Genworth Financial, Inc. (NYSE:GNW) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its holdings in shares of Genworth Financial, Inc. (NYSE:GNW) by 13.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,861 shares of the financial services provider’s stock after acquiring an additional 2,343 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Genworth Financial were worth $139,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Byrne Asset Management LLC increased its holdings in shares of Genworth Financial by 148.9% during the fourth quarter. Byrne Asset Management LLC now owns 4,480 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 2,680 shares during the period. Jones Financial Companies Lllp bought a new stake in Genworth Financial during the fourth quarter worth approximately $41,000. Smartleaf Asset Management LLC lifted its position in 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 worth $73,000 after purchasing an additional 7,729 shares during the period. GAMMA Investing LLC lifted its position in 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 purchasing an additional 1,591 shares during the period. Finally, Landscape Capital Management L.L.C. acquired a new position in shares of Genworth Financial during the 4th quarter valued at $85,000. 81.85% of the stock is owned by institutional investors and hedge funds.

Genworth Financial Trading Up 1.7 %

Shares of Genworth Financial stock opened at $7.03 on Friday. The business has a fifty day simple moving average of $6.76 and a 200-day simple moving average of $7.01. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of 10.33 and a beta of 0.99. Genworth Financial, Inc. has a fifty-two week low of $5.87 and a fifty-two week high of $7.90. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.16.

Genworth Financial (NYSE:GNW) last issued its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates 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 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.