Genworth Financial, Inc. (NYSE:GNW) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE reduced its position in shares of Genworth Financial, Inc. (NYSE:GNW) by 11.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,130 shares of the financial services provider’s stock after selling 3,870 shares during the period. Congress Wealth Management LLC DE’s holdings in Genworth Financial were worth $218,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its position in Genworth Financial by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,095,892 shares of the financial services provider’s stock worth $34,907,000 after acquiring an additional 92,849 shares during the last quarter. Citigroup Inc. lifted its stake in shares of Genworth Financial by 50.7% during the 3rd quarter. Citigroup Inc. now owns 651,385 shares of the financial services provider’s stock worth $4,462,000 after purchasing an additional 219,224 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of Genworth Financial by 44.1% during the third quarter. Daiwa Securities Group Inc. now owns 50,000 shares of the financial services provider’s stock worth $343,000 after purchasing an additional 15,300 shares during the last quarter. FMR LLC grew its position in shares of 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 purchasing an additional 894,053 shares during the period. Finally, BNP Paribas Financial Markets grew its position in shares of Genworth Financial by 89.5% in the third quarter. BNP Paribas Financial Markets now owns 199,290 shares of the financial services provider’s stock valued at $1,365,000 after purchasing an additional 94,130 shares during the period. 81.85% of the stock is currently owned by hedge funds and other institutional investors.

Genworth Financial Stock Performance

NYSE GNW opened at $7.08 on Monday. The business’s 50-day moving average price is $6.99 and its 200 day moving average price is $7.05. 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, Inc. has a twelve month low of $5.67 and a twelve month high of $7.90. The company has a market capitalization of $2.96 billion, a PE ratio of 10.41 and a beta of 1.02.

Genworth Financial (NYSE:GNW) last released its earnings results on Tuesday, February 18th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.14). Genworth Financial had a return on equity of 2.96% and a net margin of 4.10%. The company had revenue of $1.82 billion during the quarter. During the same quarter in the previous year, the company earned ($0.51) earnings per share.

Genworth Financial 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.