Algebris UK Ltd. Acquires Shares of 271,928 Genworth Financial, Inc. $GNW

Algebris UK Ltd. purchased a new position in Genworth Financial, Inc. (NYSE:GNW) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 271,928 shares of the financial services provider’s stock, valued at approximately $2,418,000. Algebris UK Ltd. owned about 0.07% of Genworth Financial at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC boosted its stake in Genworth Financial by 1,731.8% during the 3rd quarter. Salomon & Ludwin LLC now owns 3,279 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 3,100 shares during the period. Headlands Technologies LLC acquired a new position in shares of Genworth Financial in the 2nd quarter worth approximately $44,000. EverSource Wealth Advisors LLC increased its holdings in shares of Genworth Financial by 140.3% in the second quarter. EverSource Wealth Advisors LLC now owns 8,063 shares of the financial services provider’s stock valued at $63,000 after buying an additional 4,708 shares in the last quarter. Seven Mile Advisory acquired a new stake in shares of Genworth Financial during the second quarter worth $78,000. Finally, Strs Ohio acquired a new stake in Genworth Financial during the 1st quarter worth about $82,000. 81.85% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on GNW. Weiss Ratings cut shares of Genworth Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 20th. Wall Street Zen upgraded shares of Genworth Financial from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, Keefe, Bruyette & Woods raised their price objective on Genworth Financial from $9.50 to $10.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Genworth Financial currently has a consensus rating of “Moderate Buy” and an average target price of $10.00.

Genworth Financial Trading Down 1.6%

Shares of NYSE:GNW opened at $8.14 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.29 and a quick ratio of 0.29. Genworth Financial, Inc. has a 1 year low of $5.99 and a 1 year high of $9.28. The company has a market capitalization of $3.25 billion, a P/E ratio of 15.35 and a beta of 1.06. The business’s 50 day simple moving average is $8.76 and its 200 day simple moving average is $8.53.

Genworth Financial (NYSE:GNW) last issued its earnings results on Wednesday, November 5th. The financial services provider reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Genworth Financial had a net margin of 3.01% and a return on equity of 1.56%. The business had revenue of $1.04 billion during the quarter.

Genworth Financial Company Profile

Genworth Financial (NYSE: GNW) is a leading financial security company offering a broad range of insurance products. Based in Richmond, Virginia, Genworth provides individuals and families with solutions designed to protect against long-term care expenses, secure life insurance needs and support homeownership through private mortgage insurance. With operations spanning the United States, Canada and Australia, the company serves both retail and institutional clients through a diversified portfolio of risk management services.

The company’s Private Mortgage Insurance (PMI) segment offers coverage to lenders and consumers in the US, Canada and Australia, enabling homebuyers to purchase properties with lower down payments.