AlphaQuest LLC Purchases Shares of 411,630 Genworth Financial, Inc. (NYSE:GNW)

AlphaQuest LLC purchased a new position in Genworth Financial, Inc. (NYSE:GNW) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 411,630 shares of the financial services provider’s stock, valued at approximately $2,877,000. Genworth Financial comprises 0.4% of AlphaQuest LLC’s investment portfolio, making the stock its 19th largest position. AlphaQuest LLC owned about 0.10% of Genworth Financial as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Amundi grew its position in Genworth Financial by 183.1% during the fourth quarter. Amundi now owns 215,289 shares of the financial services provider’s stock worth $1,466,000 after buying an additional 139,231 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Genworth Financial during the 4th quarter worth approximately $7,496,000. Charles Schwab Investment Management Inc. increased its position in shares of Genworth Financial by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,195,012 shares of the financial services provider’s stock valued at $36,313,000 after purchasing an additional 99,120 shares during the period. Jones Financial Companies Lllp bought a new stake in shares of Genworth Financial during the fourth quarter valued at approximately $41,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of 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 valued at $73,000 after purchasing an additional 7,729 shares in the last quarter. Institutional investors own 81.85% of the company’s stock.

Genworth Financial Stock Up 0.2 %

Shares of GNW opened at $6.66 on Friday. 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 50-day moving average price of $6.99 and a two-hundred day moving average price of $7.04. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 9.79 and a beta of 1.02. Genworth Financial, Inc. has a 12 month low of $5.67 and a 12 month high of $7.90.

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

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Genworth Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th.

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.