Maso Capital Partners Ltd raised its position in Genworth Financial Inc (NYSE:GNW) by 14.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 2,676,800 shares of the financial services provider’s stock after acquiring an additional 334,700 shares during the period. Genworth Financial makes up 7.0% of Maso Capital Partners Ltd’s investment portfolio, making the stock its 6th largest holding. Maso Capital Partners Ltd’s holdings in Genworth Financial were worth $10,252,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund lifted its stake in shares of Genworth Financial by 1.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 198,012 shares of the financial services provider’s stock valued at $923,000 after purchasing an additional 2,733 shares during the period. Park National Corp OH lifted its stake in shares of Genworth Financial by 25.0% in 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 during the period. United Services Automobile Association lifted its stake in shares of Genworth Financial by 3.1% in the fourth quarter. United Services Automobile Association now owns 110,652 shares of the financial services provider’s stock valued at $516,000 after purchasing an additional 3,311 shares during the period. Arizona State Retirement System lifted its stake in shares of Genworth Financial by 1.1% in the fourth quarter. Arizona State Retirement System now owns 359,412 shares of the financial services provider’s stock valued at $1,675,000 after purchasing an additional 3,904 shares during the period. Finally, Mason Street Advisors LLC lifted its stake in shares of Genworth Financial by 1.5% in the first quarter. Mason Street Advisors LLC now owns 266,288 shares of the financial services provider’s stock valued at $1,020,000 after purchasing an additional 3,990 shares during the period. Institutional investors own 65.83% of the company’s stock.
NYSE:GNW traded up $0.09 during mid-day trading on Thursday, hitting $3.12. 21,173 shares of the company’s stock traded hands, compared to its average volume of 2,917,317. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.27. Genworth Financial Inc has a 1 year low of $2.89 and a 1 year high of $5.02. The company has a market capitalization of $1.53 billion, a P/E ratio of 8.64 and a beta of 1.62.
Genworth Financial (NYSE:GNW) last posted its earnings results on Tuesday, April 30th. The financial services provider reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.02). Genworth Financial had a net margin of 2.12% and a return on equity of 1.20%. The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter last year, the business posted $0.25 earnings per share. The business’s revenue was up 4.2% compared to the same quarter last year. On average, equities research analysts predict that Genworth Financial Inc will post 0.98 earnings per share for the current year.
Several analysts recently commented on the stock. ValuEngine cut shares of Genworth Financial from a “sell” rating to a “strong sell” rating in a research note on Wednesday. Zacks Investment Research downgraded shares of Genworth Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th.
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About Genworth Financial
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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