Vanguard Group Inc. Sells 186,054 Shares of Genworth Financial, Inc. (NYSE:GNW)

Vanguard Group Inc. reduced its position in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 0.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,896,816 shares of the financial services provider's stock after selling 186,054 shares during the period. Vanguard Group Inc. owned about 11.45% of Genworth Financial worth $341,789,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC increased its holdings in Genworth Financial by 18.7% in the third quarter. FMR LLC now owns 5,675,896 shares of the financial services provider's stock worth $38,880,000 after buying an additional 894,053 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Genworth Financial by 89.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 199,290 shares of the financial services provider's stock worth $1,365,000 after purchasing an additional 94,130 shares during the last quarter. Paloma Partners Management Co raised its holdings in shares of Genworth Financial by 63.7% during the 3rd quarter. Paloma Partners Management Co now owns 63,853 shares of the financial services provider's stock valued at $437,000 after purchasing an additional 24,842 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings 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 valued at $14,877,000 after purchasing an additional 348,627 shares in the last quarter. Finally, Repertoire Partners LP bought a new stake in Genworth Financial in the third quarter worth $6,850,000. 81.85% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Genworth Financial Stock Down 0.6 %

Genworth Financial stock traded down $0.04 during mid-day trading on Tuesday, hitting $6.12. 8,750,326 shares of the company's stock were exchanged, compared to its average volume of 3,450,061. Genworth Financial, Inc. has a 1-year low of $5.67 and a 1-year high of $7.90. The stock has a 50 day moving average of $6.92 and a two-hundred day moving average of $7.04. The stock has a market cap of $2.56 billion, a P/E ratio of 8.99 and a beta of 0.95. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.16.

Genworth Financial (NYSE:GNW - Get Free Report) last issued its quarterly earnings data 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). 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 for the quarter. During the same quarter last year, the company 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.