Hsbc Holdings PLC raised its stake in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) by 62.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 383,544 shares of the financial services provider's stock after purchasing an additional 147,682 shares during the period. Hsbc Holdings PLC owned 0.09% of Genworth Financial worth $2,692,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Byrne Asset Management LLC increased its holdings in Genworth Financial by 148.9% in the 4th quarter. Byrne Asset Management LLC now owns 4,480 shares of the financial services provider's stock worth $31,000 after acquiring an additional 2,680 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in shares of Genworth Financial during the 4th quarter valued at $41,000. Smartleaf Asset Management LLC lifted its stake in shares of Genworth Financial by 279.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 10,494 shares of the financial services provider's stock valued at $73,000 after buying an additional 7,729 shares in the last quarter. GAMMA Investing LLC boosted 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 worth $76,000 after acquiring an additional 1,591 shares during the period. Finally, Landscape Capital Management L.L.C. bought a new position in Genworth Financial in the 4th quarter worth approximately $85,000. Hedge funds and other institutional investors own 81.85% of the company's stock.
Genworth Financial Price Performance
Shares of GNW stock traded up $0.19 during mid-day trading on Friday, hitting $6.98. The company had a trading volume of 6,030,477 shares, compared to its average volume of 3,743,814. The company has a market capitalization of $2.90 billion, a P/E ratio of 10.26 and a beta of 0.95. The stock's 50 day moving average price is $6.75 and its 200-day moving average price is $7.01. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.29 and a quick ratio of 0.29. 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 announced 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 net margin of 4.10% and a return on equity of 2.96%. The business had revenue of $1.76 billion for the quarter.
Genworth Financial Profile
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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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