Genworth Financial, Inc. (NYSE:GNW) is Donald Smith & CO. Inc.’s 2nd Largest Position

Donald Smith & CO. Inc. increased its position in shares of Genworth Financial, Inc. (NYSE:GNW) by 3.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 25,949,469 shares of the financial services provider’s stock after purchasing an additional 934,175 shares during the period. Genworth Financial makes up about 4.3% of Donald Smith & CO. Inc.’s portfolio, making the stock its 2nd biggest position. Donald Smith & CO. Inc. owned approximately 0.06% of Genworth Financial worth $181,387,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in Genworth Financial by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,095,892 shares of the financial services provider’s stock valued at $34,907,000 after purchasing an additional 92,849 shares during the period. FMR LLC lifted its holdings in Genworth Financial by 18.7% during the third quarter. FMR LLC now owns 5,675,896 shares of the financial services provider’s stock worth $38,880,000 after buying an additional 894,053 shares during the period. BNP Paribas Financial Markets boosted its position in Genworth Financial by 89.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 199,290 shares of the financial services provider’s stock valued at $1,365,000 after acquiring an additional 94,130 shares in the last quarter. Paloma Partners Management Co increased its holdings in shares of Genworth Financial by 63.7% in the 3rd quarter. Paloma Partners Management Co now owns 63,853 shares of the financial services provider’s stock valued at $437,000 after acquiring an additional 24,842 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of Genworth Financial by 19.1% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,171,821 shares of the financial services provider’s stock worth $14,877,000 after acquiring an additional 348,627 shares in the last quarter. 81.85% of the stock is currently owned by institutional investors.

Genworth Financial Price Performance

Shares of GNW stock opened at $7.37 on Thursday. The company has a market cap of $3.09 billion, a P/E ratio of 10.84 and a beta of 1.02. The stock’s 50-day moving average is $7.00 and its 200 day moving average is $7.06. Genworth Financial, Inc. has a 1-year low of $5.67 and a 1-year high of $7.90. 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 posted its quarterly earnings data 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 previous year, the business posted ($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.