Alliancebernstein L.P. Sells 260,190 Shares of Genworth Financial, Inc. (NYSE:GNW)

Alliancebernstein L.P. cut its position in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) by 21.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 954,342 shares of the financial services provider's stock after selling 260,190 shares during the quarter. Alliancebernstein L.P. owned approximately 0.22% of Genworth Financial worth $6,671,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Byrne Asset Management LLC increased its stake in shares of Genworth Financial by 148.9% in the fourth quarter. Byrne Asset Management LLC now owns 4,480 shares of the financial services provider's stock worth $31,000 after purchasing an additional 2,680 shares in the last quarter. Jones Financial Companies Lllp bought a new position in shares of Genworth Financial in the fourth quarter worth $41,000. Smartleaf Asset Management LLC raised its position in shares of Genworth Financial by 279.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 10,494 shares of the financial services provider's stock worth $73,000 after buying an additional 7,729 shares in the last quarter. GAMMA Investing LLC boosted its stake in Genworth Financial by 17.2% during the fourth quarter. GAMMA Investing LLC now owns 10,838 shares of the financial services provider's stock valued at $76,000 after buying an additional 1,591 shares during the period. Finally, Truist Financial Corp purchased a new position in Genworth Financial during the fourth quarter worth about $105,000. Hedge funds and other institutional investors own 81.85% of the company's stock.

Genworth Financial Price Performance

Shares of NYSE:GNW traded down $0.04 on Tuesday, hitting $6.64. The company's stock had a trading volume of 6,334,605 shares, compared to its average volume of 3,553,414. The company has a market capitalization of $2.76 billion, a PE ratio of 9.77 and a beta of 0.95. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.29 and a quick ratio of 0.29. The company has a 50-day simple moving average of $6.85 and a 200 day simple moving average of $7.04. Genworth Financial, Inc. has a 1 year low of $5.67 and a 1 year high of $7.90.

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Genworth Financial (NYSE:GNW - Get Free Report) last announced its earnings results 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). The company had revenue of $1.82 billion for the quarter. Genworth Financial had a net margin of 4.10% and a return on equity of 2.96%. During the same period 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.