional 17,500 shares during the last quarter. Finally, Arizona State Retirement System boosted its stake in Genworth Financial by 1.6% in the 2nd quarter. Arizona State Retirement System now owns 365,294 shares of the financial services provider’s stock worth $1,355,000 after buying an additional 5,721 shares during the last quarter. 65.88% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have issued reports on GNW shares. BTIG Research reissued a “hold” rating on shares of Genworth Financial in a research note on Tuesday, July 2nd. ValuEngine raised Genworth Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, August 13th.
NYSE:GNW traded up $0.04 during mid-day trading on Monday, reaching $4.35. The company’s stock had a trading volume of 11,355 shares, compared to its average volume of 3,489,714. The company’s fifty day simple moving average is $3.91 and its two-hundred day simple moving average is $3.82. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.26 and a quick ratio of 0.26. Genworth Financial Inc has a twelve month low of $2.89 and a twelve month high of $5.02. The stock has a market cap of $2.17 billion, a P/E ratio of 12.02 and a beta of 1.72.
Genworth Financial (NYSE:GNW) last released its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.15. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.12 billion. Genworth Financial had a return on equity of 1.21% and a net margin of 1.87%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the business posted $0.40 EPS. Sell-side analysts expect that Genworth Financial Inc will post 1.12 EPS for the current fiscal 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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