20,414 Shares in Genworth Financial, Inc. (NYSE:GNW) Bought by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC acquired a new stake in Genworth Financial, Inc. (NYSE:GNW) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,414 shares of the financial services provider’s stock, valued at approximately $143,000.

Several other hedge funds also recently made changes to their positions in the company. Byrne Asset Management LLC boosted its position 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 purchasing an additional 2,680 shares during the period. Jones Financial Companies Lllp acquired a new position in shares of Genworth Financial in the 4th quarter valued at $41,000. Smartleaf Asset Management LLC raised its position in 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. GAMMA Investing LLC boosted its stake in Genworth Financial by 17.2% during the 4th quarter. GAMMA Investing LLC now owns 10,838 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 1,591 shares during the period. Finally, Landscape Capital Management L.L.C. acquired a new position in Genworth Financial in the fourth quarter valued at $85,000. Hedge funds and other institutional investors own 81.85% of the company’s stock.

Genworth Financial Price Performance

Shares of GNW opened at $6.65 on Friday. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 9.77 and a beta of 0.95. Genworth Financial, Inc. has a fifty-two week low of $5.80 and a fifty-two week high of $7.90. The firm has a 50-day simple moving average of $6.81 and a 200-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 released 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). Genworth Financial had a net margin of 4.10% and a return on equity of 2.96%. The company had revenue of $1.82 billion during the quarter. During the same quarter in the prior year, the firm 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.