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

Illinois Municipal Retirement Fund lowered its holdings in Genworth Financial, Inc. (NYSE:GNW) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 241,469 shares of the financial services provider’s stock after selling 1,649 shares during the period. Illinois Municipal Retirement Fund owned about 0.06% of Genworth Financial worth $1,688,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Navellier & Associates Inc. boosted its position in Genworth Financial by 11.3% during the 4th quarter. Navellier & Associates Inc. now owns 27,472 shares of the financial services provider’s stock valued at $192,000 after purchasing an additional 2,785 shares during the period. Ieq Capital LLC bought a new stake in Genworth Financial in the fourth quarter valued at $142,000. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Genworth Financial in the fourth quarter valued at $122,000. Truist Financial Corp acquired a new position in shares of Genworth Financial during the fourth quarter valued at $105,000. Finally, CIBC Asset Management Inc grew its position in shares of Genworth Financial by 4.9% during the fourth quarter. CIBC Asset Management Inc now owns 43,219 shares of the financial services provider’s stock worth $302,000 after acquiring an additional 2,003 shares during the last quarter. 81.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Genworth Financial Stock Performance

Shares of GNW stock opened at $6.95 on Friday. Genworth Financial, Inc. has a 12-month low of $5.67 and a 12-month 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. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 10.22 and a beta of 1.00. The business has a 50 day simple moving average of $7.03 and a 200 day simple moving average of $7.04.

Genworth Financial (NYSE:GNW) last released its quarterly earnings results on Tuesday, February 18th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.14). Genworth Financial had a return on equity of 2.96% and a net margin of 4.10%. The business had revenue of $1.82 billion during the quarter. During the same period last year, the firm posted ($0.51) earnings per share.

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.