Quantbot Technologies LP Buys New Holdings in Genworth Financial, Inc. (NYSE:GNW)

Quantbot Technologies LP purchased a new position in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 35,460 shares of the financial services provider's stock, valued at approximately $248,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Byrne Asset Management LLC raised its position in shares of Genworth Financial by 148.9% in the fourth 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 during the period. Jones Financial Companies Lllp bought a new position in Genworth Financial in the 4th quarter worth $41,000. Smartleaf Asset Management LLC lifted its position in Genworth Financial by 279.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 10,494 shares of the financial services provider's stock worth $73,000 after acquiring an additional 7,729 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Genworth Financial by 17.2% during the fourth quarter. GAMMA Investing LLC now owns 10,838 shares of the financial services provider's stock valued at $76,000 after acquiring an additional 1,591 shares during the period. Finally, Atlas Wealth LLC acquired a new stake in shares of Genworth Financial in the third quarter valued at about $91,000. Institutional investors and hedge funds own 81.85% of the company's stock.

Genworth Financial Stock Performance

Shares of NYSE GNW traded up $0.03 during trading hours on Monday, hitting $7.10. 3,632,575 shares of the company's stock were exchanged, compared to its average volume of 3,312,016. The company's 50-day moving average price is $6.99 and its 200-day moving average price is $7.05. Genworth Financial, Inc. has a 1-year low of $5.67 and a 1-year high of $7.90. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 10.44 and a beta of 1.02. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.29 and a quick ratio of 0.29.

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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 for the quarter, missing the consensus estimate of $0.18 by ($0.14). The business 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 period last year, the company earned ($0.51) earnings per share.

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.