CIBC Asset Management Inc Has $302,000 Position in Genworth Financial, Inc. (NYSE:GNW)

CIBC Asset Management Inc grew its position in shares of Genworth Financial, Inc. (NYSE:GNW) by 4.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,219 shares of the financial services provider’s stock after purchasing an additional 2,003 shares during the quarter. CIBC Asset Management Inc’s holdings in Genworth Financial were worth $302,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in GNW. Hancock Whitney Corp raised its holdings in Genworth Financial by 1.0% in the 3rd quarter. Hancock Whitney Corp now owns 135,327 shares of the financial services provider’s stock valued at $927,000 after buying an additional 1,387 shares during the last quarter. GAMMA Investing LLC increased its position in Genworth Financial by 17.2% in the 4th quarter. GAMMA Investing LLC now owns 10,838 shares of the financial services provider’s stock valued at $76,000 after acquiring an additional 1,591 shares during the period. Savant Capital LLC raised its stake in shares of Genworth Financial by 11.9% during the fourth quarter. Savant Capital LLC now owns 17,155 shares of the financial services provider’s stock valued at $120,000 after acquiring an additional 1,830 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Genworth Financial by 11.8% during the third quarter. Covestor Ltd now owns 17,721 shares of the financial services provider’s stock worth $122,000 after purchasing an additional 1,868 shares during the period. Finally, Byrne Asset Management LLC grew its stake in shares of Genworth Financial by 148.9% in the fourth quarter. Byrne Asset Management LLC now owns 4,480 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 2,680 shares during the last quarter. 81.85% of the stock is currently owned by institutional investors.

Genworth Financial Price Performance

Genworth Financial stock opened at $6.58 on Tuesday. The stock’s 50 day moving average is $7.05 and its 200 day moving average is $7.04. Genworth Financial, Inc. has a one year low of $5.67 and a one year high of $7.90. The firm has a market cap of $2.81 billion, a P/E ratio of 9.67 and a beta of 1.00. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.29 and a quick ratio of 0.29.

Genworth Financial (NYSE:GNW) last issued its quarterly earnings results on Tuesday, February 18th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.14). Genworth Financial had a return on equity of 2.96% and a net margin of 4.10%. The firm had revenue of $1.82 billion during the quarter. During the same quarter in the prior year, the business earned ($0.51) EPS.

Analyst Ratings Changes

Separately, StockNews.com lowered Genworth Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th.

Genworth Financial Profile

Genworth Financial, Inc, together with its subsidiaries, provides mortgage and long-term care insurance products in the United States and internationally. It operates in three segments: Enact, Long-Term Care Insurance, and Life and Annuities. The Enact segment offers private mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans; and pool mortgage insurance products.