Raymond James Financial Inc. Acquires New Stake in Genworth Financial, Inc. (NYSE:GNW)

Raymond James Financial Inc. purchased a new position in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,072,446 shares of the financial services provider's stock, valued at approximately $7,496,000. Raymond James Financial Inc. owned 0.25% of Genworth Financial at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its position in Genworth Financial by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,195,012 shares of the financial services provider's stock valued at $36,313,000 after acquiring an additional 99,120 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in shares of Genworth Financial during the 4th quarter valued at approximately $41,000. Smartleaf Asset Management LLC increased 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 purchasing an additional 7,729 shares in the last quarter. Factorial Partners LLC lifted its stake in Genworth Financial by 0.3% in the 4th quarter. Factorial Partners LLC now owns 622,000 shares of the financial services provider's stock valued at $4,348,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its position in Genworth Financial by 12.7% in the fourth quarter. Oppenheimer & Co. Inc. now owns 44,300 shares of the financial services provider's stock valued at $310,000 after buying an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 81.85% of the company's stock.

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Genworth Financial Price Performance

Shares of GNW traded up $0.03 during trading hours on Wednesday, reaching $7.16. The stock had a trading volume of 3,117,274 shares, compared to its average volume of 3,077,956. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.29 and a current ratio of 0.29. Genworth Financial, Inc. has a 12 month low of $5.67 and a 12 month high of $7.90. The stock has a market capitalization of $3.00 billion, a PE ratio of 10.52 and a beta of 1.02. The company's 50-day moving average is $6.97 and its two-hundred day moving average is $7.04.

Genworth Financial (NYSE:GNW - Get Free Report) last announced its quarterly earnings results 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 for the quarter. Genworth Financial had a net margin of 4.10% and a return on equity of 2.96%. During the same quarter last year, the firm earned ($0.51) earnings per share.

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.