Genworth Financial, Inc. (NYSE:GNW) Shares Purchased by Navellier & Associates Inc.

Navellier & Associates Inc. increased its stake in shares of Genworth Financial, Inc. (NYSE:GNW) by 11.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,472 shares of the financial services provider’s stock after acquiring an additional 2,785 shares during the period. Navellier & Associates Inc.’s holdings in Genworth Financial were worth $192,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Harbor Capital Advisors Inc. purchased a new position in Genworth Financial during the third quarter worth approximately $30,000. Byrne Asset Management LLC boosted its position in Genworth Financial by 148.9% during the fourth quarter. Byrne Asset Management LLC now owns 4,480 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 2,680 shares in the last quarter. LMR Partners LLP purchased a new position in Genworth Financial during the third quarter worth approximately $73,000. GAMMA Investing LLC boosted its position in Genworth Financial by 17.2% during the fourth quarter. GAMMA Investing LLC now owns 10,838 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 1,591 shares in the last quarter. Finally, Atlas Wealth LLC purchased a new position in Genworth Financial during the third quarter worth approximately $91,000. Hedge funds and other institutional investors own 81.85% of the company’s stock.

Analysts Set New Price Targets

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

Genworth Financial Stock Performance

NYSE GNW opened at $6.54 on Monday. The company has a market cap of $2.79 billion, a PE ratio of 9.61 and a beta of 1.00. The stock’s 50 day simple moving average is $7.07 and its 200-day simple moving average is $7.03. Genworth Financial, Inc. has a 1-year low of $5.67 and a 1-year high of $7.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.29 and a quick ratio of 0.29.

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

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.