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

ExodusPoint Capital Management LP decreased its stake in Genworth Financial, Inc. (NYSE:GNW) by 29.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. 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 owned 0.11% of Genworth Financial worth $3,418,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Byrne Asset Management LLC raised its holdings in shares of 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 purchasing an additional 2,680 shares during the period. Jones Financial Companies Lllp purchased a new stake in Genworth Financial in the fourth quarter worth $41,000. Smartleaf Asset Management LLC raised its stake 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 valued at $73,000 after buying an additional 7,729 shares during the period. GAMMA Investing LLC lifted its position in shares of Genworth Financial by 17.2% during the 4th quarter. GAMMA Investing LLC now owns 10,838 shares of the financial services provider’s stock valued at $76,000 after buying an additional 1,591 shares during the last quarter. Finally, Truist Financial Corp bought a new position in shares of Genworth Financial during the 4th quarter worth $105,000. 81.85% of the stock is currently owned by hedge funds and other institutional investors.

Genworth Financial Trading Down 8.7 %

Shares of Genworth Financial stock opened at $6.49 on Monday. The stock has a market capitalization of $2.72 billion, a P/E ratio of 9.54 and a beta of 0.95. Genworth Financial, Inc. has a 52-week low of $5.67 and a 52-week high of $7.90. 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 stock’s 50-day simple moving average is $6.99 and its 200 day simple moving average is $7.06.

Genworth Financial (NYSE:GNW) last announced its quarterly earnings results on Tuesday, February 18th. The financial services provider reported $0.04 EPS 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 business had revenue of $1.82 billion for the quarter. During the same quarter in the prior year, the firm 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.