Franklin Resources Inc. Sells 5,012 Shares of Genworth Financial, Inc. (NYSE:GNW)

Franklin Resources Inc. trimmed its position in shares of Genworth Financial, Inc. (NYSE:GNW) by 1.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 446,744 shares of the financial services provider’s stock after selling 5,012 shares during the quarter. Franklin Resources Inc.’s holdings in Genworth Financial were worth $3,123,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Byrne Asset Management LLC increased its holdings in Genworth Financial by 148.9% in the 4th quarter. Byrne Asset Management LLC now owns 4,480 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 2,680 shares during the last quarter. Jones Financial Companies Lllp bought a new position in shares of Genworth Financial in the fourth quarter worth $41,000. Smartleaf Asset Management LLC grew its position in shares of Genworth Financial by 279.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 10,494 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 7,729 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Genworth Financial by 17.2% during the 4th quarter. GAMMA Investing LLC now owns 10,838 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 1,591 shares during the period. Finally, Truist Financial Corp purchased a new stake in Genworth Financial during the 4th quarter worth about $105,000. 81.85% of the stock is owned by hedge funds and other institutional investors.

Genworth Financial Trading Up 0.4 %

Shares of GNW opened at $6.55 on Friday. The business’s 50-day moving average price is $6.87 and its 200-day moving average price is $7.04. 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, Inc. has a twelve month low of $5.67 and a twelve month high of $7.90. The stock has a market cap of $2.72 billion, a PE ratio of 9.63 and a beta of 0.95.

Genworth Financial (NYSE:GNW) last posted 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). The firm had revenue of $1.82 billion during the quarter. Genworth Financial had a return on equity of 2.96% and a net margin of 4.10%. During the same quarter in the previous year, the company earned ($0.51) EPS.

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.