Genworth Financial, Inc. (NYSE:GNW) Stake Increased by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC increased its stake in Genworth Financial, Inc. (NYSE:GNW) by 7.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 123,320 shares of the financial services provider’s stock after buying an additional 8,981 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Genworth Financial were worth $862,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in GNW. Raymond James Financial Inc. bought a new stake in shares of Genworth Financial in the fourth quarter worth $7,496,000. Repertoire Partners LP bought a new stake in Genworth Financial during the third quarter valued at $6,850,000. Whitefort Capital Management LP increased its stake in Genworth Financial by 49.6% during the third quarter. Whitefort Capital Management LP now owns 2,986,960 shares of the financial services provider’s stock valued at $20,461,000 after purchasing an additional 990,000 shares during the last quarter. FMR LLC increased its stake in Genworth Financial by 18.7% during the third quarter. FMR LLC now owns 5,675,896 shares of the financial services provider’s stock valued at $38,880,000 after purchasing an additional 894,053 shares during the last quarter. Finally, Verition Fund Management LLC increased its stake in Genworth Financial by 900.7% during the third quarter. Verition Fund Management LLC now owns 970,185 shares of the financial services provider’s stock valued at $6,646,000 after purchasing an additional 873,237 shares during the last quarter. Institutional investors own 81.85% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Genworth Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th.

Genworth Financial Stock Up 2.9 %

GNW stock opened at $6.64 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.29 and a quick ratio of 0.29. Genworth Financial, Inc. has a 1-year low of $5.67 and a 1-year high of $7.90. The firm has a fifty day moving average price of $6.95 and a two-hundred day moving average price of $7.03. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 9.76 and a beta of 1.02.

Genworth Financial (NYSE:GNW) last announced its quarterly earnings results on Tuesday, February 18th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.14). Genworth Financial had a net margin of 4.10% and a return on equity of 2.96%. The firm had revenue of $1.82 billion for the quarter. During the same period last year, the business posted ($0.51) earnings per share.

Genworth Financial Company Profile

Genworth Financial, Inc, together with its subsidiaries, provides mortgage and long-term care insurance products in the United States and internationally. It operates in three segments: Enact, Long-Term Care Insurance, and Life and Annuities. The Enact segment offers private mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans; and pool mortgage insurance products.