Capital Performance Advisors LLP Makes New Investment in Genworth Financial, Inc. (NYSE:GNW)

Capital Performance Advisors LLP acquired a new position in shares of Genworth Financial, Inc. (NYSE:GNW) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 50,054 shares of the financial services provider’s stock, valued at approximately $334,000.

A number of other large investors have also made changes to their positions in GNW. Daiwa Securities Group Inc. bought a new stake in Genworth Financial in the 4th quarter valued at $33,000. GAMMA Investing LLC acquired a new stake in shares of Genworth Financial during the 4th quarter worth about $56,000. Pathway Financial Advisors LLC bought a new position in Genworth Financial during the 4th quarter valued at about $71,000. Versor Investments LP acquired a new position in Genworth Financial in the third quarter valued at about $71,000. Finally, Strs Ohio increased its holdings in shares of Genworth Financial by 259.5% during the third quarter. Strs Ohio now owns 15,100 shares of the financial services provider’s stock worth $88,000 after buying an additional 10,900 shares in the last quarter. Institutional investors and hedge funds own 81.85% of the company’s stock.

Genworth Financial Trading Up 2.7 %

GNW stock traded up $0.17 during trading on Monday, hitting $6.67. The company had a trading volume of 2,559,195 shares, compared to its average volume of 2,811,002. The company has a quick ratio of 0.30, a current ratio of 0.29 and a debt-to-equity ratio of 0.18. Genworth Financial, Inc. has a 12 month low of $4.83 and a 12 month high of $6.93. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of 35.08 and a beta of 1.08. The firm has a 50-day moving average price of $6.20 and a 200-day moving average price of $6.19.

Genworth Financial (NYSE:GNW) last announced its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $0.19 EPS for the quarter. The firm had revenue of $1.86 billion during the quarter. Genworth Financial had a negative return on equity of 0.21% and a net margin of 1.24%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods boosted their price objective on Genworth Financial from $6.50 to $7.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 10th.

About Genworth Financial

Genworth Financial, Inc, together with its subsidiaries, provides mortgage and long-term care insurance products in the United States and internationally. It operates in three segments: Enact, Long-Term Care Insurance, and Life and Annuities. The Enact segment offers private mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans; and pool mortgage insurance products.