New York State Common Retirement Fund Buys 94,252 Shares of Genworth Financial, Inc. (NYSE:GNW)

New York State Common Retirement Fund boosted its stake in Genworth Financial, Inc. (NYSE:GNW) by 32.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 382,208 shares of the financial services provider’s stock after purchasing an additional 94,252 shares during the quarter. New York State Common Retirement Fund owned about 0.08% of Genworth Financial worth $2,553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of GNW. Illinois Municipal Retirement Fund bought a new stake in shares of Genworth Financial during the 3rd quarter worth $1,666,000. AQR Capital Management LLC raised its position in Genworth Financial by 14.2% during the third quarter. AQR Capital Management LLC now owns 1,752,247 shares of the financial services provider’s stock valued at $10,268,000 after purchasing an additional 217,556 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in Genworth Financial during the fourth quarter worth about $22,482,000. Invesco Ltd. boosted its holdings in shares of Genworth Financial by 7.2% in the 3rd quarter. Invesco Ltd. now owns 5,234,864 shares of the financial services provider’s stock worth $30,676,000 after purchasing an additional 350,729 shares in the last quarter. Finally, Daiwa Securities Group Inc. purchased a new position in shares of Genworth Financial in the 4th quarter worth about $33,000. 81.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods boosted their target price on Genworth Financial from $6.50 to $7.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 10th.

Genworth Financial Price Performance

GNW stock opened at $6.62 on Wednesday. The firm has a market cap of $2.91 billion, a P/E ratio of 34.82 and a beta of 1.08. The firm’s fifty day moving average is $6.21 and its 200 day moving average is $6.19. Genworth Financial, Inc. has a 52 week low of $4.83 and a 52 week high of $6.93. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.30 and a current ratio of 0.29.

Genworth Financial (NYSE:GNW) last announced its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $0.19 earnings per share (EPS) for the quarter. Genworth Financial had a negative return on equity of 0.21% and a net margin of 1.24%. The firm had revenue of $1.86 billion for the quarter.

About Genworth Financial

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.