AlphaQuest LLC Takes $2.88 Million Position in Genworth Financial, Inc. (NYSE:GNW)

AlphaQuest LLC acquired a new position in Genworth Financial, Inc. (NYSE:GNW - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 411,630 shares of the financial services provider's stock, valued at approximately $2,877,000. Genworth Financial accounts for approximately 0.4% of AlphaQuest LLC's investment portfolio, making the stock its 19th biggest position. AlphaQuest LLC owned approximately 0.10% of Genworth Financial at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Amundi raised its stake in Genworth Financial by 183.1% during the fourth quarter. Amundi now owns 215,289 shares of the financial services provider's stock worth $1,466,000 after acquiring an additional 139,231 shares during the period. Raymond James Financial Inc. bought a new position in shares of Genworth Financial during the fourth quarter valued at approximately $7,496,000. Charles Schwab Investment Management Inc. raised its position in shares of Genworth Financial by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,195,012 shares of the financial services provider's stock worth $36,313,000 after purchasing an additional 99,120 shares during the period. Jones Financial Companies Lllp acquired a new stake in shares of Genworth Financial during the 4th quarter worth approximately $41,000. Finally, Smartleaf Asset Management LLC lifted 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 worth $73,000 after purchasing an additional 7,729 shares during the last quarter. Institutional investors own 81.85% of the company's stock.

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Genworth Financial Price Performance

NYSE:GNW traded up $0.03 during midday trading on Tuesday, hitting $6.50. 5,464,656 shares of the stock were exchanged, compared to its average volume of 2,982,880. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 9.55 and a beta of 1.02. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.16. Genworth Financial, Inc. has a one year low of $5.67 and a one year high of $7.90. The business has a 50-day moving average price of $6.98 and a two-hundred day moving average price of $7.04.

Genworth Financial (NYSE:GNW - Get Free Report) last posted its quarterly earnings data 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 return on equity of 2.96% and a net margin of 4.10%. During the same quarter in the previous year, the company earned ($0.51) earnings per share.

Analyst Ratings Changes

Separately, StockNews.com lowered Genworth Financial from a "buy" rating to a "hold" rating in a 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.