Capital Performance Advisors LLP Takes Position in Genworth Financial, Inc. (NYSE:GNW)

Capital Performance Advisors LLP acquired a new position in Genworth Financial, Inc. (NYSE:GNW) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 50,054 shares of the financial services provider’s stock, valued at approximately $334,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in Genworth Financial in the 4th quarter worth approximately $22,482,000. Donald Smith & CO. Inc. raised its holdings in Genworth Financial by 18.3% during the 4th quarter. Donald Smith & CO. Inc. now owns 21,175,252 shares of the financial services provider’s stock valued at $141,451,000 after buying an additional 3,283,110 shares during the last quarter. LSV Asset Management boosted its position in Genworth Financial by 15.9% during the 4th quarter. LSV Asset Management now owns 5,821,232 shares of the financial services provider’s stock valued at $38,886,000 after buying an additional 797,278 shares during the period. WINTON GROUP Ltd grew its holdings in Genworth Financial by 617.7% in the 3rd quarter. WINTON GROUP Ltd now owns 666,047 shares of the financial services provider’s stock worth $3,903,000 after acquiring an additional 573,249 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of Genworth Financial by 10.2% in the third quarter. American Century Companies Inc. now owns 5,209,312 shares of the financial services provider’s stock valued at $30,527,000 after acquiring an additional 481,059 shares during the period. 81.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods raised their target price on Genworth Financial from $6.50 to $7.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 10th.

Genworth Financial Stock Up 2.7 %

Shares of NYSE:GNW traded up $0.17 during trading on Monday, hitting $6.67. The stock had a trading volume of 2,559,195 shares, compared to its average volume of 2,811,002. The company has a quick ratio of 0.30, a current ratio of 0.29 and a debt-to-equity ratio of 0.18. Genworth Financial, Inc. has a 12 month low of $4.83 and a 12 month high of $6.93. The company has a market capitalization of $2.93 billion, a PE ratio of 35.08 and a beta of 1.08. The firm’s fifty day moving average is $6.20 and its 200 day moving average is $6.19.

Genworth Financial (NYSE:GNW) last posted its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $0.19 EPS for the quarter. Genworth Financial had a net margin of 1.24% and a negative return on equity of 0.21%. The business had revenue of $1.86 billion for the quarter.

Genworth Financial Company 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.