Dupont Capital Management Corp Invests $738,000 in Genworth Financial Inc (GNW)

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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.

Genworth Financial (NYSE:GNW) last issued its quarterly earnings results on Tuesday, February 5th. The financial services provider reported ($0.58) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.84). Genworth Financial had a net margin of 1.41% and a return on equity of 1.23%. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same period last year, the company earned $0.65 EPS. The company’s revenue was up 19.4% compared to the same quarter last year. Research analysts anticipate that Genworth Financial Inc will post 1.02 EPS for the current fiscal year.

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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Institutional Ownership by Quarter for Genworth Financial (NYSE:GNW)

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