Gator Capital Management LLC Makes New Investment in Genworth Financial, Inc. (NYSE:GNW)

Gator Capital Management LLC acquired a new stake in Genworth Financial, Inc. (NYSE:GNW) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 65,675 shares of the financial services provider’s stock, valued at approximately $459,000.

Several other large investors have also made changes to their positions in the business. Donald Smith & CO. Inc. increased its holdings in Genworth Financial by 3.7% in the 4th quarter. Donald Smith & CO. Inc. now owns 25,949,469 shares of the financial services provider’s stock worth $181,387,000 after acquiring an additional 934,175 shares in the last quarter. American Century Companies Inc. grew its position in shares of Genworth Financial by 8.8% in the fourth quarter. American Century Companies Inc. now owns 7,220,342 shares of the financial services provider’s stock valued at $50,470,000 after purchasing an additional 582,147 shares during the period. FMR LLC increased its stake in shares of 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 purchasing an additional 894,053 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Genworth Financial by 70.2% during the 4th quarter. Prudential Financial Inc. now owns 5,567,978 shares of the financial services provider’s stock worth $38,920,000 after purchasing an additional 2,296,538 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Genworth Financial by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,195,012 shares of the financial services provider’s stock worth $36,313,000 after buying an additional 99,120 shares during the last quarter. 81.85% of the stock is owned by institutional investors and hedge funds.

Genworth Financial Price Performance

Shares of Genworth Financial stock opened at $6.49 on Friday. The stock has a market capitalization of $2.72 billion, a P/E ratio of 9.54 and a beta of 1.02. The business has a 50 day simple moving average of $6.99 and a two-hundred day simple moving average of $7.06. Genworth Financial, Inc. has a 12 month low of $5.67 and a 12 month 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 during the quarter. Genworth Financial had a net margin of 4.10% and a return on equity of 2.96%. During the same period in the prior year, the company posted ($0.51) earnings per share.

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.