Dynamic Technology Lab Private Ltd Increases Position in Genworth Financial, Inc. (NYSE:GNW)

Dynamic Technology Lab Private Ltd lifted its position in shares of Genworth Financial, Inc. (NYSE:GNW) by 639.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 230,983 shares of the financial services provider’s stock after buying an additional 199,750 shares during the quarter. Dynamic Technology Lab Private Ltd owned approximately 0.05% of Genworth Financial worth $1,615,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of GNW. Donald Smith & CO. Inc. lifted its holdings in shares of Genworth Financial by 3.7% in the fourth quarter. Donald Smith & CO. Inc. now owns 25,949,469 shares of the financial services provider’s stock worth $181,387,000 after buying an additional 934,175 shares in the last quarter. American Century Companies Inc. increased its holdings in Genworth Financial by 8.8% in the 4th quarter. American Century Companies Inc. now owns 7,220,342 shares of the financial services provider’s stock valued at $50,470,000 after acquiring an additional 582,147 shares during the last quarter. FMR LLC lifted its stake in Genworth Financial by 18.7% in the 3rd quarter. FMR LLC now owns 5,675,896 shares of the financial services provider’s stock worth $38,880,000 after purchasing an additional 894,053 shares in the last quarter. Prudential Financial Inc. boosted its holdings in shares of Genworth Financial by 70.2% during the 4th quarter. Prudential Financial Inc. now owns 5,567,978 shares of the financial services provider’s stock valued at $38,920,000 after purchasing an additional 2,296,538 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Genworth Financial by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,195,012 shares of the financial services provider’s stock valued at $36,313,000 after purchasing an additional 99,120 shares in the last quarter. Hedge funds and other institutional investors own 81.85% of the company’s stock.

Genworth Financial Trading Down 8.7 %

Shares of GNW stock opened at $6.49 on Friday. The stock’s 50-day moving average price is $6.99 and its 200-day moving average price is $7.06. Genworth Financial, Inc. has a 12-month low of $5.67 and a 12-month high of $7.90. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 9.54 and a beta of 1.02. 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 issued its quarterly earnings data 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). Genworth Financial had a return on equity of 2.96% and a net margin of 4.10%. The firm had revenue of $1.82 billion for the quarter. During the same quarter last year, the business earned ($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.