Genworth Financial Inc (NYSE:GNW) Shares Bought by Gabelli Funds LLC

Gabelli Funds LLC lifted its holdings in Genworth Financial Inc (NYSE:GNW) by 365.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 204,231 shares of the financial services provider’s stock after acquiring an additional 160,364 shares during the period. Gabelli Funds LLC’s holdings in Genworth Financial were worth $899,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Genworth Financial by 1.3% in the second quarter. BlackRock Inc. now owns 59,020,359 shares of the financial services provider’s stock valued at $218,967,000 after purchasing an additional 748,979 shares during the period. First Manhattan Co. boosted its stake in shares of Genworth Financial by 4.2% in the second quarter. First Manhattan Co. now owns 9,006,318 shares of the financial services provider’s stock valued at $33,413,000 after purchasing an additional 361,111 shares during the period. Northern Trust Corp boosted its stake 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. Shah Capital Management boosted its stake in shares of 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 valued at $24,621,000 after purchasing an additional 226,700 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Genworth Financial by 2.2% in the second quarter. Charles Schwab Investment Management Inc. now owns 3,799,073 shares of the financial services provider’s stock valued at $14,095,000 after purchasing an additional 80,320 shares during the period. 65.32% of the stock is owned by institutional investors.

Genworth Financial stock traded down $0.01 during trading hours on Monday, hitting $4.03. 92,544 shares of the company traded hands, compared to its average volume of 3,395,797. The firm has a market cap of $2.02 billion, a P/E ratio of 11.18 and a beta of 1.62. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.23. The firm’s 50-day simple moving average is $4.27 and its two-hundred day simple moving average is $3.92. Genworth Financial Inc has a 1-year low of $2.89 and a 1-year high of $5.02.

Genworth Financial (NYSE:GNW) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.06). Genworth Financial had a net margin of 0.37% and a return on equity of 1.03%. The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter last year, the business posted $0.29 EPS. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, equities research analysts predict that Genworth Financial Inc will post 1.04 earnings per share for the current year.

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

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

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