Russell Investments Group Ltd. Sells 289,726 Shares of Genworth Financial, Inc. (NYSE:GNW)

Russell Investments Group Ltd. reduced its stake in Genworth Financial, Inc. (NYSE:GNW) by 25.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 844,196 shares of the financial services provider’s stock after selling 289,726 shares during the period. Russell Investments Group Ltd. owned approximately 0.20% of Genworth Financial worth $5,901,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in GNW. Envestnet Asset Management Inc. grew its stake in Genworth Financial by 13.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 19,861 shares of the financial services provider’s stock valued at $139,000 after acquiring an additional 2,343 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC grew its position in shares of Genworth Financial by 20.3% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 42,906 shares of the financial services provider’s stock valued at $300,000 after purchasing an additional 7,248 shares in the last quarter. Dynamic Technology Lab Private Ltd increased its holdings in shares of Genworth Financial by 639.5% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 230,983 shares of the financial services provider’s stock worth $1,615,000 after purchasing an additional 199,750 shares during the period. Wells Fargo & Company MN raised its position in shares of Genworth Financial by 26.1% in the fourth quarter. Wells Fargo & Company MN now owns 266,198 shares of the financial services provider’s stock worth $1,861,000 after buying an additional 55,078 shares in the last quarter. Finally, Landscape Capital Management L.L.C. bought a new stake in Genworth Financial during the fourth quarter valued at $85,000. Institutional investors own 81.85% of the company’s stock.

Genworth Financial Stock Up 0.4 %

Shares of NYSE GNW opened at $6.55 on Monday. 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 12 month low of $5.67 and a 12 month high of $7.90. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 9.63 and a beta of 0.95. The business has a 50-day moving average of $6.87 and a 200-day moving average of $7.04.

Genworth Financial (NYSE:GNW) last posted its quarterly earnings data on Tuesday, February 18th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 prior 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.