Qube Research & Technologies Ltd Takes Position in Genworth Financial Inc (NYSE:GNW)

Qube Research & Technologies Ltd purchased a new stake in Genworth Financial Inc (NYSE:GNW) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 13,846 shares of the financial services provider’s stock, valued at approximately $51,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CWM LLC raised its position in Genworth Financial by 825.0% during the second quarter. CWM LLC now owns 9,250 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 8,250 shares in the last quarter. Cleararc Capital Inc. acquired a new position in Genworth Financial during the first quarter valued at approximately $49,000. Heritage Wealth Advisors raised its position in Genworth Financial by 61.0% during the first quarter. Heritage Wealth Advisors now owns 13,201 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 5,000 shares in the last quarter. Park National Corp OH raised its position in Genworth Financial by 26.7% during the second quarter. Park National Corp OH now owns 19,000 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 4,000 shares in the last quarter. Finally, One68 Global Capital LLC acquired a new position in Genworth Financial during the first quarter valued at approximately $77,000. Institutional investors own 65.88% of the company’s stock.

GNW has been the subject of several research analyst reports. ValuEngine upgraded shares of Genworth Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, August 13th. BTIG Research restated a “hold” rating on shares of Genworth Financial in a research report on Tuesday, July 2nd.

Shares of GNW opened at $4.48 on Thursday. Genworth Financial Inc has a one year low of $2.89 and a one year high of $5.02. The company has a market cap of $2.26 billion, a P/E ratio of 12.43 and a beta of 1.72. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.26 and a quick ratio of 0.26. The firm has a 50 day simple moving average of $3.97 and a two-hundred day simple moving average of $3.82.

Genworth Financial (NYSE:GNW) last announced its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.25 by $0.15. Genworth Financial had a net margin of 1.87% and a return on equity of 1.21%. The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the previous year, the business earned $0.40 earnings per share. The company’s revenue was down .1% on a year-over-year basis. On average, analysts expect that Genworth Financial Inc will post 1.12 earnings per share for the current fiscal year.

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.

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

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