Charles Schwab Investment Management Inc. Purchases 99,120 Shares of Genworth Financial, Inc. (NYSE:GNW)

Charles Schwab Investment Management Inc. raised its holdings in shares of Genworth Financial, Inc. (NYSE:GNW) by 1.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,195,012 shares of the financial services provider’s stock after purchasing an additional 99,120 shares during the period. Charles Schwab Investment Management Inc. owned 1.22% of Genworth Financial worth $36,313,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Byrne Asset Management LLC grew its stake in Genworth Financial by 148.9% during the 4th quarter. Byrne Asset Management LLC now owns 4,480 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 2,680 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in Genworth Financial in the 4th quarter valued at $41,000. Smartleaf Asset Management LLC boosted its position in Genworth Financial by 279.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 10,494 shares of the financial services provider’s stock worth $73,000 after acquiring an additional 7,729 shares during the last quarter. LMR Partners LLP purchased a new stake in shares of Genworth Financial in the third quarter valued at approximately $73,000. Finally, GAMMA Investing LLC grew its stake in shares of Genworth Financial by 17.2% in the 4th quarter. GAMMA Investing LLC now owns 10,838 shares of the financial services provider’s stock valued at $76,000 after buying an additional 1,591 shares during the period. Hedge funds and other institutional investors own 81.85% of the company’s stock.

Analyst Ratings Changes

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

Genworth Financial Price Performance

Shares of NYSE GNW opened at $6.64 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.29 and a quick ratio of 0.29. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 9.76 and a beta of 1.02. The stock’s 50-day moving average is $6.95 and its two-hundred day moving average is $7.03. Genworth Financial, Inc. has a 1-year low of $5.67 and a 1-year high of $7.90.

Genworth Financial (NYSE:GNW) last released its quarterly earnings data 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 company had revenue of $1.82 billion during the quarter. During the same period in the previous year, the company earned ($0.51) EPS.

Genworth Financial Company 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.