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.

Genworth Financial (NYSE:GNW) last issued its earnings results on Tuesday, February 5th. The financial services provider reported ($0.58) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.84). Genworth Financial had a return on equity of 1.23% and a net margin of 1.41%. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the prior year, the business earned $0.65 earnings per share. Genworth Financial’s revenue for the quarter was up 19.4% on a year-over-year basis. As a group, sell-side analysts forecast that Genworth Financial Inc will post 1.02 earnings per share for the current fiscal year.

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.

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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)?

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Institutional Ownership by Quarter for Genworth Financial (NYSE:GNW)

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