Genworth Financial, Inc. (NYSE:GNW) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. boosted its position in shares of Genworth Financial, Inc. (NYSE:GNW) by 8.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,220,342 shares of the financial services provider’s stock after buying an additional 582,147 shares during the quarter. American Century Companies Inc.’s holdings in Genworth Financial were worth $50,470,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Verition Fund Management LLC lifted its holdings in Genworth Financial by 900.7% in the 3rd quarter. Verition Fund Management LLC now owns 970,185 shares of the financial services provider’s stock valued at $6,646,000 after acquiring an additional 873,237 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Genworth Financial by 30.1% during the third quarter. JPMorgan Chase & Co. now owns 1,947,016 shares of the financial services provider’s stock valued at $13,337,000 after purchasing an additional 450,329 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in Genworth Financial by 19.1% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,171,821 shares of the financial services provider’s stock valued at $14,877,000 after purchasing an additional 348,627 shares during the last quarter. Barclays PLC boosted its holdings in Genworth Financial by 291.2% during the third quarter. Barclays PLC now owns 744,853 shares of the financial services provider’s stock worth $5,103,000 after buying an additional 554,462 shares in the last quarter. Finally, Repertoire Partners LP acquired a new position in Genworth Financial in the third quarter worth approximately $6,850,000. 81.85% of the stock is owned by institutional investors and hedge funds.

Genworth Financial Price Performance

Shares of NYSE:GNW opened at $7.16 on Thursday. The company has a market capitalization of $3.00 billion, a PE ratio of 10.52 and a beta of 1.02. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a fifty day moving average of $6.98 and a 200-day moving average of $7.04. Genworth Financial, Inc. has a one year low of $5.67 and a one year high of $7.90.

Genworth Financial (NYSE:GNW) last announced its earnings results on Tuesday, February 18th. The financial services provider reported $0.04 EPS 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 for the quarter. During the same period last year, the company posted ($0.51) earnings per share.

About Genworth Financial

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.