Numerai GP LLC acquired a new position in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 210,402 shares of the financial services provider's stock, valued at approximately $1,471,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Byrne Asset Management LLC boosted its position in shares of Genworth Financial by 148.9% in the fourth quarter. Byrne Asset Management LLC now owns 4,480 shares of the financial services provider's stock worth $31,000 after buying an additional 2,680 shares during the period. Jones Financial Companies Lllp bought a new stake in shares of Genworth Financial in the 4th quarter worth about $41,000. Smartleaf Asset Management LLC increased 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 worth $73,000 after purchasing an additional 7,729 shares during the period. Pennington Partners & CO. LLC bought a new stake in shares of Genworth Financial in the 4th quarter valued at $84,000. Finally, Landscape Capital Management L.L.C. bought a new position in shares of Genworth Financial during the 4th quarter worth approximately $85,000. Institutional investors and hedge funds own 81.85% of the company's stock.
Genworth Financial Stock Performance
Shares of GNW stock traded up $0.05 during trading hours on Monday, reaching $7.26. The company had a trading volume of 2,033,246 shares, compared to its average volume of 3,934,991. Genworth Financial, Inc. has a one year low of $5.87 and a one year high of $7.90. The firm has a market cap of $3.01 billion, a PE ratio of 10.67 and a beta of 0.99. The business has a fifty day moving average price of $6.82 and a 200-day moving average price of $7.02. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.29 and a current ratio of 0.29.
Genworth Financial (NYSE:GNW - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.09). The company had revenue of $1.76 billion during the quarter. Genworth Financial had a return on equity of 2.96% and a net margin of 4.10%.
Wall Street Analyst Weigh In
Separately, Keefe, Bruyette & Woods raised their price target on shares of Genworth Financial from $8.00 to $8.50 and gave the stock a "market perform" rating in a report on Tuesday, May 13th.
Read Our Latest Analysis on GNW
Genworth Financial Company Profile
(
Free Report)
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.
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