Forum Financial Management LP Acquires 2,584 Shares of Genworth Financial, Inc. (NYSE:GNW)

Forum Financial Management LP raised its holdings in shares of Genworth Financial, Inc. (NYSE:GNW) by 12.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,131 shares of the financial services provider’s stock after purchasing an additional 2,584 shares during the period. Forum Financial Management LP’s holdings in Genworth Financial were worth $162,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. CANADA LIFE ASSURANCE Co grew its stake in shares of Genworth Financial by 3.7% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 506,618 shares of the financial services provider’s stock worth $3,540,000 after buying an additional 17,877 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Genworth Financial by 45.2% in the fourth quarter. Marshall Wace LLP now owns 454,900 shares of the financial services provider’s stock worth $3,180,000 after acquiring an additional 141,660 shares during the last quarter. Jump Financial LLC bought a new position in shares of Genworth Financial during the fourth quarter valued at $2,452,000. XTX Topco Ltd raised its position in shares of Genworth Financial by 9.1% in the 4th quarter. XTX Topco Ltd now owns 136,810 shares of the financial services provider’s stock worth $956,000 after purchasing an additional 11,372 shares during the last quarter. Finally, Mariner LLC boosted its stake in Genworth Financial by 3.8% in the 4th quarter. Mariner LLC now owns 68,689 shares of the financial services provider’s stock worth $480,000 after purchasing an additional 2,514 shares in the last quarter. 81.85% of the stock is currently owned by hedge funds and other institutional investors.

Genworth Financial Stock Up 0.8 %

Shares of Genworth Financial stock opened at $6.63 on Thursday. Genworth Financial, Inc. has a 52-week low of $5.87 and a 52-week high of $7.90. The stock has a market capitalization of $2.76 billion, a PE ratio of 9.75 and a beta of 0.95. The company has a 50-day simple moving average of $6.75 and a two-hundred day simple moving average of $7.03. 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 issued its earnings results on Tuesday, February 18th. The financial services provider reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.14). Genworth Financial had a return on equity of 2.96% and a net margin of 4.10%. The business had revenue of $1.82 billion during the quarter. During the same period last year, the business posted ($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.