Crossingbridge Advisors LLC Purchases Shares of 134,000 Genworth Financial, Inc. (NYSE:GNW)

Crossingbridge Advisors LLC bought a new position in Genworth Financial, Inc. (NYSE:GNW - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 134,000 shares of the financial services provider's stock, valued at approximately $937,000.

A number of other large investors have also recently modified their holdings of the stock. Barclays PLC lifted its position in Genworth Financial by 291.2% during the 3rd quarter. Barclays PLC now owns 744,853 shares of the financial services provider's stock valued at $5,103,000 after acquiring an additional 554,462 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Genworth Financial by 30.1% during the third quarter. JPMorgan Chase & Co. now owns 1,947,016 shares of the financial services provider's stock valued at $13,337,000 after purchasing an additional 450,329 shares during the last quarter. GAMMA Investing LLC boosted its position 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 worth $76,000 after purchasing an additional 1,591 shares in the last quarter. Blue Trust Inc. increased its position in Genworth Financial by 28.5% during the 4th quarter. Blue Trust Inc. now owns 24,438 shares of the financial services provider's stock valued at $167,000 after buying an additional 5,420 shares in the last quarter. Finally, KBC Group NV boosted its holdings in Genworth Financial by 85.3% in the fourth quarter. KBC Group NV now owns 22,107 shares of the financial services provider's stock worth $155,000 after acquiring an additional 10,174 shares in the last quarter. Institutional investors own 81.85% of the company's stock.

Genworth Financial Stock Up 0.7 %

Shares of NYSE:GNW traded up $0.05 on Thursday, hitting $6.91. 5,032,488 shares of the company traded hands, compared to its average volume of 5,449,525. The stock has a 50 day simple moving average of $6.74 and a 200-day simple moving average of $7.02. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.16. The company has a market cap of $2.87 billion, a PE ratio of 10.15 and a beta of 0.95. Genworth Financial, Inc. has a 52 week low of $5.87 and a 52 week high of $7.90.

Genworth Financial (NYSE:GNW - Get Free Report) last issued its earnings results on Wednesday, April 30th. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.09). Genworth Financial had a return on equity of 2.96% and a net margin of 4.10%. The firm had revenue of $1.76 billion during the quarter.

Genworth Financial 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.