Raymond James Financial Inc. Purchases Shares of 1,072,446 Genworth Financial, Inc. (NYSE:GNW)

Raymond James Financial Inc. acquired a new stake in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,072,446 shares of the financial services provider's stock, valued at approximately $7,496,000. Raymond James Financial Inc. owned approximately 0.25% of Genworth Financial as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in GNW. Byrne Asset Management LLC raised 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 purchasing an additional 2,680 shares in the last quarter. Jones Financial Companies Lllp bought a new position in Genworth Financial during the fourth quarter valued at about $41,000. Smartleaf Asset Management LLC lifted its position in shares of 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 buying an additional 7,729 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of 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 buying an additional 1,591 shares during the last quarter. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of Genworth Financial during the 4th quarter worth about $85,000. 81.85% of the stock is currently owned by institutional investors and hedge funds.

Genworth Financial Stock Performance

GNW traded down $0.06 on Friday, hitting $6.72. The company had a trading volume of 5,492,487 shares, compared to its average volume of 3,663,207. The stock 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 debt-to-equity ratio of 0.16, a current ratio of 0.29 and a quick ratio of 0.29. The company's fifty day moving average price is $6.74 and its 200 day moving average price is $7.03. Genworth Financial, Inc. has a 1-year low of $5.87 and a 1-year high of $7.90.

Genworth Financial (NYSE:GNW - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $1.82 billion for the quarter. Genworth Financial had a return on equity of 2.96% and a net margin of 4.10%. During the same period in the prior year, the company posted ($0.51) earnings per share.

About Genworth Financial

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.