Repertoire Partners LP Makes New Investment in Genworth Financial, Inc. $GNW

Repertoire Partners LP bought a new stake in Genworth Financial, Inc. (NYSE:GNW) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 75,500 shares of the financial services provider’s stock, valued at approximately $587,000. Genworth Financial accounts for 0.4% of Repertoire Partners LP’s portfolio, making the stock its 2nd biggest position.

Several other institutional investors and hedge funds have also modified their holdings of the business. Seven Mile Advisory bought a new position in Genworth Financial during the second quarter worth about $78,000. Squarepoint Ops LLC raised its position in shares of Genworth Financial by 50.9% in the second quarter. Squarepoint Ops LLC now owns 180,283 shares of the financial services provider’s stock valued at $1,403,000 after buying an additional 60,787 shares in the last quarter. Nebula Research & Development LLC raised its position in shares of Genworth Financial by 11.9% in the second quarter. Nebula Research & Development LLC now owns 38,074 shares of the financial services provider’s stock valued at $296,000 after buying an additional 4,061 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Genworth Financial by 2,175.3% in the second quarter. NewEdge Advisors LLC now owns 16,314 shares of the financial services provider’s stock valued at $127,000 after buying an additional 15,597 shares during the period. Finally, Lombard Odier Asset Management USA Corp acquired a new stake in Genworth Financial during the second quarter worth approximately $229,000. 81.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wall Street Zen raised Genworth Financial from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Genworth Financial in a research note on Monday. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Genworth Financial from $9.50 to $10.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $10.00.

Genworth Financial Stock Performance

NYSE:GNW opened at $8.93 on Friday. The stock’s 50-day simple moving average is $8.61 and its 200 day simple moving average is $8.20. The firm has a market capitalization of $3.57 billion, a PE ratio of 16.85 and a beta of 1.02. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.15. Genworth Financial, Inc. has a twelve month low of $5.99 and a twelve month high of $9.15.

Genworth Financial (NYSE:GNW) last issued its earnings results on Wednesday, November 5th. The financial services provider reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). The business had revenue of $1.04 billion for the quarter. Genworth Financial had a return on equity of 1.56% and a net margin of 3.01%.

Genworth Financial 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.