AlphaCentric Advisors LLC Purchases New Position in Genworth Financial, Inc. (NYSE:GNW)

AlphaCentric Advisors LLC acquired a new stake in Genworth Financial, Inc. (NYSE:GNW - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 134,000 shares of the financial services provider's stock, valued at approximately $937,000.

A number of other hedge funds have also recently made changes to their positions in the business. Principal Financial Group Inc. lifted its holdings in Genworth Financial by 1.7% in the 4th quarter. Principal Financial Group Inc. now owns 2,071,155 shares of the financial services provider's stock worth $14,477,000 after purchasing an additional 34,548 shares in the last quarter. New York State Teachers Retirement System raised its position in shares of Genworth Financial by 2.5% during the fourth quarter. New York State Teachers Retirement System now owns 550,940 shares of the financial services provider's stock valued at $3,851,000 after buying an additional 13,633 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Genworth Financial by 4.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 948,125 shares of the financial services provider's stock worth $6,627,000 after buying an additional 36,035 shares in the last quarter. Savant Capital LLC boosted its position in shares of Genworth Financial by 11.9% during the fourth quarter. Savant Capital LLC now owns 17,155 shares of the financial services provider's stock worth $120,000 after acquiring an additional 1,830 shares during the last quarter. Finally, Entropy Technologies LP purchased a new position in Genworth Financial during the fourth quarter valued at $121,000. Institutional investors own 81.85% of the company's stock.

Genworth Financial Price Performance

NYSE GNW traded down $0.11 during trading on Thursday, hitting $6.64. 8,141,616 shares of the stock traded hands, compared to its average volume of 4,176,934. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.17. Genworth Financial, Inc. has a 12-month low of $5.67 and a 12-month high of $7.90. The firm has a 50-day simple moving average of $7.09 and a 200-day simple moving average of $7.02. The company has a market capitalization of $2.83 billion, a P/E ratio of 9.76 and a beta of 1.00.

Genworth Financial (NYSE:GNW - Get Free Report) last posted its 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). Genworth Financial had a net margin of 4.10% and a return on equity of 2.98%. The business had revenue of $1.82 billion during the quarter. During the same period in the previous year, the business posted ($0.51) earnings per share.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Genworth Financial from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th.

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.