Rhumbline Advisers Lowers Holdings in Genworth Financial, Inc. (NYSE:GNW)

Rhumbline Advisers reduced its stake in shares of Genworth Financial, Inc. (NYSE:GNW) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,338,337 shares of the financial services provider’s stock after selling 18,826 shares during the period. Rhumbline Advisers owned 0.31% of Genworth Financial worth $9,355,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of GNW. Repertoire Partners LP purchased a new position in Genworth Financial during the third quarter worth approximately $6,850,000. Whitefort Capital Management LP increased its holdings in shares of Genworth Financial by 49.6% during the 3rd quarter. Whitefort Capital Management LP now owns 2,986,960 shares of the financial services provider’s stock worth $20,461,000 after buying an additional 990,000 shares during the last quarter. Donald Smith & CO. Inc. raised its position in shares of Genworth Financial by 3.7% in the 3rd quarter. Donald Smith & CO. Inc. now owns 25,015,294 shares of the financial services provider’s stock worth $171,355,000 after buying an additional 901,485 shares during the period. FMR LLC boosted its holdings in Genworth Financial by 18.7% in the third quarter. FMR LLC now owns 5,675,896 shares of the financial services provider’s stock valued at $38,880,000 after acquiring an additional 894,053 shares during the last quarter. Finally, Verition Fund Management LLC grew its position in Genworth Financial by 900.7% during the third quarter. Verition Fund Management LLC now owns 970,185 shares of the financial services provider’s stock valued at $6,646,000 after acquiring an additional 873,237 shares during the period. 81.85% of the stock is owned by institutional investors and hedge funds.

Genworth Financial Price Performance

GNW opened at $6.58 on Tuesday. Genworth Financial, Inc. has a 52-week low of $5.67 and a 52-week high of $7.90. The company has a 50 day moving average of $7.05 and a two-hundred day moving average of $7.04. The company has a market cap of $2.81 billion, a P/E ratio of 9.67 and a beta of 1.00. 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 (NYSE:GNW) last announced 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). Genworth Financial had a return on equity of 2.96% and a net margin of 4.10%. The business had revenue of $1.82 billion for the quarter. During the same period last year, the business posted ($0.51) earnings per share.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Genworth Financial from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th.

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.