Genworth Financial, Inc. (NYSE:GNW) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. raised its stake in Genworth Financial, Inc. (NYSE:GNW) by 1.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,071,155 shares of the financial services provider’s stock after purchasing an additional 34,548 shares during the period. Principal Financial Group Inc. owned about 0.49% of Genworth Financial worth $14,477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Verition Fund Management LLC raised its position in Genworth Financial by 900.7% in the 3rd quarter. Verition Fund Management LLC now owns 970,185 shares of the financial services provider’s stock valued at $6,646,000 after purchasing an additional 873,237 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Genworth Financial by 30.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,947,016 shares of the financial services provider’s stock worth $13,337,000 after acquiring an additional 450,329 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of Genworth Financial by 19.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,171,821 shares of the financial services provider’s stock worth $14,877,000 after acquiring an additional 348,627 shares in the last quarter. Barclays PLC raised its position in shares of Genworth Financial by 291.2% during the 3rd quarter. Barclays PLC now owns 744,853 shares of the financial services provider’s stock worth $5,103,000 after acquiring an additional 554,462 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Genworth Financial by 155.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 431,129 shares of the financial services provider’s stock worth $2,953,000 after acquiring an additional 262,027 shares in the last quarter. Institutional investors and hedge funds own 81.85% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Genworth Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th.

Genworth Financial Price Performance

Shares of NYSE GNW opened at $6.72 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.29 and a current ratio of 0.29. Genworth Financial, Inc. has a fifty-two week low of $5.67 and a fifty-two week high of $7.90. The firm has a market capitalization of $2.87 billion, a PE ratio of 9.88 and a beta of 1.00. The stock’s 50-day simple moving average is $7.04 and its 200-day simple moving average is $7.04.

Genworth Financial (NYSE:GNW) last released its quarterly earnings results on Tuesday, February 18th. The financial services provider reported $0.04 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.14). The firm had revenue of $1.82 billion for the quarter. Genworth Financial had a return on equity of 2.96% and a net margin of 4.10%. During the same quarter last year, the business posted ($0.51) earnings per share.

Genworth Financial Company Profile

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.