LPL Financial LLC Raises Stake in Genworth Financial Inc (GNW)

LPL Financial LLC increased its stake in shares of Genworth Financial Inc (NYSE:GNW) by 98.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 75,899 shares of the financial services provider’s stock after purchasing an additional 37,671 shares during the period. LPL Financial LLC’s holdings in Genworth Financial were worth $354,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Founders Capital Management boosted its holdings in Genworth Financial by 4,000.0% during the 4th quarter. Founders Capital Management now owns 12,300 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 12,000 shares during the period. Paulson Wealth Management Inc. purchased a new stake in Genworth Financial in the 4th quarter worth approximately $62,000. Standard Life Aberdeen plc purchased a new stake in Genworth Financial in the 3rd quarter worth approximately $74,000. Gamco Investors INC. ET AL lifted its holdings in Genworth Financial by 29.2% in 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. Finally, Piedmont Investment Advisors Inc. purchased a new stake in Genworth Financial in the 4th quarter worth approximately $103,000. 64.89% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently commented on GNW shares. ValuEngine upgraded Genworth Financial from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 2nd. Zacks Investment Research cut Genworth Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th.

GNW stock traded down $0.01 on Friday, reaching $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 one year low of $2.66 and a one year high of $5.02. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.28. The firm has a market cap of $1.89 billion, a PE ratio of 10.42 and a beta of 1.51.

Genworth Financial (NYSE:GNW) last posted its quarterly earnings data on Tuesday, February 5th. The financial services provider reported ($0.58) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.84). The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.11 billion. Genworth Financial had a net margin of 1.41% and a return on equity of 1.23%. The firm’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period last year, the business earned $0.65 EPS. On average, research analysts expect that Genworth Financial Inc will post 1 earnings per share for the current fiscal year.

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Genworth Financial 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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