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

Dynamic Technology Lab Private Ltd increased its position in shares of Genworth Financial, Inc. (NYSE:GNW) by 639.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 230,983 shares of the financial services provider’s stock after purchasing an additional 199,750 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Genworth Financial were worth $1,615,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Genworth Financial by 17.2% in the fourth quarter. GAMMA Investing LLC now owns 10,838 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 1,591 shares during the last quarter. Savant Capital LLC raised its holdings in shares of Genworth Financial by 11.9% in the fourth quarter. Savant Capital LLC now owns 17,155 shares of the financial services provider’s stock worth $120,000 after buying an additional 1,830 shares during the period. Factorial Partners LLC raised its holdings in shares of Genworth Financial by 0.3% in the fourth quarter. Factorial Partners LLC now owns 622,000 shares of the financial services provider’s stock worth $4,348,000 after buying an additional 2,000 shares during the period. CIBC Asset Management Inc lifted its stake in shares of Genworth Financial by 4.9% during the 4th quarter. CIBC Asset Management Inc now owns 43,219 shares of the financial services provider’s stock worth $302,000 after acquiring an additional 2,003 shares during the last quarter. Finally, HighTower Advisors LLC boosted its holdings in Genworth Financial by 14.0% during the 4th quarter. HighTower Advisors LLC now owns 17,590 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 2,154 shares during the period. 81.85% of the stock is currently owned by institutional investors.

Genworth Financial Stock Performance

GNW stock opened at $6.49 on Friday. Genworth Financial, Inc. has a twelve month low of $5.67 and a twelve month high of $7.90. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 9.54 and a beta of 1.02. The business’s fifty day simple moving average is $6.99 and its two-hundred 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.

Genworth Financial (NYSE:GNW) last posted its quarterly earnings results on Tuesday, February 18th. The financial services provider reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.14). Genworth Financial had a return on equity of 2.96% and a net margin of 4.10%. The company had revenue of $1.82 billion during the quarter. During the same quarter in the previous year, the firm posted ($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.