Arizona State Retirement System Purchases 3,408 Shares of Genworth Financial, Inc. (NYSE:GNW)

Arizona State Retirement System grew its stake in shares of Genworth Financial, Inc. (NYSE:GNW – Get Rating) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 142,137 shares of the financial services provider’s stock after buying an additional 3,408 shares during the period. Arizona State Retirement System’s holdings in Genworth Financial were worth $752,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Genworth Financial by 3.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 68,567 shares of the financial services provider’s stock worth $363,000 after buying an additional 2,118 shares during the period. Edge Capital Group LLC boosted its stake in Genworth Financial by 25.0% during the fourth quarter. Edge Capital Group LLC now owns 15,000 shares of the financial services provider’s stock worth $79,000 after buying an additional 3,000 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in Genworth Financial by 27.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,687 shares of the financial services provider’s stock worth $55,000 after buying an additional 3,361 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Genworth Financial by 7.0% during the third quarter. Envestnet Asset Management Inc. now owns 54,204 shares of the financial services provider’s stock valued at $190,000 after purchasing an additional 3,556 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of Genworth Financial by 2.2% during the third quarter. Oregon Public Employees Retirement Fund now owns 168,094 shares of the financial services provider’s stock valued at $588,000 after purchasing an additional 3,649 shares during the period. Institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Genworth Financial in a research note on Thursday, March 16th. They set a “hold” rating for the company.

Genworth Financial Stock Down 0.7 %

NYSE:GNW opened at $5.44 on Wednesday. Genworth Financial, Inc. has a 1-year low of $3.43 and a 1-year high of $6.40. The company has a 50-day moving average of $5.42 and a 200 day moving average of $5.35. The firm has a market cap of $2.60 billion, a PE ratio of 5.33 and a beta of 1.03. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.29 and a quick ratio of 0.28.

Genworth Financial (NYSE:GNW – Get Rating) last released its quarterly earnings data on Wednesday, May 3rd. The financial services provider reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The business had revenue of $1.85 billion during the quarter. Genworth Financial had a return on equity of 5.64% and a net margin of 6.99%. During the same period in the previous year, the business posted $0.29 earnings per share.

About Genworth Financial

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Genworth Financial, Inc is a financial services company, which engages in the provision of insurance, wealth management, investment and financial solutions. It operates through the following segments: U.S. Mortgage Insurance, Australia Mortgage Insurance, U.S. Life Insurance, and Runoff. The U.S. Mortgage Insurance segment offers mortgage insurance products predominantly insuring prime-based, individually underwritten residential mortgage loans.