Genworth Financial, Inc. (NYSE:GNW) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund reduced its position in shares of Genworth Financial, Inc. (NYSE:GNW) by 0.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 241,469 shares of the financial services provider’s stock after selling 1,649 shares during the period. Illinois Municipal Retirement Fund’s holdings in Genworth Financial were worth $1,688,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Harbor Capital Advisors Inc. bought a new position in Genworth Financial during the third quarter valued at about $30,000. Byrne Asset Management LLC lifted its holdings in Genworth Financial by 148.9% in the 4th quarter. Byrne Asset Management LLC now owns 4,480 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 2,680 shares during the last quarter. LMR Partners LLP acquired a new stake in Genworth Financial in the 3rd quarter valued at about $73,000. GAMMA Investing LLC boosted its position in shares of Genworth Financial by 17.2% during the 4th 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 in the last quarter. Finally, Atlas Wealth LLC acquired a new position in shares of Genworth Financial in the 3rd quarter worth approximately $91,000. 81.85% of the stock is currently owned by institutional investors and hedge funds.

Genworth Financial Stock Performance

GNW opened at $6.95 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.16. The firm has a market cap of $2.97 billion, a PE ratio of 10.22 and a beta of 1.00. The business has a fifty day simple moving average of $7.03 and a 200-day simple moving average of $7.04. Genworth Financial, Inc. has a fifty-two week low of $5.67 and a fifty-two week high of $7.90.

Genworth Financial (NYSE:GNW) last released its quarterly earnings results 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 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 last year, the business earned ($0.51) EPS.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Genworth Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th.

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.