Dupont Capital Management Corp bought a new position in shares of Genworth Financial Inc (NYSE:GNW) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 158,287 shares of the financial services provider’s stock, valued at approximately $738,000.
Other hedge funds have also made changes to their positions in the company. Founders Capital Management grew its holdings in shares of Genworth Financial by 4,000.0% during the fourth quarter. Founders Capital Management now owns 12,300 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 12,000 shares during the last quarter. Paulson Wealth Management Inc. bought a new stake in shares of Genworth Financial during the fourth quarter worth $62,000. Standard Life Aberdeen plc bought a new stake in shares of Genworth Financial during the third quarter worth $74,000. Gamco Investors INC. ET AL grew its holdings in shares of Genworth Financial by 29.2% during the fourth quarter. Gamco Investors INC. ET AL now owns 21,000 shares of the financial services provider’s stock worth $98,000 after purchasing an additional 4,750 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Genworth Financial by 23.5% during the fourth quarter. Bank of Montreal Can now owns 36,086 shares of the financial services provider’s stock worth $168,000 after purchasing an additional 6,863 shares during the last quarter. Institutional investors own 64.93% of the company’s stock.
Shares of GNW opened at $4.59 on Thursday. The company has a current ratio of 0.27, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. Genworth Financial Inc has a 12-month low of $2.66 and a 12-month high of $5.02. The firm has a market cap of $2.31 billion, a PE ratio of 12.75 and a beta of 1.60.
Several analysts have recently commented on the company. ValuEngine upgraded Genworth Financial from a “sell” rating to a “hold” rating in a report on Friday, February 8th. Zacks Investment Research upgraded Genworth Financial from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a report on Thursday, January 3rd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $5.13.
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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.
Further Reading: Closed-End Mutual Funds (CEFs)
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