Separately, BTIG Research restated a hold rating on shares of Genworth Financial in a research report on Tuesday, July 2nd.
Shares of NYSE GNW opened at $4.31 on Tuesday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.26. The firm has a market cap of $2.17 billion, a P/E ratio of 11.97 and a beta of 1.72. Genworth Financial has a twelve month low of $2.89 and a twelve month high of $5.02. The company has a 50 day moving average of $3.89 and a 200 day moving average of $3.82.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its position in Genworth Financial by 1.3% in the 2nd quarter. BlackRock Inc. now owns 59,020,359 shares of the financial services provider’s stock worth $218,967,000 after purchasing an additional 748,979 shares during the period. CNH Partners LLC raised its stake in shares of Genworth Financial by 13.6% during the first quarter. CNH Partners LLC now owns 11,462,117 shares of the financial services provider’s stock valued at $43,900,000 after acquiring an additional 1,371,039 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Genworth Financial by 1.7% in the second quarter. Northern Trust Corp now owns 8,103,433 shares of the financial services provider’s stock valued at $30,064,000 after purchasing an additional 138,031 shares during the period. Norges Bank purchased a new stake in shares of Genworth Financial in the fourth quarter valued at approximately $32,764,000. Finally, Shah Capital Management grew its stake in Genworth Financial by 3.5% in the second quarter. Shah Capital Management now owns 6,636,617 shares of the financial services provider’s stock worth $24,621,000 after purchasing an additional 226,700 shares in the last quarter. Hedge funds and other institutional investors own 65.67% of the company’s stock.
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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