CoreCap Advisors LLC Takes $278,000 Position in Genworth Financial, Inc. (NYSE:GNW)

CoreCap Advisors LLC bought a new stake in Genworth Financial, Inc. (NYSE:GNW) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 41,606 shares of the financial services provider’s stock, valued at approximately $278,000.

Other institutional investors have also modified their holdings of the company. State of Wyoming acquired a new position in Genworth Financial in the 2nd quarter valued at $29,000. Prelude Capital Management LLC acquired a new position in Genworth Financial in the 2nd quarter valued at $35,000. Nomura Holdings Inc. purchased a new stake in shares of Genworth Financial during the 2nd quarter worth $39,000. Private Advisor Group LLC purchased a new stake in shares of Genworth Financial during the 1st quarter worth $40,000. Finally, Cipher Capital LP purchased a new stake in shares of Genworth Financial during the 2nd quarter worth $52,000. 81.85% of the stock is owned by institutional investors and hedge funds.

Genworth Financial Price Performance

Genworth Financial stock opened at $6.41 on Thursday. Genworth Financial, Inc. has a 52 week low of $4.51 and a 52 week high of $6.93. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.19. The firm’s 50-day simple moving average is $6.21 and its 200 day simple moving average is $6.14. The firm has a market capitalization of $2.83 billion, a PE ratio of -640,500.00 and a beta of 1.06.

Genworth Financial (NYSE:GNW) last released its earnings results on Wednesday, February 21st. The financial services provider reported ($0.51) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.70). The firm had revenue of $1.91 billion during the quarter. Genworth Financial had a net margin of 0.21% and a negative return on equity of 0.23%. During the same quarter last year, the business posted $0.35 EPS.

Genworth Financial 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.