Brookwood Investment Group LLC Takes Position in Genworth Financial, Inc. $GNW

Brookwood Investment Group LLC acquired a new stake in Genworth Financial, Inc. (NYSE:GNW) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 94,166 shares of the financial services provider’s stock, valued at approximately $850,000.

Several other institutional investors and hedge funds have also made changes to their positions in GNW. Invesco Ltd. boosted its holdings in shares of Genworth Financial by 41.0% in the second quarter. Invesco Ltd. now owns 4,291,220 shares of the financial services provider’s stock valued at $33,386,000 after acquiring an additional 1,248,374 shares in the last quarter. Hudson Bay Capital Management LP bought a new position in shares of Genworth Financial in the second quarter valued at approximately $5,616,000. American Century Companies Inc. boosted its holdings in shares of Genworth Financial by 7.9% in the third quarter. American Century Companies Inc. now owns 9,567,534 shares of the financial services provider’s stock valued at $85,151,000 after acquiring an additional 704,498 shares in the last quarter. Amundi boosted its holdings in shares of Genworth Financial by 722.3% in the third quarter. Amundi now owns 561,676 shares of the financial services provider’s stock valued at $4,960,000 after acquiring an additional 493,367 shares in the last quarter. Finally, WINTON GROUP Ltd boosted its holdings in shares of Genworth Financial by 203.9% in the third quarter. WINTON GROUP Ltd now owns 706,644 shares of the financial services provider’s stock valued at $6,289,000 after acquiring an additional 474,094 shares in the last quarter. 81.85% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on GNW. Keefe, Bruyette & Woods reiterated a “moderate buy” rating and issued a $10.50 price objective on shares of Genworth Financial in a report on Thursday, March 26th. Weiss Ratings cut shares of Genworth Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, March 5th. Finally, Wall Street Zen cut shares of Genworth Financial from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Genworth Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.50.

Genworth Financial Trading Up 0.4%

Shares of NYSE:GNW opened at $8.77 on Friday. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 16.54 and a beta of 1.00. Genworth Financial, Inc. has a 1-year low of $6.29 and a 1-year high of $9.28. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.29 and a current ratio of 0.29. The company has a 50 day moving average price of $8.48 and a 200 day moving average price of $8.62.

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

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.