Royce & Associates LP Cuts Holdings in Genworth Financial, Inc. (NYSE:GNW)

Royce & Associates LP trimmed its position in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 28.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 166,127 shares of the financial services provider's stock after selling 67,518 shares during the period. Royce & Associates LP's holdings in Genworth Financial were worth $1,161,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in GNW. Raymond James Financial Inc. bought a new stake in shares of Genworth Financial during the 4th quarter valued at $7,496,000. Repertoire Partners LP purchased a new stake in Genworth Financial in the third quarter worth about $6,850,000. Whitefort Capital Management LP increased its stake in shares of Genworth Financial by 49.6% during the third quarter. Whitefort Capital Management LP now owns 2,986,960 shares of the financial services provider's stock valued at $20,461,000 after purchasing an additional 990,000 shares in the last quarter. FMR LLC lifted its holdings in shares of Genworth Financial by 18.7% during the third quarter. FMR LLC now owns 5,675,896 shares of the financial services provider's stock valued at $38,880,000 after purchasing an additional 894,053 shares during the last quarter. Finally, Verition Fund Management LLC boosted its position in shares of Genworth Financial by 900.7% in the 3rd quarter. Verition Fund Management LLC now owns 970,185 shares of the financial services provider's stock worth $6,646,000 after purchasing an additional 873,237 shares in the last quarter. Institutional investors own 81.85% of the company's stock.

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Genworth Financial Stock Up 0.4 %

Shares of Genworth Financial stock traded up $0.03 during midday trading on Wednesday, hitting $7.16. The company had a trading volume of 3,117,274 shares, compared to its average volume of 3,077,956. The company has a 50 day moving average of $6.97 and a 200 day moving average of $7.04. The stock has a market capitalization of $3.00 billion, a P/E ratio of 10.52 and a beta of 1.02. Genworth Financial, Inc. has a 52-week low of $5.67 and a 52-week high of $7.90. 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 released its 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). The company had revenue of $1.82 billion during the quarter. Genworth Financial had a return on equity of 2.96% and a net margin of 4.10%. During the same quarter in the prior year, the company posted ($0.51) earnings per share.

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.