Mercer Global Advisors Inc. ADV Takes $86,000 Position in Genworth Financial, Inc. (NYSE:GNW)

Mercer Global Advisors Inc. ADV purchased a new stake in shares of Genworth Financial, Inc. (NYSE:GNW) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 12,305 shares of the financial services provider’s stock, valued at approximately $86,000.

Several other institutional investors have also recently made changes to their positions in GNW. Prudential Financial Inc. raised its position in shares of Genworth Financial by 70.2% during the 4th quarter. Prudential Financial Inc. now owns 5,567,978 shares of the financial services provider’s stock valued at $38,920,000 after buying an additional 2,296,538 shares during the period. Norges Bank purchased a new stake in shares of Genworth Financial during the 4th quarter valued at approximately $15,034,000. Raymond James Financial Inc. purchased a new stake in shares of Genworth Financial during the 4th quarter valued at approximately $7,496,000. Donald Smith & CO. Inc. raised its position 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 valued at $181,387,000 after buying an additional 934,175 shares during the period. Finally, Northern Trust Corp increased its holdings in Genworth Financial by 18.1% in the 4th quarter. Northern Trust Corp now owns 6,025,178 shares of the financial services provider’s stock valued at $42,116,000 after purchasing an additional 922,126 shares during the last quarter. Hedge funds and other institutional investors own 81.85% of the company’s stock.

Genworth Financial Stock Performance

Shares of GNW stock opened at $7.23 on Friday. 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 firm has a fifty day moving average price of $6.82 and a 200 day moving average price of $7.02. The company has a market cap of $3.00 billion, a P/E ratio of 10.64 and a beta of 0.99. Genworth Financial, Inc. has a 12 month low of $5.87 and a 12 month high of $7.90.

Genworth Financial (NYSE:GNW) last announced its earnings results on Wednesday, April 30th. The financial services provider reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.09). Genworth Financial had a net margin of 4.10% and a return on equity of 2.96%. The business had revenue of $1.76 billion during the quarter.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods lifted their target price on shares of Genworth Financial from $8.00 to $8.50 and gave the company a “market perform” rating in a report on Tuesday, May 13th.

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.