Corebridge Financial Inc. Sells 18,078 Shares of Genworth Financial, Inc. (NYSE:GNW)

Corebridge Financial Inc. cut its holdings in shares of Genworth Financial, Inc. (NYSE:GNW) by 7.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 229,095 shares of the financial services provider’s stock after selling 18,078 shares during the period. Corebridge Financial Inc. owned 0.05% of Genworth Financial worth $1,601,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of GNW. GAMMA Investing LLC lifted its holdings in Genworth Financial by 17.2% during the fourth quarter. GAMMA Investing LLC now owns 10,838 shares of the financial services provider’s stock worth $76,000 after buying an additional 1,591 shares during the period. Savant Capital LLC lifted its stake in shares of Genworth Financial by 11.9% during the 4th quarter. Savant Capital LLC now owns 17,155 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 1,830 shares during the last quarter. Factorial Partners LLC boosted its position in Genworth Financial by 0.3% during the fourth quarter. Factorial Partners LLC now owns 622,000 shares of the financial services provider’s stock valued at $4,348,000 after purchasing an additional 2,000 shares in the last quarter. CIBC Asset Management Inc grew its stake in Genworth Financial by 4.9% in the fourth quarter. CIBC Asset Management Inc now owns 43,219 shares of the financial services provider’s stock valued at $302,000 after purchasing an additional 2,003 shares during the last quarter. Finally, HighTower Advisors LLC raised its holdings in Genworth Financial by 14.0% in the fourth quarter. HighTower Advisors LLC now owns 17,590 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 2,154 shares in the last quarter. 81.85% of the stock is owned by hedge funds and other institutional investors.

Genworth Financial Stock Performance

GNW stock opened at $7.37 on Thursday. Genworth Financial, Inc. has a one year low of $5.67 and a one year high of $7.90. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 10.84 and a beta of 1.02. 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 firm has a 50-day simple moving average of $7.00 and a two-hundred day simple moving average of $7.06.

Genworth Financial (NYSE:GNW) last posted its 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 firm had revenue of $1.82 billion for the quarter. During the same period last year, the firm earned ($0.51) earnings per share.

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.