Freedom Investment Management Inc. Has $322,000 Stake in Genworth Financial, Inc. (NYSE:GNW)

Freedom Investment Management Inc. cut its holdings in Genworth Financial, Inc. (NYSE:GNW) by 10.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,104 shares of the financial services provider’s stock after selling 5,337 shares during the period. Freedom Investment Management Inc.’s holdings in Genworth Financial were worth $322,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Byrne Asset Management LLC increased its stake in shares of Genworth Financial by 148.9% in the 4th quarter. Byrne Asset Management LLC now owns 4,480 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 2,680 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in shares of Genworth Financial during the fourth quarter valued at about $41,000. Smartleaf Asset Management LLC boosted its position in shares of 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. GAMMA Investing LLC grew its stake in shares of Genworth Financial by 17.2% in the 4th quarter. GAMMA Investing LLC now owns 10,838 shares of the financial services provider’s stock valued at $76,000 after buying an additional 1,591 shares during the period. Finally, Landscape Capital Management L.L.C. bought a new stake in Genworth Financial in the 4th quarter valued at about $85,000. 81.85% of the stock is currently owned by institutional investors.

Genworth Financial Stock Down 4.1 %

GNW stock opened at $6.39 on Tuesday. 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 fifty-two week low of $5.87 and a fifty-two week high of $7.90. The stock’s 50 day simple moving average is $6.78 and its 200 day simple moving average is $7.03. The company has a market cap of $2.66 billion, a P/E ratio of 9.40 and a beta of 0.95.

Genworth Financial (NYSE:GNW) 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). 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 for the quarter. During the same period in the previous year, the business 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.