Jump Financial LLC Makes New Investment in Genworth Financial, Inc. (NYSE:GNW)

Jump Financial LLC acquired a new stake in shares of Genworth Financial, Inc. (NYSE:GNW) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 350,742 shares of the financial services provider’s stock, valued at approximately $2,452,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Prudential Financial Inc. grew its holdings in Genworth Financial by 70.2% in the 4th quarter. Prudential Financial Inc. now owns 5,567,978 shares of the financial services provider’s stock worth $38,920,000 after acquiring an additional 2,296,538 shares during the last quarter. Norges Bank purchased a new stake in shares of Genworth Financial during the fourth quarter worth about $15,034,000. Raymond James Financial Inc. bought a new stake in shares of Genworth Financial in the fourth quarter worth about $7,496,000. Donald Smith & CO. Inc. increased its holdings in Genworth Financial by 3.7% during the 4th quarter. Donald Smith & CO. Inc. now owns 25,949,469 shares of the financial services provider’s stock valued at $181,387,000 after purchasing an additional 934,175 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Genworth Financial by 37.2% during the 4th quarter. JPMorgan Chase & Co. now owns 2,671,573 shares of the financial services provider’s stock valued at $18,674,000 after purchasing an additional 724,557 shares during the period. Institutional investors own 81.85% of the company’s stock.

Genworth Financial Trading Up 1.3 %

NYSE GNW opened at $6.65 on Friday. The stock has a market cap of $2.76 billion, a P/E ratio of 9.77 and a beta of 0.95. Genworth Financial, Inc. has a fifty-two week low of $5.84 and a fifty-two week high of $7.90. The stock has a 50 day simple moving average of $6.79 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 released its quarterly earnings results on Tuesday, February 18th. The financial services provider reported $0.04 earnings per share for the quarter, missing the consensus estimate 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 business posted ($0.51) EPS.

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.