American Century Companies Inc. Boosts Position in Genworth Financial, Inc. (NYSE:GNW)

American Century Companies Inc. grew its holdings in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 8.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,220,342 shares of the financial services provider's stock after purchasing an additional 582,147 shares during the quarter. American Century Companies Inc. owned approximately 1.69% of Genworth Financial worth $50,470,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Xponance Inc. grew its holdings in Genworth Financial by 9.5% during the 4th quarter. Xponance Inc. now owns 31,032 shares of the financial services provider's stock valued at $217,000 after buying an additional 2,693 shares during the last quarter. Verition Fund Management LLC lifted its position in shares of Genworth Financial by 900.7% in the third quarter. Verition Fund Management LLC now owns 970,185 shares of the financial services provider's stock valued at $6,646,000 after acquiring an additional 873,237 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Genworth Financial by 30.1% during the third quarter. JPMorgan Chase & Co. now owns 1,947,016 shares of the financial services provider's stock valued at $13,337,000 after acquiring an additional 450,329 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in Genworth Financial by 19.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,171,821 shares of the financial services provider's stock worth $14,877,000 after purchasing an additional 348,627 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of Genworth Financial by 291.2% during the 3rd quarter. Barclays PLC now owns 744,853 shares of the financial services provider's stock worth $5,103,000 after purchasing an additional 554,462 shares during the last quarter. 81.85% of the stock is owned by hedge funds and other institutional investors.

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Genworth Financial Trading Down 2.5 %

Shares of NYSE GNW traded down $0.18 during midday trading on Friday, reaching $7.08. 3,321,413 shares of the stock were exchanged, compared to its average volume of 3,310,733. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $2.96 billion, a P/E ratio of 10.41 and a beta of 1.02. The stock has a 50 day moving average price of $6.99 and a 200-day moving average price of $7.05. Genworth Financial, Inc. has a 52-week low of $5.67 and a 52-week high of $7.90.

Genworth Financial (NYSE:GNW - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The financial services provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.14). Genworth Financial had a net margin of 4.10% and a return on equity of 2.96%. The business had revenue of $1.82 billion during the quarter. During the same period in the previous year, the business earned ($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.