Wells Fargo & Company MN Raises Stock Holdings in Genworth Financial, Inc. (NYSE:GNW)

Wells Fargo & Company MN boosted its stake in shares of Genworth Financial, Inc. (NYSE:GNW) by 26.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 266,198 shares of the financial services provider’s stock after buying an additional 55,078 shares during the quarter. Wells Fargo & Company MN owned 0.06% of Genworth Financial worth $1,861,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Byrne Asset Management LLC boosted its position in shares of Genworth Financial by 148.9% during the 4th quarter. Byrne Asset Management LLC now owns 4,480 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 2,680 shares during the period. Jones Financial Companies Lllp acquired a new position in Genworth Financial during the fourth quarter worth $41,000. Smartleaf Asset Management LLC boosted its position in shares of Genworth Financial by 279.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 10,494 shares of the financial services provider’s stock worth $73,000 after buying an additional 7,729 shares during the period. GAMMA Investing LLC boosted its position in shares of Genworth Financial by 17.2% during the fourth quarter. GAMMA Investing LLC now owns 10,838 shares of the financial services provider’s stock worth $76,000 after buying an additional 1,591 shares during the period. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Genworth Financial in the fourth quarter valued at $85,000. 81.85% of the stock is currently owned by institutional investors and hedge funds.

Genworth Financial Price Performance

GNW opened at $6.72 on Friday. The stock’s 50-day moving average price is $6.73 and its 200 day moving average price is $7.02. Genworth Financial, Inc. has a 12-month low of $5.87 and a 12-month high of $7.90. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 9.88 and a beta of 0.95. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.16.

Genworth Financial (NYSE:GNW) last issued its quarterly earnings results on Tuesday, February 18th. The financial services provider reported $0.04 earnings per share (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 business had revenue of $1.82 billion for the quarter. During the same quarter in the previous year, the company earned ($0.51) earnings per share.

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.