Genworth Financial, Inc. (NYSE:GNW) Stake Lessened by Covestor Ltd

Covestor Ltd lessened its stake in shares of Genworth Financial, Inc. (NYSE:GNW) by 15.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in Genworth Financial by 17.2% in the 4th quarter. GAMMA Investing LLC now owns 10,838 shares of the financial services provider’s stock valued at $76,000 after acquiring an additional 1,591 shares during the last quarter. Savant Capital LLC raised its holdings in shares of Genworth Financial by 11.9% in the 4th quarter. Savant Capital LLC now owns 17,155 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 1,830 shares in the last quarter. Factorial Partners LLC lifted its stake in Genworth Financial by 0.3% during the fourth quarter. Factorial Partners LLC now owns 622,000 shares of the financial services provider’s stock valued at $4,348,000 after purchasing an additional 2,000 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in 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 buying an additional 2,003 shares in the last quarter. Finally, HighTower Advisors LLC grew its position in Genworth Financial by 14.0% in the fourth quarter. HighTower Advisors LLC now owns 17,590 shares of the financial services provider’s stock worth $123,000 after buying an additional 2,154 shares during the last quarter. Institutional investors own 81.85% of the company’s stock.

Genworth Financial Price Performance

NYSE GNW opened at $6.55 on Friday. The stock has a market capitalization of $2.72 billion, a P/E ratio of 9.63 and a beta of 0.95. 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 business’s fifty day moving average is $6.87 and its two-hundred day moving average is $7.04. Genworth Financial, Inc. has a 1 year low of $5.67 and a 1 year high of $7.90.

Genworth Financial (NYSE:GNW) last announced its earnings results on Tuesday, February 18th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.14). Genworth Financial had a return on equity of 2.96% and a net margin of 4.10%. The company had revenue of $1.82 billion for the quarter. During the same quarter in the previous year, the business earned ($0.51) earnings per share.

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.