Genworth Financial, Inc. (NYSE:GNW) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership trimmed its stake in shares of Genworth Financial, Inc. (NYSE:GNW) by 36.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,249,013 shares of the financial services provider’s stock after selling 1,302,230 shares during the period. Arrowstreet Capital Limited Partnership owned 0.53% of Genworth Financial worth $15,721,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Prudential Financial Inc. boosted its holdings in Genworth Financial by 70.2% in the 4th quarter. Prudential Financial Inc. now owns 5,567,978 shares of the financial services provider’s stock worth $38,920,000 after buying an additional 2,296,538 shares during the last quarter. Norges Bank acquired a new stake in shares of Genworth Financial in the fourth quarter worth approximately $15,034,000. Raymond James Financial Inc. purchased a new stake in shares of Genworth Financial during the fourth quarter worth approximately $7,496,000. Whitefort Capital Management LP raised its stake in Genworth Financial by 49.6% in the 3rd quarter. Whitefort Capital Management LP now owns 2,986,960 shares of the financial services provider’s stock valued at $20,461,000 after purchasing an additional 990,000 shares during the last quarter. Finally, FMR LLC lifted its holdings in Genworth Financial by 18.7% in the 3rd quarter. FMR LLC now owns 5,675,896 shares of the financial services provider’s stock valued at $38,880,000 after purchasing an additional 894,053 shares in the last quarter. Hedge funds and other institutional investors own 81.85% of the company’s stock.

Genworth Financial Trading Down 8.7 %

Shares of GNW opened at $6.49 on Friday. The firm’s fifty day moving average is $6.99 and its two-hundred day moving average is $7.06. The stock has a market cap of $2.72 billion, a PE ratio of 9.54 and a beta of 1.02. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.16. Genworth Financial, Inc. has a 52-week low of $5.67 and a 52-week high of $7.90.

Genworth Financial (NYSE:GNW) last posted 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 return on equity of 2.96% and a net margin of 4.10%. During the same quarter in the previous year, the firm earned ($0.51) EPS.

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.