ExodusPoint Capital Management LP Sells 205,932 Shares of Genworth Financial, Inc. (NYSE:GNW)

ExodusPoint Capital Management LP lowered its position in Genworth Financial, Inc. (NYSE:GNW) by 29.6% during the 4th quarter, HoldingsChannel reports. The firm owned 489,000 shares of the financial services provider’s stock after selling 205,932 shares during the period. ExodusPoint Capital Management LP’s holdings in Genworth Financial were worth $3,418,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in GNW. Byrne Asset Management LLC increased its stake 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 worth $31,000 after acquiring an additional 2,680 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in shares of Genworth Financial during the fourth quarter worth about $41,000. Smartleaf Asset Management LLC increased its position in shares of Genworth Financial by 279.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 10,494 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 7,729 shares during the last quarter. GAMMA Investing LLC raised its stake in Genworth Financial by 17.2% in the fourth 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, Truist Financial Corp bought a new stake in Genworth Financial during the fourth quarter valued at approximately $105,000. Hedge funds and other institutional investors own 81.85% of the company’s stock.

Genworth Financial Price Performance

Shares of NYSE:GNW opened at $6.49 on Monday. The company’s fifty day moving average price is $6.99 and its 200-day moving average price is $7.06. 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 firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 9.54 and a beta of 0.95. Genworth Financial, Inc. has a one year low of $5.67 and a one year 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). Genworth Financial had a net margin of 4.10% and a return on equity of 2.96%. The firm had revenue of $1.82 billion for the quarter. During the same quarter last year, the firm earned ($0.51) EPS.

Genworth Financial 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.