Raymond James Financial Inc. Invests $7.50 Million in Genworth Financial, Inc. (NYSE:GNW)

Raymond James Financial Inc. acquired a new stake in Genworth Financial, Inc. (NYSE:GNW) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,072,446 shares of the financial services provider’s stock, valued at approximately $7,496,000. Raymond James Financial Inc. owned 0.25% of Genworth Financial as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its position in Genworth Financial by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,195,012 shares of the financial services provider’s stock valued at $36,313,000 after purchasing an additional 99,120 shares during the period. Jones Financial Companies Lllp acquired a new stake in Genworth Financial in the fourth quarter valued at about $41,000. Smartleaf Asset Management LLC lifted its position in Genworth Financial by 279.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 10,494 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 7,729 shares during the period. Factorial Partners LLC lifted its position in Genworth Financial by 0.3% in the fourth 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. Finally, Oppenheimer & Co. Inc. lifted its position in Genworth Financial by 12.7% in the fourth 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 during the period. Institutional investors and hedge funds own 81.85% of the company’s stock.

Genworth Financial Trading Down 1.8 %

Shares of Genworth Financial stock opened at $6.92 on Friday. Genworth Financial, Inc. has a 12-month low of $5.67 and a 12-month high of $7.90. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.16. The stock has a market cap of $2.90 billion, a PE ratio of 10.17 and a beta of 1.02. The company has a 50-day moving average of $6.95 and a two-hundred day moving average of $7.03.

Genworth Financial (NYSE:GNW) last issued its earnings results on Tuesday, February 18th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business posted ($0.51) earnings per share.

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.