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

AlphaQuest LLC acquired a new position in Genworth Financial, Inc. (NYSE:GNW) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 411,630 shares of the financial services provider’s stock, valued at approximately $2,877,000. Genworth Financial comprises approximately 0.4% of AlphaQuest LLC’s investment portfolio, making the stock its 19th largest position.

Other large investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. bought a new stake in shares of Genworth Financial during the third quarter worth $30,000. Byrne Asset Management LLC raised its holdings in Genworth Financial by 148.9% during the 4th quarter. Byrne Asset Management LLC now owns 4,480 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 2,680 shares during the last quarter. Jones Financial Companies Lllp acquired a new position in Genworth Financial during the 4th quarter valued at about $41,000. LMR Partners LLP bought a new position in shares of Genworth Financial in the 3rd quarter valued at about $73,000. Finally, Smartleaf Asset Management LLC boosted its stake 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 valued at $73,000 after purchasing an additional 7,729 shares during the last quarter. Institutional investors and hedge funds own 81.85% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Genworth Financial Stock Up 0.2 %

NYSE:GNW opened at $6.66 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.16. Genworth Financial, Inc. has a 12-month low of $5.67 and a 12-month high of $7.90. The stock’s fifty day simple moving average is $6.99 and its 200-day simple moving average is $7.04. The firm has a market capitalization of $2.79 billion, a P/E ratio of 9.79 and a beta of 1.02.

Genworth Financial (NYSE:GNW) last released its 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). The company 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 quarter last year, the firm 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.