Raymond James Financial Inc. Invests $7.50 Million in Genworth Financial, Inc. (NYSE:GNW)

Raymond James Financial Inc. bought a new position in shares of Genworth Financial, Inc. (NYSE:GNW) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,072,446 shares of the financial services provider’s stock, valued at approximately $7,496,000.

Other hedge funds have also recently bought and sold shares of the company. Byrne Asset Management LLC boosted its position in 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 worth $31,000 after acquiring an additional 2,680 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in Genworth Financial during the fourth quarter worth approximately $41,000. Smartleaf Asset Management LLC boosted its holdings in shares of Genworth Financial by 279.5% in the 4th 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 during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Genworth Financial by 17.2% in the 4th 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 during the last quarter. Finally, Atlas Wealth LLC acquired a new position in shares of Genworth Financial in the 3rd quarter valued at $91,000. Institutional investors and hedge funds own 81.85% of the company’s stock.

Genworth Financial Stock Down 1.8 %

Shares of GNW opened at $6.92 on Friday. The firm has a market cap of $2.90 billion, a PE ratio of 10.17 and a beta of 1.02. The company’s fifty day moving average is $6.95 and its two-hundred day moving average is $7.03. Genworth Financial, Inc. has a fifty-two week low of $5.67 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 announced its quarterly earnings results on Tuesday, February 18th. The financial services provider reported $0.04 earnings per share 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 net margin of 4.10% and a return on equity of 2.96%. During the same quarter in the previous year, the business posted ($0.51) EPS.

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.