Genworth Financial, Inc. (NYSE:GNW) Shares Sold by Denali Advisors LLC

Denali Advisors LLC cut its holdings in shares of Genworth Financial, Inc. (NYSE:GNW) by 4.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 662,500 shares of the financial services provider’s stock after selling 28,200 shares during the quarter. Denali Advisors LLC’s holdings in Genworth Financial were worth $4,631,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Donald Smith & CO. Inc. increased its position in shares of Genworth Financial by 3.7% during the third quarter. Donald Smith & CO. Inc. now owns 25,015,294 shares of the financial services provider’s stock worth $171,355,000 after acquiring an additional 901,485 shares during the period. River Road Asset Management LLC grew its stake in Genworth Financial by 0.8% during the 3rd quarter. River Road Asset Management LLC now owns 17,391,968 shares of the financial services provider’s stock worth $119,135,000 after purchasing an additional 131,634 shares in the last quarter. FMR LLC increased its holdings in Genworth Financial by 18.7% during the 3rd quarter. FMR LLC now owns 5,675,896 shares of the financial services provider’s stock worth $38,880,000 after purchasing an additional 894,053 shares during the period. Charles Schwab Investment Management Inc. raised its position in Genworth Financial by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,095,892 shares of the financial services provider’s stock valued at $34,907,000 after purchasing an additional 92,849 shares in the last quarter. Finally, Whitefort Capital Management LP boosted its stake in shares of 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 buying an additional 990,000 shares during the period. 81.85% of the stock is currently owned by institutional investors and hedge funds.

Genworth Financial Price Performance

Shares of GNW opened at $6.58 on Wednesday. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 9.67 and a beta of 1.00. The firm’s fifty day simple moving average is $7.05 and its 200-day simple moving average is $7.04. Genworth Financial, Inc. has a twelve month low of $5.67 and a twelve month high of $7.90. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.16.

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 the consensus estimate of $0.18 by ($0.14). The business had revenue of $1.82 billion during the quarter. Genworth Financial had a net margin of 4.10% and a return on equity of 2.96%. During the same quarter in the previous year, the business earned ($0.51) earnings per share.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Genworth Financial from a “buy” rating to a “hold” rating in a research note 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.