Thompson Siegel & Walmsley LLC Has $2.85 Million Position in Genworth Financial Inc (GNW)

Thompson Siegel & Walmsley LLC lowered its stake in shares of Genworth Financial Inc (NYSE:GNW) by 84.9% during the second quarter, Holdings Channel reports. The fund owned 633,968 shares of the financial services provider’s stock after selling 3,561,263 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Genworth Financial were worth $2,852,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of GNW. JBF Capital Inc. acquired a new stake in Genworth Financial in the 1st quarter worth about $688,000. KBC Group NV acquired a new stake in Genworth Financial in the 1st quarter worth about $174,000. Cambria Investment Management L.P. acquired a new stake in Genworth Financial in the 2nd quarter worth about $338,000. Advisors Preferred LLC acquired a new stake in Genworth Financial in the 2nd quarter worth about $132,000. Finally, Swiss National Bank boosted its stake in Genworth Financial by 11.9% in the 1st quarter. Swiss National Bank now owns 972,486 shares of the financial services provider’s stock worth $2,752,000 after buying an additional 103,300 shares during the last quarter. 63.33% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have issued reports on GNW shares. Zacks Investment Research raised Genworth Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, July 3rd. ValuEngine lowered Genworth Financial from a “sell” rating to a “strong sell” rating in a research note on Monday, July 2nd. Wells Fargo & Co reissued a “hold” rating and issued a $5.00 price target (up from $3.00) on shares of Genworth Financial in a research note on Wednesday, June 6th. Finally, BTIG Research reissued a “hold” rating on shares of Genworth Financial in a research note on Tuesday, June 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $4.75.

Genworth Financial stock opened at $4.57 on Monday. The stock has a market capitalization of $2.29 billion, a PE ratio of 3.29 and a beta of 2.41. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.27. Genworth Financial Inc has a 12 month low of $2.66 and a 12 month high of $4.92.

Genworth Financial (NYSE:GNW) last released its quarterly earnings data on Tuesday, July 31st. The financial services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.13. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.15 billion. Genworth Financial had a return on equity of 4.85% and a net margin of 9.32%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period last year, the business posted $0.30 EPS. equities analysts forecast that Genworth Financial Inc will post 1.11 earnings per share for the current fiscal year.

About Genworth Financial

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.

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

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