Genworth Financial, Inc. (NYSE:GNW) Stock Holdings Increased by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC raised its stake in Genworth Financial, Inc. (NYSE:GNW) by 279.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,494 shares of the financial services provider’s stock after acquiring an additional 7,729 shares during the period. Smartleaf Asset Management LLC’s holdings in Genworth Financial were worth $73,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Factorial Partners LLC increased its position in shares of Genworth Financial by 0.3% during the 4th quarter. Factorial Partners LLC now owns 622,000 shares of the financial services provider’s stock valued at $4,348,000 after purchasing an additional 2,000 shares during the period. Oppenheimer & Co. Inc. raised its holdings in shares of Genworth Financial by 12.7% during the 4th quarter. Oppenheimer & Co. Inc. now owns 44,300 shares of the financial services provider’s stock valued at $310,000 after purchasing an additional 5,000 shares in the last quarter. Navellier & Associates Inc. grew its holdings in Genworth Financial by 11.3% during the fourth quarter. Navellier & Associates Inc. now owns 27,472 shares of the financial services provider’s stock valued at $192,000 after purchasing an additional 2,785 shares during the last quarter. Ieq Capital LLC acquired a new position in Genworth Financial in the 4th quarter valued at $142,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Genworth Financial in the fourth quarter worth $122,000. Institutional investors and hedge funds own 81.85% of the company’s stock.

Genworth Financial Stock Performance

Genworth Financial stock opened at $6.66 on Monday. The firm has a market capitalization of $2.79 billion, a P/E ratio of 9.79 and a beta of 1.02. The stock has a fifty day moving average price of $6.99 and a two-hundred day moving average price of $7.05. 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, Inc. has a 52-week low of $5.67 and a 52-week high of $7.90.

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

Wall Street Analyst Weigh In

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

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.