MetLife Investment Advisors LLC Has $2.46 Million Position in Genworth Financial Inc (NYSE:GNW)

MetLife Investment Advisors LLC reduced its stake in Genworth Financial Inc (NYSE:GNW) by 19.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 528,324 shares of the financial services provider’s stock after selling 129,048 shares during the period. MetLife Investment Advisors LLC owned 0.11% of Genworth Financial worth $2,462,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Founders Capital Management grew its position in Genworth Financial by 4,000.0% in the fourth quarter. Founders Capital Management now owns 12,300 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 12,000 shares in the last quarter. Paulson Wealth Management Inc. bought a new stake in shares of Genworth Financial during the 4th quarter worth $62,000. Standard Life Aberdeen plc bought a new stake in shares of Genworth Financial during the 3rd quarter worth $74,000. Stifel Financial Corp bought a new stake in shares of Genworth Financial during the 4th quarter worth $92,000. Finally, Gamco Investors INC. ET AL boosted its holdings in shares of Genworth Financial by 29.2% during the 4th quarter. Gamco Investors INC. ET AL now owns 21,000 shares of the financial services provider’s stock worth $98,000 after buying an additional 4,750 shares during the period. Institutional investors and hedge funds own 64.89% of the company’s stock.

Several analysts recently issued reports on the stock. Zacks Investment Research raised shares of Genworth Financial from a “hold” rating to a “buy” rating and set a $5.25 price objective for the company in a report on Thursday, January 3rd. ValuEngine upgraded shares of Genworth Financial from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 2nd.

NYSE:GNW traded down $0.01 during trading hours on Friday, hitting $3.75. 1,256,984 shares of the company traded hands, compared to its average volume of 2,049,777. Genworth Financial Inc has a twelve month low of $2.66 and a twelve month high of $5.02. The stock has a market cap of $1.89 billion, a P/E ratio of 10.42 and a beta of 1.51. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.27 and a quick ratio of 0.27.

Genworth Financial (NYSE:GNW) last announced its quarterly earnings data on Tuesday, February 5th. The financial services provider reported ($0.58) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.84). Genworth Financial had a net margin of 1.41% and a return on equity of 1.23%. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the prior year, the company posted $0.65 EPS. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Genworth Financial Inc will post 1 EPS for the current year.

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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.

Further Reading: Depreciation

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

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