Trexquant Investment LP Acquires 82,650 Shares of Genworth Financial, Inc. (NYSE:GNW)

Trexquant Investment LP boosted its stake in shares of Genworth Financial, Inc. (NYSE:GNW) by 19.5% during the fourth quarter, Holdings Channel reports. The fund owned 507,191 shares of the financial services provider’s stock after acquiring an additional 82,650 shares during the period. Trexquant Investment LP’s holdings in Genworth Financial were worth $3,545,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Byrne Asset Management LLC lifted its position in shares of Genworth Financial by 148.9% during the fourth quarter. Byrne Asset Management LLC now owns 4,480 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 2,680 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in Genworth Financial during the 4th quarter worth $41,000. Smartleaf Asset Management LLC boosted 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 buying an additional 7,729 shares during the last quarter. GAMMA Investing LLC increased 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, Truist Financial Corp bought a new stake in shares of Genworth Financial during the fourth quarter worth $105,000. Institutional investors and hedge funds own 81.85% of the company’s stock.

Genworth Financial Price Performance

Genworth Financial stock opened at $6.49 on Monday. The business’s 50-day simple moving average is $6.99 and its 200 day simple moving average is $7.06. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.16. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 9.54 and a beta of 0.95. Genworth Financial, Inc. has a 12-month low of $5.67 and a 12-month high of $7.90.

Genworth Financial (NYSE:GNW) last issued its earnings results on Tuesday, February 18th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.14). The business 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 quarter in the previous year, the business earned ($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.