LSV Asset Management Reduces Position in Genworth Financial, Inc. (NYSE:GNW)

LSV Asset Management decreased its position in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) by 13.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,996,030 shares of the financial services provider's stock after selling 601,900 shares during the period. LSV Asset Management owned 0.94% of Genworth Financial worth $27,932,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC increased 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 valued at $76,000 after purchasing an additional 1,591 shares during the period. Savant Capital LLC increased its stake in Genworth Financial by 11.9% in the 4th quarter. Savant Capital LLC now owns 17,155 shares of the financial services provider's stock valued at $120,000 after buying an additional 1,830 shares during the period. Factorial Partners LLC raised its position in Genworth Financial by 0.3% during the 4th 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 last quarter. CIBC Asset Management Inc raised its holdings in Genworth Financial by 4.9% during the fourth quarter. CIBC Asset Management Inc now owns 43,219 shares of the financial services provider's stock worth $302,000 after purchasing an additional 2,003 shares in the last quarter. Finally, HighTower Advisors LLC lifted its position in Genworth Financial by 14.0% in the fourth quarter. HighTower Advisors LLC now owns 17,590 shares of the financial services provider's stock valued at $123,000 after purchasing an additional 2,154 shares during the period. 81.85% of the stock is currently owned by hedge funds and other institutional investors.

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Genworth Financial Price Performance

NYSE:GNW traded down $0.04 during trading hours on Tuesday, hitting $6.64. The company's stock had a trading volume of 6,334,605 shares, compared to its average volume of 3,554,360. The company has a market capitalization of $2.76 billion, a PE ratio of 9.77 and a beta of 0.95. Genworth Financial, Inc. has a 52-week low of $5.67 and a 52-week high of $7.90. The business's 50-day moving average is $6.85 and its two-hundred day moving average is $7.04. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.29 and a current ratio of 0.29.

Genworth Financial (NYSE:GNW - Get Free Report) last issued its earnings results on Tuesday, February 18th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.14). The company had revenue of $1.82 billion during 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 business 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.