Russell Investments Group Ltd. Acquires 50,152 Shares of Genworth Financial, Inc. (NYSE:GNW)

Russell Investments Group Ltd. boosted its holdings in shares of Genworth Financial, Inc. (NYSE:GNW – Get Rating) by 6.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 844,733 shares of the financial services provider’s stock after acquiring an additional 50,152 shares during the period. Russell Investments Group Ltd. owned approximately 0.17% of Genworth Financial worth $4,469,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Genworth Financial by 3.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 68,567 shares of the financial services provider’s stock valued at $363,000 after purchasing an additional 2,118 shares in the last quarter. Edge Capital Group LLC raised its holdings 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 acquiring an additional 3,000 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings 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 acquiring an additional 3,361 shares in the last quarter. Arizona State Retirement System raised its holdings in Genworth Financial by 2.5% during the fourth quarter. Arizona State Retirement System now owns 142,137 shares of the financial services provider’s stock worth $752,000 after acquiring an additional 3,408 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in 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 worth $190,000 after acquiring an additional 3,556 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Genworth Financial in a report on Thursday, March 16th. They set a “hold” rating on the stock.

Genworth Financial Stock Performance

GNW opened at $5.44 on Wednesday. The business’s 50-day simple moving average is $5.42 and its 200 day simple moving average is $5.35. The firm has a market capitalization 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 quick ratio of 0.28 and a current ratio of 0.29. Genworth Financial, Inc. has a 52-week low of $3.43 and a 52-week high of $6.40.

Genworth Financial (NYSE:GNW – Get Rating) last announced its quarterly earnings results 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 for the quarter. Genworth Financial had a return on equity of 5.64% and a net margin of 6.99%. During the same quarter in the previous year, the business posted $0.29 earnings per share.

Genworth Financial Profile

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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.