Genworth Financial, Inc. (NYSE:GNW) Shares Sold by Comerica Bank

Comerica Bank cut its stake in shares of Genworth Financial, Inc. (NYSE:GNW) by 2.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 210,860 shares of the financial services provider’s stock after selling 5,351 shares during the period. Comerica Bank’s holdings in Genworth Financial were worth $1,474,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Prudential Financial Inc. raised its position 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 worth $38,920,000 after purchasing an additional 2,296,538 shares during the last quarter. Norges Bank purchased a new stake in Genworth Financial during the 4th quarter worth approximately $15,034,000. Raymond James Financial Inc. acquired a new position in shares of Genworth Financial during the fourth quarter valued at approximately $7,496,000. Donald Smith & CO. Inc. lifted its position in shares of Genworth Financial by 3.7% in the fourth quarter. Donald Smith & CO. Inc. now owns 25,949,469 shares of the financial services provider’s stock valued at $181,387,000 after acquiring an additional 934,175 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Genworth Financial by 18.1% in the fourth quarter. Northern Trust Corp now owns 6,025,178 shares of the financial services provider’s stock worth $42,116,000 after acquiring an additional 922,126 shares during the last quarter. 81.85% of the stock is owned by hedge funds and other institutional investors.

Genworth Financial Stock Up 0.4 %

NYSE GNW opened at $7.05 on Friday. The business has a fifty day moving average price of $6.77 and a 200 day moving average price of $7.01. 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 company has a market cap of $2.93 billion, a P/E ratio of 10.37 and a beta of 0.99. Genworth Financial, Inc. has a one year low of $5.87 and a one year high of $7.90.

Genworth Financial (NYSE:GNW) last issued its earnings results on Wednesday, April 30th. The financial services provider reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.09). The business had revenue of $1.76 billion during the quarter. Genworth Financial had a net margin of 4.10% and a return on equity of 2.96%.

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.