Geode Capital Management LLC Sells 48,505 Shares of Genworth Financial, Inc. (NYSE:GNW)

Geode Capital Management LLC reduced its position in Genworth Financial, Inc. (NYSE:GNW) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,929,453 shares of the financial services provider’s stock after selling 48,505 shares during the period. Geode Capital Management LLC owned approximately 2.33% of Genworth Financial worth $69,422,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of GNW. Xponance Inc. lifted its holdings in Genworth Financial by 9.5% during the fourth quarter. Xponance Inc. now owns 31,032 shares of the financial services provider’s stock worth $217,000 after acquiring an additional 2,693 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Genworth Financial by 30.1% during the third quarter. JPMorgan Chase & Co. now owns 1,947,016 shares of the financial services provider’s stock worth $13,337,000 after acquiring an additional 450,329 shares in the last quarter. Barclays PLC lifted its holdings in Genworth Financial by 291.2% during the 3rd quarter. Barclays PLC now owns 744,853 shares of the financial services provider’s stock worth $5,103,000 after purchasing an additional 554,462 shares in the last quarter. EMC Capital Management lifted its holdings in shares of Genworth Financial by 1,562.5% in the fourth quarter. EMC Capital Management now owns 37,771 shares of the financial services provider’s stock worth $264,000 after buying an additional 35,499 shares in the last quarter. Finally, New York State Teachers Retirement System lifted its stake in Genworth Financial by 2.5% in the 4th quarter. New York State Teachers Retirement System now owns 550,940 shares of the financial services provider’s stock worth $3,851,000 after purchasing an additional 13,633 shares in the last quarter. Institutional investors and hedge funds own 81.85% of the company’s stock.

Genworth Financial Price Performance

NYSE:GNW opened at $6.55 on Friday. The firm has a market capitalization of $2.72 billion, a price-to-earnings 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 stock has a fifty day moving average of $6.87 and a 200 day moving average of $7.04. Genworth Financial, Inc. has a 52-week low of $5.67 and a 52-week 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 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 company had revenue of $1.82 billion during the quarter. During the same quarter in the prior year, the company earned ($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.