Intech Investment Management LLC Buys 269,851 Shares of Genworth Financial, Inc. (NYSE:GNW)

Intech Investment Management LLC grew its holdings in Genworth Financial, Inc. (NYSE:GNW) by 211.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 397,733 shares of the financial services provider’s stock after purchasing an additional 269,851 shares during the period. Intech Investment Management LLC’s holdings in Genworth Financial were worth $2,780,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Cibc World Markets Corp bought a new stake in shares of Genworth Financial in the 4th quarter worth $282,000. Thompson Siegel & Walmsley LLC boosted its stake in shares of Genworth Financial by 7.9% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 123,320 shares of the financial services provider’s stock worth $862,000 after buying an additional 8,981 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Genworth Financial by 85.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 799,542 shares of the financial services provider’s stock worth $5,589,000 after buying an additional 368,413 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of Genworth Financial by 14.0% in the 4th quarter. HighTower Advisors LLC now owns 17,590 shares of the financial services provider’s stock worth $123,000 after buying an additional 2,154 shares during the last quarter. Finally, Wealthfront Advisers LLC purchased a new position in Genworth Financial during the fourth quarter valued at $156,000. Institutional investors own 81.85% of the company’s stock.

Wall Street Analyst Weigh In

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

Genworth Financial Price Performance

NYSE GNW opened at $6.91 on Thursday. The company has a market capitalization of $2.89 billion, a PE ratio of 10.15 and a beta of 1.02. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.29 and a current ratio of 0.29. The business’s fifty day moving average is $6.94 and its 200 day moving average is $7.03. Genworth Financial, Inc. has a fifty-two week low of $5.67 and a fifty-two week high of $7.90.

Genworth Financial (NYSE:GNW) last announced its quarterly earnings data 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). Genworth Financial had a net margin of 4.10% and a return on equity of 2.96%. The business had revenue of $1.82 billion during the quarter. During the same quarter last year, the firm earned ($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.