Sei Investments Co. Reduces Stock Position in Genworth Financial, Inc. (NYSE:GNW)

Sei Investments Co. reduced its holdings in shares of Genworth Financial, Inc. (NYSE:GNW) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,034,742 shares of the financial services provider’s stock after selling 13,980 shares during the quarter. Sei Investments Co. owned 0.24% of Genworth Financial worth $7,233,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Xponance Inc. raised its stake in Genworth Financial by 9.5% during the fourth quarter. Xponance Inc. now owns 31,032 shares of the financial services provider’s stock valued at $217,000 after buying an additional 2,693 shares in the last quarter. Verition Fund Management LLC boosted its position in Genworth Financial by 900.7% during the 3rd quarter. Verition Fund Management LLC now owns 970,185 shares of the financial services provider’s stock valued at $6,646,000 after purchasing an additional 873,237 shares during the period. JPMorgan Chase & Co. grew its stake in Genworth Financial by 30.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,947,016 shares of the financial services provider’s stock worth $13,337,000 after buying an additional 450,329 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in Genworth Financial by 19.1% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,171,821 shares of the financial services provider’s stock valued at $14,877,000 after buying an additional 348,627 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of Genworth Financial by 291.2% during the third quarter. Barclays PLC now owns 744,853 shares of the financial services provider’s stock valued at $5,103,000 after acquiring an additional 554,462 shares during the period. Institutional investors and hedge funds own 81.85% of the company’s stock.

Genworth Financial Stock Up 0.4 %

GNW stock opened at $7.10 on Tuesday. The stock has a market cap of $2.97 billion, a PE ratio of 10.44 and a beta of 1.02. The firm’s 50-day simple moving average is $6.99 and its 200 day simple moving average is $7.05. Genworth Financial, Inc. has a fifty-two week low of $5.67 and a fifty-two week high of $7.90. 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 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.14). The firm 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 prior year, the firm earned ($0.51) EPS.

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.