Shell Asset Management Co. bought a new position in Genworth Financial Inc (NYSE:GNW) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 69,779 shares of the financial services provider’s stock, valued at approximately $914,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. OMERS ADMINISTRATION Corp increased its holdings in Genworth Financial by 1.6% in the 2nd quarter. OMERS ADMINISTRATION Corp now owns 2,890,200 shares of the financial services provider’s stock worth $10,896,000 after purchasing an additional 45,500 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in Genworth Financial by 17.8% in the 1st quarter. Oppenheimer & Co. Inc. now owns 62,726 shares of the financial services provider’s stock worth $258,000 after purchasing an additional 9,495 shares in the last quarter. Geode Capital Management LLC increased its holdings in Genworth Financial by 8.6% in the 1st quarter. Geode Capital Management LLC now owns 3,909,751 shares of the financial services provider’s stock worth $16,108,000 after purchasing an additional 309,296 shares in the last quarter. Gotham Asset Management LLC increased its holdings in Genworth Financial by 37.0% in the 1st quarter. Gotham Asset Management LLC now owns 86,934 shares of the financial services provider’s stock worth $358,000 after purchasing an additional 23,470 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Genworth Financial by 2.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,407,648 shares of the financial services provider’s stock worth $5,306,000 after purchasing an additional 33,482 shares in the last quarter. 67.62% of the stock is owned by institutional investors and hedge funds.

WARNING: “Shell Asset Management Co. Buys New Holdings in Genworth Financial Inc (GNW)” was originally published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this report on another website, it was illegally copied and republished in violation of U.S. and international copyright law. The original version of this report can be accessed at https://theolympiareport.com/2017/11/01/shell-asset-management-co-buys-new-holdings-in-genworth-financial-inc-gnw.html.

Shares of Genworth Financial Inc (NYSE:GNW) opened at 3.31 on Wednesday. The firm’s market cap is $1.65 billion. The stock has a 50 day moving average price of $3.74 and a 200 day moving average price of $3.65. Genworth Financial Inc has a 52 week low of $3.12 and a 52 week high of $4.46.

Genworth Financial (NYSE:GNW) last released its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.08. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.14 billion. Genworth Financial had a negative return on equity of 1.63% and a negative net margin of 1.66%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.39 earnings per share. Equities analysts expect that Genworth Financial Inc will post $1.06 earnings per share for the current year.

Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $4.00 price target on shares of Genworth Financial in a research note on Tuesday, October 3rd. Zacks Investment Research cut Genworth Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. ValuEngine raised Genworth Financial from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Wells Fargo & Company reissued a “hold” rating on shares of Genworth Financial in a research note on Monday, October 2nd. Finally, BTIG Research reissued a “neutral” rating on shares of Genworth Financial in a research note on Saturday, September 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $4.03.

Genworth Financial Company Profile

Genworth Financial, Inc (Genworth) is a financial security company. The Company provides insurance, wealth management, investment and financial solutions. As of December 31, 2011, the Company had more than 15 million customers, with a presence in more than 25 countries. The Company operates in Insurance, Mortgage Insurance and Corporate and Runoff.

Want to see what other hedge funds are holding GNW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Genworth Financial Inc (NYSE:GNW).

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

Receive News & Ratings for Genworth Financial Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genworth Financial Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.