The Manufacturers Life Insurance Company Has $1.56 Million Stake in Genworth Financial, Inc. (NYSE:GNW)

The Manufacturers Life Insurance Company trimmed its position in Genworth Financial, Inc. (NYSE:GNW) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 223,579 shares of the financial services provider’s stock after selling 8,359 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Genworth Financial were worth $1,563,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Donald Smith & CO. Inc. raised its stake in shares of Genworth Financial by 3.7% in the fourth quarter. Donald Smith & CO. Inc. now owns 25,949,469 shares of the financial services provider’s stock valued at $181,387,000 after purchasing an additional 934,175 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Genworth Financial by 8.8% in the fourth quarter. American Century Companies Inc. now owns 7,220,342 shares of the financial services provider’s stock valued at $50,470,000 after purchasing an additional 582,147 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of Genworth Financial by 70.2% in the fourth quarter. Prudential Financial Inc. now owns 5,567,978 shares of the financial services provider’s stock valued at $38,920,000 after purchasing an additional 2,296,538 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Genworth Financial by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,195,012 shares of the financial services provider’s stock valued at $36,313,000 after acquiring an additional 99,120 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Genworth Financial by 37.2% in the fourth quarter. JPMorgan Chase & Co. now owns 2,671,573 shares of the financial services provider’s stock valued at $18,674,000 after acquiring an additional 724,557 shares during the period. 81.85% of the stock is currently owned by institutional investors and hedge funds.

Genworth Financial Stock Performance

Shares of NYSE:GNW opened at $7.05 on Monday. The business’s fifty day moving average price is $6.77 and its two-hundred day moving average price is $7.01. Genworth Financial, Inc. has a fifty-two week low of $5.87 and a fifty-two week high of $7.90. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 10.37 and a beta of 0.99. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.29 and a quick ratio of 0.29.

Genworth Financial (NYSE:GNW) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.09). Genworth Financial had a net margin of 4.10% and a return on equity of 2.96%. The company had revenue of $1.76 billion during the quarter.

Genworth Financial Company 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.