Gamco Investors INC. ET AL purchased a new stake in shares of Genworth Financial Inc (NYSE:GNW) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 18,821 shares of the financial services provider’s stock, valued at approximately $83,000.

Several other institutional investors also recently bought and sold shares of the company. Quest Capital Management Inc. ADV acquired a new stake in shares of Genworth Financial in the 3rd quarter valued at $36,000. Point72 Hong Kong Ltd bought a new position in shares of Genworth Financial during the 2nd quarter worth about $32,000. CWM LLC increased its holdings in shares of Genworth Financial by 825.0% during the 2nd quarter. CWM LLC now owns 9,250 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 8,250 shares during the period. Pentwater Capital Management LP bought a new position in shares of Genworth Financial during the 2nd quarter worth about $37,000. Finally, Signaturefd LLC increased its holdings in shares of Genworth Financial by 3,644.5% during the 3rd quarter. Signaturefd LLC now owns 10,185 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 9,913 shares during the period. Institutional investors and hedge funds own 65.36% of the company’s stock.

Separately, ValuEngine upgraded shares of Genworth Financial from a “hold” rating to a “buy” rating in a report on Monday, November 4th.

NYSE GNW traded down $0.04 on Wednesday, reaching $3.99. The company’s stock had a trading volume of 12,289 shares, compared to its average volume of 3,384,975. The firm has a market cap of $2.03 billion, a PE ratio of 11.10 and a beta of 1.62. The business has a 50-day moving average price of $4.25 and a 200 day moving average price of $3.93. Genworth Financial Inc has a 52 week low of $2.89 and a 52 week high of $5.02. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.23.

Genworth Financial (NYSE:GNW) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.06). The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.14 billion. Genworth Financial had a net margin of 0.37% and a return on equity of 1.03%. The business’s revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.29 EPS. Analysts anticipate that Genworth Financial Inc will post 1.04 earnings per share for the current fiscal year.

About Genworth Financial

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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Institutional Ownership by Quarter for Genworth Financial (NYSE:GNW)

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