Mitsubishi UFJ Trust & Banking Corp Cuts Holdings in Genworth Financial, Inc. (NYSE:GNW)

Mitsubishi UFJ Trust & Banking Corp cut its holdings in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) by 19.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 622,220 shares of the financial services provider's stock after selling 146,366 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.15% of Genworth Financial worth $4,349,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Xponance Inc. grew its position in Genworth Financial by 9.5% during the 4th quarter. Xponance Inc. now owns 31,032 shares of the financial services provider's stock worth $217,000 after purchasing an additional 2,693 shares during the last quarter. Verition Fund Management LLC boosted its stake in shares of Genworth Financial by 900.7% during the third 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 holdings in shares of Genworth Financial by 30.1% during the third 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 last quarter. Jacobs Levy Equity Management Inc. increased its position in Genworth Financial by 19.1% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,171,821 shares of the financial services provider's stock valued at $14,877,000 after acquiring an additional 348,627 shares during the period. Finally, Barclays PLC raised its stake in Genworth Financial by 291.2% during the 3rd quarter. Barclays PLC now owns 744,853 shares of the financial services provider's stock valued at $5,103,000 after acquiring an additional 554,462 shares during the last quarter. 81.85% of the stock is owned by institutional investors and hedge funds.

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Genworth Financial Stock Performance

Shares of GNW stock traded down $0.62 during midday trading on Friday, hitting $6.49. The company had a trading volume of 10,452,812 shares, compared to its average volume of 3,401,466. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 9.54 and a beta of 1.02. 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's 50 day simple moving average is $6.99 and its 200 day simple moving average is $7.06. Genworth Financial, Inc. has a 52-week low of $5.67 and a 52-week high of $7.90.

Genworth Financial (NYSE:GNW - Get Free Report) last posted its quarterly earnings data 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). The firm 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 quarter last year, the business 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.