Bank of Montreal Can Increases Stock Position in Genworth Financial, Inc. (NYSE:GNW)

Bank of Montreal Can lifted its holdings in shares of Genworth Financial, Inc. (NYSE:GNW) by 13.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,072 shares of the financial services provider’s stock after purchasing an additional 5,870 shares during the period. Bank of Montreal Can’s holdings in Genworth Financial were worth $357,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Prudential Financial Inc. boosted its position in shares of Genworth Financial by 70.2% in the fourth quarter. Prudential Financial Inc. now owns 5,567,978 shares of the financial services provider’s stock worth $38,920,000 after acquiring an additional 2,296,538 shares during the last quarter. Norges Bank purchased a new position in Genworth Financial during the fourth quarter worth approximately $15,034,000. Raymond James Financial Inc. acquired a new position in shares of Genworth Financial in the 4th quarter valued at $7,496,000. Donald Smith & CO. Inc. increased its holdings in shares of Genworth Financial by 3.7% during the 4th quarter. Donald Smith & CO. Inc. now owns 25,949,469 shares of the financial services provider’s stock worth $181,387,000 after buying an additional 934,175 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Genworth Financial by 37.2% in the 4th quarter. JPMorgan Chase & Co. now owns 2,671,573 shares of the financial services provider’s stock worth $18,674,000 after buying an additional 724,557 shares during the period. 81.85% of the stock is currently owned by institutional investors and hedge funds.

Genworth Financial Price Performance

GNW stock opened at $6.63 on Thursday. The company has a market cap of $2.76 billion, a PE ratio of 9.75 and a beta of 0.95. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average price of $6.75 and a two-hundred day moving average price of $7.03. Genworth Financial, Inc. has a 12-month low of $5.87 and a 12-month high of $7.90.

Genworth Financial (NYSE:GNW) last posted its earnings results on Tuesday, February 18th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.14). The business had revenue of $1.82 billion for the quarter. Genworth Financial had a return on equity of 2.96% and a net margin of 4.10%. During the same period in the previous year, the business posted ($0.51) earnings per share.

About Genworth Financial

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.