GAMMA Investing LLC Has $64,000 Stock Holdings in Genworth Financial, Inc. (NYSE:GNW)

GAMMA Investing LLC reduced its stake in shares of Genworth Financial, Inc. (NYSE:GNW) by 16.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,091 shares of the financial services provider’s stock after selling 1,747 shares during the quarter. GAMMA Investing LLC’s holdings in Genworth Financial were worth $64,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Xponance Inc. lifted its holdings in Genworth Financial by 9.5% during the 4th quarter. Xponance Inc. now owns 31,032 shares of the financial services provider’s stock worth $217,000 after buying an additional 2,693 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Genworth Financial by 26.1% in the fourth quarter. Wells Fargo & Company MN now owns 266,198 shares of the financial services provider’s stock valued at $1,861,000 after buying an additional 55,078 shares during the period. Deutsche Bank AG boosted its stake in Genworth Financial by 34.1% during the 4th quarter. Deutsche Bank AG now owns 430,853 shares of the financial services provider’s stock worth $3,012,000 after acquiring an additional 109,570 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Genworth Financial by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,195,012 shares of the financial services provider’s stock valued at $36,313,000 after buying an additional 99,120 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Genworth Financial in the 4th quarter valued at approximately $3,907,000. 81.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods raised Genworth Financial from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $8.50 to $9.00 in a research report on Wednesday, June 18th. Wall Street Zen downgraded shares of Genworth Financial from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd.

Genworth Financial Trading Down 0.1%

Shares of Genworth Financial stock opened at $7.82 on Wednesday. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 15.64 and a beta of 1.06. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.29 and a quick ratio of 0.29. The business has a fifty day simple moving average of $7.21 and a two-hundred day simple moving average of $7.00. Genworth Financial, Inc. has a 1 year low of $5.95 and a 1 year high of $8.08.

Genworth Financial (NYSE:GNW) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.12 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.09). The business had revenue of $1.76 billion during the quarter. Genworth Financial had a net margin of 2.97% and a return on equity of 2.53%.

Genworth Financial 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.