Smartleaf Asset Management LLC Has $73,000 Position in Genworth Financial, Inc. (NYSE:GNW)

Smartleaf Asset Management LLC lifted its holdings in Genworth Financial, Inc. (NYSE:GNW) by 279.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,494 shares of the financial services provider’s stock after purchasing an additional 7,729 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Genworth Financial were worth $73,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. FMR LLC boosted its holdings in shares of Genworth Financial by 18.7% in the third quarter. FMR LLC now owns 5,675,896 shares of the financial services provider’s stock valued at $38,880,000 after buying an additional 894,053 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Genworth Financial by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,095,892 shares of the financial services provider’s stock worth $34,907,000 after purchasing an additional 92,849 shares during the period. Whitefort Capital Management LP boosted its stake in Genworth Financial by 49.6% in the 3rd quarter. Whitefort Capital Management LP now owns 2,986,960 shares of the financial services provider’s stock worth $20,461,000 after purchasing an additional 990,000 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Genworth Financial by 19.1% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,171,821 shares of the financial services provider’s stock valued at $14,877,000 after purchasing an additional 348,627 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Genworth Financial by 1.7% during the fourth quarter. Principal Financial Group Inc. now owns 2,071,155 shares of the financial services provider’s stock worth $14,477,000 after buying an additional 34,548 shares during the period. 81.85% of the stock is owned by institutional investors.

Genworth Financial Price Performance

Shares of NYSE GNW opened at $6.66 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.29 and a quick ratio of 0.29. The business has a 50-day moving average of $6.99 and a 200-day moving average of $7.05. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 9.79 and a beta of 1.02. Genworth Financial, Inc. has a fifty-two week low of $5.67 and a fifty-two week high of $7.90.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Genworth Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th.

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.