Royce & Associates LP grew its stake in Genworth Financial, Inc. (NYSE:GNW – Get Rating) by 3.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 218,607 shares of the financial services provider's stock after purchasing an additional 7,779 shares during the period. Royce & Associates LP's holdings in Genworth Financial were worth $826,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Byrne Asset Management LLC acquired a new stake in shares of Genworth Financial in the 4th quarter valued at approximately $38,000. Modera Wealth Management LLC acquired a new stake in shares of Genworth Financial in the 4th quarter valued at approximately $47,000. Advisor Partners LLC acquired a new stake in Genworth Financial during the 4th quarter worth approximately $69,000. Counterpoint Mutual Funds LLC boosted its position in Genworth Financial by 164.5% during the 1st quarter. Counterpoint Mutual Funds LLC now owns 17,498 shares of the financial services provider's stock worth $66,000 after buying an additional 10,882 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its position in Genworth Financial by 256.2% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 18,730 shares of the financial services provider's stock worth $76,000 after buying an additional 13,471 shares during the period. 70.67% of the stock is currently owned by institutional investors and hedge funds.
Get Genworth Financial alerts:Genworth Financial Stock Up 0.7 %
NYSE:GNW opened at $4.22 on Friday. The firm's 50 day simple moving average is $3.87 and its 200 day simple moving average is $3.89. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.28 and a quick ratio of 0.27. Genworth Financial, Inc. has a one year low of $3.29 and a one year high of $4.61. The company has a market cap of $2.13 billion, a PE ratio of 2.69 and a beta of 0.97.
Genworth Financial (NYSE:GNW – Get Rating) last posted its earnings results on Monday, August 1st. The financial services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.27 by $0.08. Genworth Financial had a net margin of 10.65% and a return on equity of 4.73%.Insiders Place Their Bets
In other Genworth Financial news, CEO Thomas J. Mcinerney sold 100,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 24th. The shares were sold at an average price of $3.95, for a total transaction of $395,000.00. Following the completion of the transaction, the chief executive officer now owns 3,939,625 shares in the company, valued at approximately $15,561,518.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.99% of the company's stock.
Genworth Financial Profile
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Genworth Financial, Inc provides insurance products in the United States and internationally. The company operates in three segments: Enact, U.S. Life Insurance, and Runoff. The Enact segment offers mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans; and pool mortgage insurance products.
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