Mount Vernon Associates Inc. MD Has $198,000 Position in Genworth Financial Inc (NYSE:GNW)

Mount Vernon Associates Inc. MD boosted its position in Genworth Financial Inc (NYSE:GNW) by 48.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,300 shares of the financial services provider’s stock after purchasing an additional 17,500 shares during the period. Mount Vernon Associates Inc. MD’s holdings in Genworth Financial were worth $198,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Maso Capital Partners Ltd increased its holdings in Genworth Financial by 14.3% in the 1st quarter. Maso Capital Partners Ltd now owns 2,676,800 shares of the financial services provider’s stock worth $10,252,000 after purchasing an additional 334,700 shares in the last quarter. Creative Planning increased its stake in shares of Genworth Financial by 81.2% in the first quarter. Creative Planning now owns 25,632 shares of the financial services provider’s stock valued at $98,000 after buying an additional 11,488 shares during the period. World Asset Management Inc increased its stake in shares of Genworth Financial by 29.8% in the first quarter. World Asset Management Inc now owns 46,836 shares of the financial services provider’s stock valued at $179,000 after buying an additional 10,763 shares during the period. Two Sigma Investments LP increased its stake in shares of Genworth Financial by 67.6% in the fourth quarter. Two Sigma Investments LP now owns 35,959 shares of the financial services provider’s stock valued at $168,000 after buying an additional 14,500 shares during the period. Finally, Marshall Wace North America L.P. increased its stake in shares of Genworth Financial by 40.7% in the first quarter. Marshall Wace North America L.P. now owns 63,779 shares of the financial services provider’s stock valued at $244,000 after buying an additional 18,442 shares during the period. 65.96% of the stock is owned by institutional investors and hedge funds.

Shares of GNW stock opened at $3.94 on Monday. The firm has a market capitalization of $1.98 billion, a PE ratio of 10.94 and a beta of 1.72. The company has a 50-day moving average of $3.72. The company has a current ratio of 0.26, a quick ratio of 0.27 and a debt-to-equity ratio of 0.26. Genworth Financial Inc has a 1-year low of $2.89 and a 1-year high of $5.02.

Genworth Financial (NYSE:GNW) last issued its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.15. The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Genworth Financial had a return on equity of 1.21% and a net margin of 1.87%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.40 earnings per share. As a group, equities analysts forecast that Genworth Financial Inc will post 1.12 earnings per share for the current year.

Several equities research analysts have recently weighed in on GNW shares. ValuEngine cut Genworth Financial from a “hold” rating to a “sell” rating in a research note on Thursday. BTIG Research reissued a “hold” rating on shares of Genworth Financial in a research note on Tuesday, July 2nd.

About Genworth Financial

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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