Dimensional Fund Advisors LP Has $235.79 Million Stock Holdings in Genworth Financial, Inc. $GNW

Dimensional Fund Advisors LP lifted its holdings in Genworth Financial, Inc. (NYSE:GNW) by 1.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,493,475 shares of the financial services provider’s stock after buying an additional 270,062 shares during the quarter. Dimensional Fund Advisors LP owned about 0.07% of Genworth Financial worth $235,793,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GNW. Salomon & Ludwin LLC raised its stake in shares of Genworth Financial by 1,731.8% in the third quarter. Salomon & Ludwin LLC now owns 3,279 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 3,100 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of Genworth Financial by 60.6% during the third quarter. Bessemer Group Inc. now owns 3,830 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 1,445 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Genworth Financial during the second quarter valued at approximately $44,000. EverSource Wealth Advisors LLC increased its holdings in shares of Genworth Financial by 140.3% in the second quarter. EverSource Wealth Advisors LLC now owns 8,063 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 4,708 shares in the last quarter. Finally, Seven Mile Advisory acquired a new stake in shares of Genworth Financial in the second quarter valued at approximately $78,000. Institutional investors and hedge funds own 81.85% of the company’s stock.

Genworth Financial Stock Down 0.8%

Shares of NYSE GNW opened at $8.45 on Friday. Genworth Financial, Inc. has a 1 year low of $5.99 and a 1 year high of $9.28. The firm’s 50-day moving average is $8.66 and its 200-day moving average is $8.69. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $3.28 billion, a PE ratio of 15.94 and a beta of 1.00.

Genworth Financial (NYSE:GNW) last posted its quarterly earnings results on Monday, February 23rd. The financial services provider reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.14). Genworth Financial had a return on equity of 1.48% and a net margin of 3.05%.The business had revenue of $1.04 billion for the quarter.

Analyst Ratings Changes

Several research firms have issued reports on GNW. Weiss Ratings downgraded Genworth Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday. Wall Street Zen cut Genworth Financial from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Genworth Financial presently has a consensus rating of “Moderate Buy” and an average price target of $10.00.

Genworth Financial Profile

Genworth Financial (NYSE: GNW) is a leading financial security company offering a broad range of insurance products. Based in Richmond, Virginia, Genworth provides individuals and families with solutions designed to protect against long-term care expenses, secure life insurance needs and support homeownership through private mortgage insurance. With operations spanning the United States, Canada and Australia, the company serves both retail and institutional clients through a diversified portfolio of risk management services.

The company’s Private Mortgage Insurance (PMI) segment offers coverage to lenders and consumers in the US, Canada and Australia, enabling homebuyers to purchase properties with lower down payments.