Magnus Financial Group LLC bought a new stake in shares of Genworth Financial Inc (NYSE:GNW) in the 2nd quarter, HoldingsChannel reports. The fund bought 20,747 shares of the financial services provider’s stock, valued at approximately $77,000.

Several other institutional investors have also made changes to their positions in GNW. Vilas Fund LP increased its stake in Genworth Financial by 210.0% in the 2nd quarter. Vilas Fund LP now owns 62,000 shares of the financial services provider’s stock worth $230,000 after purchasing an additional 42,000 shares during the period. Qube Research & Technologies Ltd purchased a new position in Genworth Financial in the 2nd quarter worth approximately $51,000. CWM LLC increased its stake in Genworth Financial by 825.0% in the 2nd quarter. CWM LLC now owns 9,250 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 8,250 shares during the period. Shah Capital Management increased its stake in Genworth Financial by 3.5% in the 2nd quarter. Shah Capital Management now owns 6,636,617 shares of the financial services provider’s stock worth $24,621,000 after purchasing an additional 226,700 shares during the period. Finally, Mount Vernon Associates Inc. MD increased its stake in Genworth Financial by 48.9% in the 2nd quarter. Mount Vernon Associates Inc. MD now owns 53,300 shares of the financial services provider’s stock worth $198,000 after purchasing an additional 17,500 shares during the period. 65.88% of the stock is owned by hedge funds and other institutional investors.

Genworth Financial stock traded up $0.02 during trading hours on Wednesday, reaching $4.40. The company had a trading volume of 11,584 shares, compared to its average volume of 3,446,922. 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 company has a 50-day moving average price of $3.96 and a 200 day moving average price of $3.83. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 12.22 and a beta of 1.72. Genworth Financial Inc has a 12-month low of $2.89 and a 12-month high of $5.02.

Genworth Financial (NYSE:GNW) last posted its earnings results on Tuesday, July 30th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.15. Genworth Financial had a return on equity of 1.21% and a net margin of 1.87%. The firm had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.12 billion. During the same period in the previous year, the firm earned $0.40 earnings per share. The business’s revenue was down .1% compared to the same quarter last year. As a group, research analysts expect that Genworth Financial Inc will post 1.12 earnings per share for the current year.

A number of equities analysts have commented on the company. BTIG Research reaffirmed a “hold” rating on shares of Genworth Financial in a research note on Tuesday, July 2nd. ValuEngine raised Genworth Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, August 13th.

Genworth Financial 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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