Vilas Fund LP Buys 42,000 Shares of Genworth Financial Inc (NYSE:GNW)

Vilas Fund LP boosted its stake in Genworth Financial Inc (NYSE:GNW) by 210.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 62,000 shares of the financial services provider’s stock after purchasing an additional 42,000 shares during the quarter. Genworth Financial makes up 0.3% of Vilas Fund LP’s portfolio, making the stock its 28th biggest holding. Vilas Fund LP’s holdings in Genworth Financial were worth $230,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in GNW. Alpine Associates Management Inc. bought a new stake in Genworth Financial in the first quarter valued at $6,972,000. CNH Partners LLC boosted its holdings in Genworth Financial by 13.6% in the first quarter. CNH Partners LLC now owns 11,462,117 shares of the financial services provider’s stock valued at $43,900,000 after acquiring an additional 1,371,039 shares in the last quarter. Nordea Investment Management AB bought a new stake in Genworth Financial in the first quarter valued at $4,426,000. State of New Jersey Common Pension Fund D boosted its holdings in Genworth Financial by 100.0% in the second quarter. State of New Jersey Common Pension Fund D now owns 1,200,000 shares of the financial services provider’s stock valued at $4,452,000 after acquiring an additional 600,000 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in Genworth Financial by 1,987.1% in the first quarter. Robeco Institutional Asset Management B.V. now owns 478,828 shares of the financial services provider’s stock valued at $1,835,000 after acquiring an additional 455,886 shares in the last quarter. Institutional investors and hedge funds own 65.88% of the company’s stock.

GNW has been the topic of several recent analyst reports. BTIG Research reiterated a “hold” rating on shares of Genworth Financial in a report on Tuesday, July 2nd. ValuEngine upgraded shares of Genworth Financial from a “sell” rating to a “hold” rating in a report on Tuesday, August 13th.

Shares of GNW stock traded up $0.04 during mid-day trading on Monday, reaching $4.35. 13,059 shares of the company’s stock traded hands, compared to its average volume of 3,489,714. Genworth Financial Inc has a 12 month low of $2.89 and a 12 month high of $5.02. The company has a market cap of $2.17 billion, a P/E ratio of 12.08 and a beta of 1.72. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.26. The company’s 50-day moving average price is $3.91 and its 200-day moving average price is $3.82.

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

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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