Bay Capital Advisors LLC Buys Shares of 18,003 Genworth Financial, Inc. (NYSE:GNW)

Bay Capital Advisors LLC purchased a new position in shares of Genworth Financial, Inc. (NYSE:GNW) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 18,003 shares of the financial services provider’s stock, valued at approximately $126,000.

Several other hedge funds also recently modified their holdings of the business. Byrne Asset Management LLC raised its stake 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 valued at $31,000 after purchasing an additional 2,680 shares during 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 lifted its stake in shares of Genworth Financial by 279.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 10,494 shares of the financial services provider’s stock valued at $73,000 after buying an additional 7,729 shares during the period. GAMMA Investing LLC grew its position in Genworth Financial by 17.2% during the fourth 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 bought a new position in Genworth Financial during the third quarter valued at about $91,000. 81.85% of the stock is owned by institutional investors.

Genworth Financial Price Performance

Shares of GNW stock opened at $7.15 on Wednesday. Genworth Financial, Inc. has a 12 month low of $5.67 and a 12 month high of $7.90. The company has a market capitalization of $2.99 billion, a P/E ratio of 10.51 and a beta of 1.02. The stock has a 50 day moving average of $6.97 and a two-hundred day moving average of $7.04. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.16.

Genworth Financial (NYSE:GNW) last posted its quarterly 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). The business had revenue of $1.82 billion for the quarter. Genworth Financial had a return on equity of 2.96% and a net margin of 4.10%. During the same quarter in the prior 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.