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

Raymond James Financial Inc. bought a new stake in Genworth Financial, Inc. (NYSE:GNW - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 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 filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in the stock. GAMMA Investing LLC lifted its stake in shares of Genworth Financial by 17.2% in the fourth 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. Savant Capital LLC lifted its stake in shares of Genworth Financial by 11.9% in the fourth quarter. Savant Capital LLC now owns 17,155 shares of the financial services provider's stock valued at $120,000 after buying an additional 1,830 shares during the period. Factorial Partners LLC lifted its stake in shares of 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 buying an additional 2,000 shares during the period. CIBC Asset Management Inc lifted its stake in shares of Genworth Financial by 4.9% in the fourth quarter. CIBC Asset Management Inc now owns 43,219 shares of the financial services provider's stock valued at $302,000 after buying an additional 2,003 shares during the period. Finally, HighTower Advisors LLC lifted its stake in shares of Genworth Financial by 14.0% in the fourth quarter. HighTower Advisors LLC now owns 17,590 shares of the financial services provider's stock valued at $123,000 after buying an additional 2,154 shares during the period. Institutional investors own 81.85% of the company's stock.

Genworth Financial Stock Performance

Shares of NYSE GNW traded up $0.06 during mid-day trading on Monday, hitting $6.79. The company had a trading volume of 4,630,259 shares, compared to its average volume of 3,675,053. 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 business's 50-day simple moving average is $6.73 and its 200-day simple moving average is $7.02. Genworth Financial, Inc. has a 12 month low of $5.87 and a 12 month high of $7.90. The firm has a market cap of $2.82 billion, a P/E ratio of 9.99 and a beta of 0.95.

Genworth Financial (NYSE:GNW - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The financial services provider reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.14). The business had revenue of $1.82 billion for the quarter. Genworth Financial had a return on equity of 2.96% and a net margin of 4.10%. During the same period last year, the company posted ($0.51) EPS.

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.