Genworth Financial, Inc. (NYSE:GNW) Shares Purchased by Prudential Financial Inc.

Prudential Financial Inc. boosted its holdings in shares of Genworth Financial, Inc. (NYSE:GNW) by 70.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 5,567,978 shares of the financial services provider’s stock after buying an additional 2,296,538 shares during the quarter. Prudential Financial Inc.’s holdings in Genworth Financial were worth $38,920,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of GNW. Intech Investment Management LLC raised its stake in shares of Genworth Financial by 34.8% in the 3rd quarter. Intech Investment Management LLC now owns 127,882 shares of the financial services provider’s stock valued at $876,000 after acquiring an additional 32,979 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Genworth Financial by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,095,892 shares of the financial services provider’s stock worth $34,907,000 after purchasing an additional 92,849 shares in the last quarter. Citigroup Inc. grew its stake in shares of Genworth Financial by 50.7% in the third quarter. Citigroup Inc. now owns 651,385 shares of the financial services provider’s stock valued at $4,462,000 after buying an additional 219,224 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Genworth Financial by 44.1% in the 3rd quarter. Daiwa Securities Group Inc. now owns 50,000 shares of the financial services provider’s stock valued at $343,000 after buying an additional 15,300 shares during the period. Finally, Hancock Whitney Corp lifted its stake in Genworth Financial by 1.0% during the 3rd quarter. Hancock Whitney Corp now owns 135,327 shares of the financial services provider’s stock worth $927,000 after acquiring an additional 1,387 shares in the last quarter. Institutional investors and hedge funds own 81.85% of the company’s stock.

Genworth Financial Stock Down 0.6 %

Shares of NYSE:GNW opened at $7.15 on Wednesday. The firm has a market capitalization of $2.99 billion, a PE ratio of 10.51 and a beta of 1.02. Genworth Financial, Inc. has a 1 year low of $5.67 and a 1 year high of $7.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.29 and a quick ratio of 0.29. The firm’s 50-day moving average is $6.97 and its two-hundred day moving average is $7.04.

Genworth Financial (NYSE:GNW) last announced its earnings results on Tuesday, February 18th. The financial services provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.14). Genworth Financial had a return on equity of 2.96% and a net margin of 4.10%. The business had revenue of $1.82 billion for the quarter. During the same quarter in the prior year, the firm posted ($0.51) earnings per share.

About Genworth Financial

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.