Bank of Montreal Can Invests $1.03 Million in Genworth Financial, Inc. (NYSE:GNW)

Bank of Montreal Can bought a new position in shares of Genworth Financial, Inc. (NYSE:GNW) during the 2nd quarter, Holdings Channel.com reports. The fund bought 202,407 shares of the financial services provider’s stock, valued at approximately $1,026,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Ethic Inc. increased its stake in Genworth Financial by 20.7% in the first quarter. Ethic Inc. now owns 13,175 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 2,258 shares during the last quarter. HighTower Advisors LLC increased its stake in Genworth Financial by 10.3% in the fourth quarter. HighTower Advisors LLC now owns 24,565 shares of the financial services provider’s stock valued at $131,000 after acquiring an additional 2,300 shares during the last quarter. Franklin Resources Inc. increased its stake in Genworth Financial by 1.8% in the first quarter. Franklin Resources Inc. now owns 135,276 shares of the financial services provider’s stock valued at $679,000 after acquiring an additional 2,423 shares during the last quarter. Advisor Partners II LLC increased its stake in Genworth Financial by 11.2% in the first quarter. Advisor Partners II LLC now owns 25,017 shares of the financial services provider’s stock valued at $126,000 after acquiring an additional 2,527 shares during the last quarter. Finally, Centiva Capital LP increased its stake in Genworth Financial by 21.3% in the fourth quarter. Centiva Capital LP now owns 14,924 shares of the financial services provider’s stock valued at $79,000 after acquiring an additional 2,624 shares during the last quarter. 78.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Genworth Financial in a research note on Thursday, October 5th. They set a “hold” rating on the stock.

Genworth Financial Stock Performance

NYSE GNW opened at $5.50 on Monday. The firm’s fifty day moving average price is $5.88 and its two-hundred day moving average price is $5.67. The stock has a market cap of $2.55 billion, a PE ratio of 6.71 and a beta of 1.02. Genworth Financial, Inc. has a fifty-two week low of $4.51 and a fifty-two week high of $6.40. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.30 and a current ratio of 0.30.

Genworth Financial (NYSE:GNW) last posted its earnings results on Wednesday, November 8th. The financial services provider reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.13). The company had revenue of $1.83 billion for the quarter. Genworth Financial had a return on equity of 4.16% and a net margin of 5.39%. During the same quarter in the previous year, the firm posted $0.20 earnings per share.

Genworth Financial Profile

Genworth Financial, Inc provides insurance products in the United States and internationally. It operates in three segments: Enact, U.S. Life Insurance, and Runoff. The Enact segment offers mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans; and pool mortgage insurance products.