Mackenzie Financial Corp Has $629,000 Stock Holdings in Genworth Financial, Inc. (NYSE:GNW)

Mackenzie Financial Corp lifted its stake in Genworth Financial, Inc. (NYSE:GNW) by 4.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 104,156 shares of the financial services provider’s stock after acquiring an additional 4,320 shares during the quarter. Mackenzie Financial Corp’s holdings in Genworth Financial were worth $629,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Headlands Technologies LLC bought a new stake in Genworth Financial during the first quarter worth $25,000. SageView Advisory Group LLC bought a new stake in shares of Genworth Financial in the 1st quarter valued at about $30,000. EverSource Wealth Advisors LLC lifted its stake in Genworth Financial by 72.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,828 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 2,022 shares during the last quarter. Empowered Funds LLC bought a new position in Genworth Financial during the first quarter worth about $67,000. Finally, Heritage Wealth Advisors acquired a new position in Genworth Financial during the first quarter worth approximately $74,000. Institutional investors own 81.85% of the company’s stock.

Genworth Financial Price Performance

Shares of GNW opened at $6.89 on Friday. The company’s 50-day moving average is $6.70 and its 200-day moving average is $6.41. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a market capitalization of $3.02 billion, a PE ratio of 36.26 and a beta of 0.94. Genworth Financial, Inc. has a fifty-two week low of $5.32 and a fifty-two week high of $7.01.

Genworth Financial (NYSE:GNW) last released its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.09. Genworth Financial had a net margin of 0.43% and a return on equity of 0.25%. The firm had revenue of $1.77 billion for the quarter. During the same period in the prior year, the company earned $0.29 earnings per share.

Analyst Ratings Changes

Separately, StockNews.com downgraded Genworth Financial from a “buy” rating to a “hold” rating in a research note on Friday, September 6th.

Insider Buying and Selling

In other Genworth Financial news, CEO Thomas J. Mcinerney sold 150,000 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $6.88, for a total value of $1,032,000.00. Following the transaction, the chief executive officer now directly owns 4,532,954 shares of the company’s stock, valued at $31,186,723.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.80% of the stock is currently owned by insiders.

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.