Louisiana State Employees Retirement System Takes $1.51 Million Position in Genworth Financial, Inc. (NYSE:GNW)

Louisiana State Employees Retirement System bought a new position in shares of Genworth Financial, Inc. (NYSE:GNW) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 225,700 shares of the financial services provider’s stock, valued at approximately $1,508,000.

Other institutional investors have also modified their holdings of the company. State of Wyoming acquired a new stake in Genworth Financial during the 2nd quarter valued at approximately $29,000. Prelude Capital Management LLC bought a new stake in shares of Genworth Financial in the second quarter worth $35,000. Nomura Holdings Inc. acquired a new stake in Genworth Financial in the second quarter valued at $39,000. Private Advisor Group LLC bought a new position in Genworth Financial during the 1st quarter valued at $40,000. Finally, Cipher Capital LP acquired a new position in Genworth Financial during the 2nd quarter worth $52,000. Institutional investors and hedge funds own 81.85% of the company’s stock.

Analyst Ratings Changes

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

Genworth Financial Price Performance

Shares of GNW opened at $5.99 on Friday. Genworth Financial, Inc. has a one year low of $4.51 and a one year high of $6.93. The stock’s fifty day moving average is $6.19 and its 200-day moving average is $6.17. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.30 and a current ratio of 0.30. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of -599,000.00 and a beta of 1.06.

Genworth Financial (NYSE:GNW) last released its earnings results on Wednesday, February 21st. The financial services provider reported ($0.51) EPS for the quarter, missing the consensus estimate of $0.19 by ($0.70). The company 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.

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.