Genworth Financial Inc (GNW) Stake Increased by BlackRock Inc.
BlackRock Inc. lifted its stake in shares of Genworth Financial Inc (NYSE:GNW) by 3.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 58,673,934 shares of the financial services provider’s stock after buying an additional 1,689,769 shares during the period. BlackRock Inc. owned 0.12% of Genworth Financial worth $273,420,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the company. Founders Capital Management lifted its holdings in shares of Genworth Financial by 4,000.0% in the 4th quarter. Founders Capital Management now owns 12,300 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 12,000 shares in the last quarter. Paulson Wealth Management Inc. bought a new position in shares of Genworth Financial in the 4th quarter worth $62,000. Standard Life Aberdeen plc bought a new position in shares of Genworth Financial in the 3rd quarter worth $74,000. Gamco Investors INC. ET AL lifted its holdings in shares of Genworth Financial by 29.2% in the 4th quarter. Gamco Investors INC. ET AL now owns 21,000 shares of the financial services provider’s stock worth $98,000 after purchasing an additional 4,750 shares in the last quarter. Finally, Piedmont Investment Advisors Inc. bought a new position in shares of Genworth Financial in the 4th quarter worth $103,000. 63.54% of the stock is owned by institutional investors.
Shares of GNW opened at $3.81 on Friday. Genworth Financial Inc has a 12-month low of $2.66 and a 12-month high of $5.02. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $1.95 billion, a P/E ratio of 10.58 and a beta of 1.51.
GNW has been the topic of a number of recent research reports. ValuEngine cut Genworth Financial from a “hold” rating to a “sell” rating in a report on Monday, February 25th. Zacks Investment Research cut Genworth Financial from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Genworth Financial has a consensus rating of “Hold” and a consensus target price of $5.13.
TRADEMARK VIOLATION NOTICE: This piece was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international trademark & copyright law. The original version of this piece can be accessed at https://www.thecerbatgem.com/2019/03/15/genworth-financial-inc-gnw-stake-increased-by-blackrock-inc.html.
Genworth Financial Company Profile
Genworth Financial, Inc provides insurance and homeownership solutions in the United States and internationally. It operates through five segments: U.S. Mortgage Insurance, Canada Mortgage Insurance, Australia Mortgage Insurance, U.S. Life Insurance, and Runoff. The U.S. Mortgage Insurance segment offers mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans.
Further Reading: What is a Leveraged Buyout (LBO)?
Want to see what other hedge funds are holding GNW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Genworth Financial Inc (NYSE:GNW).
Receive News & Ratings for Genworth Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genworth Financial and related companies with MarketBeat.com's FREE daily email newsletter.