Genworth Financial, Inc. $GNW Shares Acquired by UBS Group AG

UBS Group AG lifted its holdings in shares of Genworth Financial, Inc. (NYSE:GNW) by 621.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,598,588 shares of the financial services provider’s stock after acquiring an additional 3,099,582 shares during the period. UBS Group AG’s holdings in Genworth Financial were worth $32,495,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in GNW. Invesco Ltd. boosted its holdings in shares of Genworth Financial by 41.0% during the second quarter. Invesco Ltd. now owns 4,291,220 shares of the financial services provider’s stock worth $33,386,000 after purchasing an additional 1,248,374 shares during the last quarter. Hudson Bay Capital Management LP acquired a new stake in shares of Genworth Financial during the second quarter worth $5,616,000. American Century Companies Inc. raised its position in shares of Genworth Financial by 7.9% in the 3rd quarter. American Century Companies Inc. now owns 9,567,534 shares of the financial services provider’s stock worth $85,151,000 after buying an additional 704,498 shares during the period. Amundi raised its position in shares of Genworth Financial by 722.3% in the 3rd quarter. Amundi now owns 561,676 shares of the financial services provider’s stock worth $4,960,000 after buying an additional 493,367 shares during the period. Finally, WINTON GROUP Ltd raised its position in shares of Genworth Financial by 203.9% in the 3rd quarter. WINTON GROUP Ltd now owns 706,644 shares of the financial services provider’s stock worth $6,289,000 after buying an additional 474,094 shares during the period. Institutional investors and hedge funds own 81.85% of the company’s stock.

Genworth Financial Trading Down 0.1%

Shares of GNW opened at $9.14 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $3.50 billion, a P/E ratio of 17.57 and a beta of 0.89. The stock’s fifty day simple moving average is $8.49 and its 200 day simple moving average is $8.62. Genworth Financial, Inc. has a twelve month low of $6.63 and a twelve month high of $9.45.

Genworth Financial (NYSE:GNW) last issued its earnings results on Tuesday, May 5th. The financial services provider reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.10. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.72 billion. Genworth Financial had a return on equity of 1.73% and a net margin of 2.96%.

Analysts Set New Price Targets

Several brokerages recently weighed in on GNW. Weiss Ratings raised Genworth Financial from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Wall Street Zen raised Genworth Financial from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Keefe, Bruyette & Woods reaffirmed a “moderate buy” rating and issued a $10.50 target price on shares of Genworth Financial in a research report on Thursday, March 26th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Genworth Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.50.

Genworth Financial Company Profile

Genworth Financial (NYSE: GNW) is a leading financial security company offering a broad range of insurance products. Based in Richmond, Virginia, Genworth provides individuals and families with solutions designed to protect against long-term care expenses, secure life insurance needs and support homeownership through private mortgage insurance. With operations spanning the United States, Canada and Australia, the company serves both retail and institutional clients through a diversified portfolio of risk management services.

The company’s Private Mortgage Insurance (PMI) segment offers coverage to lenders and consumers in the US, Canada and Australia, enabling homebuyers to purchase properties with lower down payments.