Genworth Financial, Inc. (NYSE:GNW) Stock Position Reduced by Covestor Ltd

Covestor Ltd decreased its stake in Genworth Financial, Inc. (NYSE:GNW) by 15.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,062 shares of the financial services provider’s stock after selling 2,659 shares during the quarter. Covestor Ltd’s holdings in Genworth Financial were worth $106,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Donald Smith & CO. Inc. raised its holdings in shares of Genworth Financial by 3.7% during the fourth quarter. Donald Smith & CO. Inc. now owns 25,949,469 shares of the financial services provider’s stock worth $181,387,000 after acquiring an additional 934,175 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Genworth Financial by 8.8% during the 4th quarter. American Century Companies Inc. now owns 7,220,342 shares of the financial services provider’s stock worth $50,470,000 after purchasing an additional 582,147 shares in the last quarter. Prudential Financial Inc. lifted its holdings in shares of Genworth Financial by 70.2% during the 4th quarter. Prudential Financial Inc. now owns 5,567,978 shares of the financial services provider’s stock valued at $38,920,000 after buying an additional 2,296,538 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Genworth Financial by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,195,012 shares of the financial services provider’s stock valued at $36,313,000 after buying an additional 99,120 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Genworth Financial by 37.2% in the fourth quarter. JPMorgan Chase & Co. now owns 2,671,573 shares of the financial services provider’s stock worth $18,674,000 after buying an additional 724,557 shares during the last quarter. Institutional investors and hedge funds own 81.85% of the company’s stock.

Genworth Financial Price Performance

Shares of GNW opened at $6.55 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market cap of $2.72 billion, a PE ratio of 9.63 and a beta of 0.95. The firm’s 50 day moving average price is $6.87 and its 200 day moving average price is $7.04. Genworth Financial, Inc. has a twelve month low of $5.67 and a twelve month 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 business had revenue of $1.82 billion for 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 prior year, the company earned ($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.