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

Royce & Associates LP lowered its holdings in shares of Genworth Financial, Inc. (NYSE:GNW) by 28.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 166,127 shares of the financial services provider’s stock after selling 67,518 shares during the quarter. 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 hedge funds also recently bought and sold shares of the business. Thompson Siegel & Walmsley LLC boosted its position in Genworth Financial by 7.9% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 123,320 shares of the financial services provider’s stock worth $862,000 after purchasing an additional 8,981 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Genworth Financial by 85.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 799,542 shares of the financial services provider’s stock worth $5,589,000 after purchasing an additional 368,413 shares in the last quarter. HighTower Advisors LLC boosted its position in Genworth Financial by 14.0% during the fourth quarter. HighTower Advisors LLC now owns 17,590 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 2,154 shares in the last quarter. Wealthfront Advisers LLC purchased a new position in shares of Genworth Financial in the fourth quarter valued at approximately $156,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Genworth Financial by 15.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 127,621 shares of the financial services provider’s stock valued at $892,000 after acquiring an additional 16,937 shares in the last quarter. Hedge funds and other institutional investors own 81.85% of the company’s stock.

Genworth Financial Stock Performance

NYSE GNW opened at $6.92 on Friday. The company has a market cap of $2.90 billion, a PE ratio of 10.17 and a beta of 1.02. The stock’s 50 day simple moving average is $6.95 and its 200-day simple moving average is $7.03. Genworth Financial, Inc. has a 1-year low of $5.67 and a 1-year high of $7.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.29 and a quick ratio of 0.29.

Genworth Financial (NYSE:GNW) last released its earnings results on Tuesday, February 18th. The financial services provider reported $0.04 earnings per share for the quarter, missing the consensus estimate 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 in the previous year, the business posted ($0.51) EPS.

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.