DekaBank Deutsche Girozentrale Purchases New Position in Genworth Financial, Inc. (NYSE:GNW)

DekaBank Deutsche Girozentrale purchased a new stake in Genworth Financial, Inc. (NYSE:GNW) in the fourth quarter, HoldingsChannel reports. The fund purchased 97,203 shares of the financial services provider’s stock, valued at approximately $655,000.

Other institutional investors have also recently made changes to their positions in the company. State of Wyoming bought a new position in shares of Genworth Financial in the 2nd quarter valued at about $29,000. FNY Investment Advisers LLC purchased a new stake in Genworth Financial in the 3rd quarter worth about $58,000. Prelude Capital Management LLC purchased a new stake in Genworth Financial in the 2nd quarter worth about $35,000. Cipher Capital LP purchased a new stake in Genworth Financial in the 2nd quarter worth about $52,000. Finally, Private Advisor Group LLC purchased a new stake in Genworth Financial in the 1st quarter worth about $40,000. Institutional investors own 81.85% of the company’s stock.

Genworth Financial Stock Performance

Shares of GNW stock opened at $5.85 on Tuesday. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of -585,000.00 and a beta of 1.06. The company’s 50 day moving average is $6.21 and its 200 day moving average is $6.17. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.19. Genworth Financial, Inc. has a 52-week low of $4.51 and a 52-week high of $6.93.

Genworth Financial (NYSE:GNW) last issued its quarterly earnings data on Wednesday, February 21st. The financial services provider reported ($0.51) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.70). The business had revenue of $1.91 billion for the quarter. Genworth Financial had a net margin of 0.21% and a negative return on equity of 0.23%. During the same quarter last year, the firm posted $0.35 earnings per share.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods increased their price objective on shares of Genworth Financial from $6.50 to $7.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 10th.

Genworth Financial Company 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.