Marshall Wace North America L.P. Has $244,000 Stake in Genworth Financial Inc (NYSE:GNW)

Marshall Wace North America L.P. boosted its holdings in Genworth Financial Inc (NYSE:GNW) by 40.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,779 shares of the financial services provider’s stock after purchasing an additional 18,442 shares during the quarter. Marshall Wace North America L.P.’s holdings in Genworth Financial were worth $244,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Coldstream Capital Management Inc. bought a new stake in shares of Genworth Financial during the fourth quarter valued at about $50,000. Heritage Wealth Advisors raised its stake in shares of Genworth Financial by 61.0% during the first quarter. Heritage Wealth Advisors now owns 13,201 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 5,000 shares in the last quarter. Park National Corp OH raised its stake in shares of Genworth Financial by 25.0% during the first quarter. Park National Corp OH now owns 15,000 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 3,000 shares in the last quarter. Stifel Financial Corp bought a new stake in shares of Genworth Financial during the fourth quarter valued at about $92,000. Finally, One68 Global Capital LLC bought a new stake in shares of Genworth Financial during the first quarter valued at about $77,000. 65.85% of the stock is owned by institutional investors.

NYSE GNW traded up $0.07 on Friday, hitting $3.76. 2,762,074 shares of the company were exchanged, compared to its average volume of 3,552,133. The company’s 50 day moving average price is $3.50. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.27. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 10.44 and a beta of 1.78. Genworth Financial Inc has a twelve month low of $2.89 and a twelve month high of $5.02.

Genworth Financial (NYSE:GNW) last posted its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.02). The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.13 billion. Genworth Financial had a return on equity of 1.20% and a net margin of 2.12%. Genworth Financial’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.25 EPS. Equities research analysts expect that Genworth Financial Inc will post 0.97 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on GNW shares. Zacks Investment Research cut shares of GasLog Partners LP Unit from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 2nd. BTIG Research reiterated a “hold” rating on shares of Genworth Financial in a research report on Tuesday, July 2nd. Finally, ValuEngine upgraded shares of XCel Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th.

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.

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

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