Wealthfront Advisers LLC Buys Shares of 22,332 Genworth Financial, Inc. (NYSE:GNW)

Wealthfront Advisers LLC bought a new stake in shares of Genworth Financial, Inc. (NYSE:GNW) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 22,332 shares of the financial services provider’s stock, valued at approximately $156,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Genworth Financial by 15.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 127,621 shares of the financial services provider’s stock valued at $892,000 after purchasing an additional 16,937 shares during the last quarter. AlphaQuest LLC bought a new stake in Genworth Financial during the fourth quarter valued at $2,877,000. Amundi increased its stake in Genworth Financial by 183.1% during the fourth quarter. Amundi now owns 215,289 shares of the financial services provider’s stock valued at $1,466,000 after purchasing an additional 139,231 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Genworth Financial during the fourth quarter valued at $7,496,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Genworth Financial by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,195,012 shares of the financial services provider’s stock worth $36,313,000 after acquiring an additional 99,120 shares during the last quarter. Institutional investors own 81.85% of the company’s stock.

Analyst Upgrades and Downgrades

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

Genworth Financial Stock Up 2.6 %

Genworth Financial stock opened at $6.81 on Tuesday. The company has a 50-day simple moving average of $6.94 and a 200-day simple moving average of $7.03. The firm has a market capitalization of $2.85 billion, a P/E ratio of 10.01 and a beta of 1.02. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.29 and a current ratio of 0.29. Genworth Financial, Inc. has a one year low of $5.67 and a one year high of $7.90.

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

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.