Genworth Financial, Inc. (NYSE:GNW) Stake Increased by American Century Companies Inc.

American Century Companies Inc. raised its position in shares of Genworth Financial, Inc. (NYSE:GNW) by 8.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,220,342 shares of the financial services provider’s stock after buying an additional 582,147 shares during the quarter. American Century Companies Inc. owned about 1.69% of Genworth Financial worth $50,470,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Byrne Asset Management LLC lifted its stake in 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 buying an additional 2,680 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in shares of Genworth Financial during the fourth quarter valued at approximately $41,000. Smartleaf Asset Management LLC boosted its position in shares of Genworth Financial by 279.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 10,494 shares of the financial services provider’s stock worth $73,000 after buying an additional 7,729 shares during the period. GAMMA Investing LLC grew its holdings in Genworth Financial by 17.2% in the 4th quarter. GAMMA Investing LLC now owns 10,838 shares of the financial services provider’s stock worth $76,000 after buying an additional 1,591 shares in the last quarter. Finally, Atlas Wealth LLC acquired a new stake in Genworth Financial in the 3rd quarter valued at approximately $91,000. 81.85% of the stock is owned by institutional investors and hedge funds.

Genworth Financial Trading Up 0.4 %

Shares of GNW stock opened at $7.16 on Thursday. Genworth Financial, Inc. has a 1 year low of $5.67 and a 1 year high of $7.90. The firm has a market capitalization of $3.00 billion, a PE ratio of 10.52 and a beta of 1.02. The stock has a fifty day moving average of $6.98 and a two-hundred day moving average of $7.04. 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 (NYSE:GNW) last announced its earnings results on Tuesday, February 18th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 period in the previous year, the company earned ($0.51) EPS.

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.