Aigen Investment Management LP Sells 54,175 Shares of Genworth Financial, Inc. (NYSE:GNW)

Aigen Investment Management LP lessened its stake in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 81.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,652 shares of the financial services provider's stock after selling 54,175 shares during the quarter. Aigen Investment Management LP's holdings in Genworth Financial were worth $88,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Verition Fund Management LLC grew its position in shares of Genworth Financial by 900.7% during the 3rd quarter. Verition Fund Management LLC now owns 970,185 shares of the financial services provider's stock worth $6,646,000 after buying an additional 873,237 shares during the period. JPMorgan Chase & Co. grew its position in shares of Genworth Financial by 30.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,947,016 shares of the financial services provider's stock worth $13,337,000 after buying an additional 450,329 shares during the period. Jacobs Levy Equity Management Inc. grew its position in shares of Genworth Financial by 19.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,171,821 shares of the financial services provider's stock worth $14,877,000 after buying an additional 348,627 shares during the period. Barclays PLC grew its position in shares of Genworth Financial by 291.2% during the 3rd 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 during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Genworth Financial by 155.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 431,129 shares of the financial services provider's stock worth $2,953,000 after buying an additional 262,027 shares during the period. Institutional investors and hedge funds own 81.85% of the company's stock.

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Genworth Financial Stock Up 0.4 %

GNW traded up $0.03 during trading on Tuesday, reaching $6.50. The company had a trading volume of 6,505,260 shares, compared to its average volume of 2,982,145. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.29 and a quick ratio of 0.29. Genworth Financial, Inc. has a 12 month low of $5.67 and a 12 month high of $7.90. The business's fifty day moving average price is $6.98 and its 200 day moving average price is $7.04. The company has a market cap of $2.72 billion, a P/E ratio of 9.55 and a beta of 1.02.

Genworth Financial (NYSE:GNW - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The financial services provider reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates 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 firm posted ($0.51) earnings per share.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Genworth Financial from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th.

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.