Genworth Financial, Inc. $GNW Shares Purchased by Arbiter Partners Capital Management LLC

Arbiter Partners Capital Management LLC grew its position in Genworth Financial, Inc. (NYSE:GNW) by 40.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 487,400 shares of the financial services provider’s stock after buying an additional 141,000 shares during the quarter. Genworth Financial accounts for approximately 2.6% of Arbiter Partners Capital Management LLC’s holdings, making the stock its 7th biggest holding. Arbiter Partners Capital Management LLC owned 0.12% of Genworth Financial worth $4,338,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Algebris UK Ltd. purchased a new stake in shares of Genworth Financial in the third quarter valued at about $2,418,000. Jupiter Asset Management Ltd. purchased a new stake in Genworth Financial in the 3rd quarter valued at approximately $3,842,000. Public Sector Pension Investment Board grew its holdings in Genworth Financial by 13.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 1,600,906 shares of the financial services provider’s stock valued at $14,248,000 after buying an additional 187,954 shares during the last quarter. American Century Companies Inc. increased its position in Genworth Financial by 7.9% during the third quarter. American Century Companies Inc. now owns 9,567,534 shares of the financial services provider’s stock worth $85,151,000 after buying an additional 704,498 shares in the last quarter. Finally, Voya Investment Management LLC raised its holdings in shares of Genworth Financial by 30.5% in the third quarter. Voya Investment Management LLC now owns 817,996 shares of the financial services provider’s stock worth $7,280,000 after acquiring an additional 191,384 shares during the last quarter. 81.85% of the stock is currently owned by hedge funds and other institutional investors.

Genworth Financial Stock Up 1.3%

Shares of NYSE GNW opened at $8.56 on Thursday. The stock has a market capitalization of $3.32 billion, a PE ratio of 16.15 and a beta of 1.00. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.15. The firm has a fifty day moving average of $8.69 and a 200-day moving average of $8.69. Genworth Financial, Inc. has a 52-week low of $5.99 and a 52-week high of $9.28.

Genworth Financial (NYSE:GNW) last posted its quarterly earnings results on Monday, February 23rd. The financial services provider reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.14). The firm had revenue of $1.04 billion for the quarter. Genworth Financial had a net margin of 3.05% and a return on equity of 1.48%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on GNW. Weiss Ratings upgraded Genworth Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 19th. Wall Street Zen downgraded shares of Genworth Financial from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $10.00.

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.