JPMorgan Chase & Co. Purchases 724,557 Shares of Genworth Financial, Inc. (NYSE:GNW)

JPMorgan Chase & Co. lifted its position in shares of Genworth Financial, Inc. (NYSE:GNW) by 37.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,671,573 shares of the financial services provider’s stock after purchasing an additional 724,557 shares during the quarter. JPMorgan Chase & Co.’s holdings in Genworth Financial were worth $18,674,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Byrne Asset Management LLC boosted its holdings 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 valued at $31,000 after buying an additional 2,680 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in Genworth Financial during the fourth quarter worth about $41,000. Smartleaf Asset Management LLC grew its holdings 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 increased its stake 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 valued at $76,000 after purchasing an additional 1,591 shares in the last quarter. Finally, Truist Financial Corp purchased a new position in shares of Genworth Financial during the fourth quarter valued at approximately $105,000. 81.85% of the stock is owned by hedge funds and other institutional investors.

Genworth Financial Stock Performance

Genworth Financial stock opened at $6.53 on Friday. Genworth Financial, Inc. has a twelve month low of $5.67 and a twelve month 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. The company has a market capitalization of $2.73 billion, a P/E ratio of 9.60 and a beta of 0.95. The stock’s 50 day moving average is $6.88 and its 200 day moving average is $7.04.

Genworth Financial (NYSE:GNW) last released its 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 company had revenue of $1.82 billion during the quarter. Genworth Financial had a return on equity of 2.96% and a net margin of 4.10%. During the same quarter in the prior year, the company posted ($0.51) earnings per share.

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.