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

Arrowstreet Capital Limited Partnership lowered its position in Genworth Financial, Inc. (NYSE:GNW) by 36.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,249,013 shares of the financial services provider’s stock after selling 1,302,230 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Genworth Financial were worth $15,721,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Genworth Financial in the 4th quarter valued at approximately $15,034,000. JPMorgan Chase & Co. grew its position in Genworth Financial by 37.2% in the fourth quarter. JPMorgan Chase & Co. now owns 2,671,573 shares of the financial services provider’s stock worth $18,674,000 after acquiring an additional 724,557 shares during the period. WINTON GROUP Ltd increased its stake in Genworth Financial by 3.3% during the fourth quarter. WINTON GROUP Ltd now owns 158,557 shares of the financial services provider’s stock worth $1,108,000 after acquiring an additional 5,082 shares during the last quarter. Bay Capital Advisors LLC purchased a new stake in Genworth Financial in the fourth quarter valued at $126,000. Finally, Prudential Financial Inc. raised its position in Genworth Financial by 70.2% in the fourth quarter. Prudential Financial Inc. now owns 5,567,978 shares of the financial services provider’s stock valued at $38,920,000 after purchasing an additional 2,296,538 shares during the period. 81.85% of the stock is currently owned by institutional investors and hedge funds.

Genworth Financial Stock Performance

NYSE GNW opened at $6.49 on Friday. The stock has a fifty day simple moving average of $6.99 and a 200-day simple moving average of $7.06. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.16. The stock has a market cap of $2.72 billion, a PE ratio of 9.54 and a beta of 1.02. Genworth Financial, Inc. has a twelve month low of $5.67 and a twelve month 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 the consensus estimate of $0.18 by ($0.14). The company 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 period in the previous year, the business posted ($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.