Moody Aldrich Partners LLC Invests $2.27 Million in Genworth Financial, Inc. (NYSE:GNW)

Moody Aldrich Partners LLC purchased a new position in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 339,172 shares of the financial services provider's stock, valued at approximately $2,266,000. Moody Aldrich Partners LLC owned 0.08% of Genworth Financial as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Nisa Investment Advisors LLC increased its stake in shares of Genworth Financial by 10.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 21,640 shares of the financial services provider's stock worth $145,000 after acquiring an additional 2,000 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in Genworth Financial during the fourth quarter worth about $655,000. Denali Advisors LLC boosted its holdings in Genworth Financial by 270.0% during the fourth quarter. Denali Advisors LLC now owns 312,300 shares of the financial services provider's stock worth $2,086,000 after buying an additional 227,900 shares in the last quarter. Alhambra Investment Management LLC purchased a new stake in Genworth Financial during the fourth quarter worth about $332,000. Finally, Assenagon Asset Management S.A. boosted its holdings in Genworth Financial by 21.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,806,350 shares of the financial services provider's stock worth $12,066,000 after buying an additional 316,780 shares in the last quarter. 81.85% of the stock is currently owned by institutional investors and hedge funds.

Genworth Financial Price Performance

Shares of NYSE GNW traded down $0.19 on Wednesday, hitting $6.02. The company's stock had a trading volume of 4,407,801 shares, compared to its average volume of 2,720,269. Genworth Financial, Inc. has a 12-month low of $4.51 and a 12-month high of $6.93. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of -601,500.00 and a beta of 1.06. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.30 and a quick ratio of 0.30. The stock has a 50 day moving average of $6.23 and a 200-day moving average of $6.17.

Genworth Financial (NYSE:GNW - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The financial services provider reported ($0.51) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.70). Genworth Financial had a net margin of 0.21% and a negative return on equity of 0.23%. The business had revenue of $1.91 billion during the quarter. During the same quarter in the previous year, the business earned $0.35 earnings per share.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods boosted their price objective on shares of Genworth Financial from $6.50 to $7.00 and gave the stock a "market perform" rating in a report on Wednesday.

Genworth Financial Company 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.