Commonwealth Equity Services LLC Sells 17,490 Shares of Genworth Financial, Inc. (NYSE:GNW)

Commonwealth Equity Services LLC lowered its position in shares of Genworth Financial, Inc. (NYSE:GNW) by 5.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 283,277 shares of the financial services provider’s stock after selling 17,490 shares during the period. Commonwealth Equity Services LLC owned about 0.07% of Genworth Financial worth $1,980,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GNW. Thompson Siegel & Walmsley LLC lifted its position in Genworth Financial by 7.9% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 123,320 shares of the financial services provider’s stock worth $862,000 after buying an additional 8,981 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Genworth Financial by 85.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 799,542 shares of the financial services provider’s stock valued at $5,589,000 after purchasing an additional 368,413 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of Genworth Financial by 14.0% in the 4th quarter. HighTower Advisors LLC now owns 17,590 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 2,154 shares in the last quarter. Wealthfront Advisers LLC bought a new position in shares of Genworth Financial during the 4th quarter valued at $156,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Genworth Financial by 15.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 127,621 shares of the financial services provider’s stock worth $892,000 after purchasing an additional 16,937 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 $7.25 on Friday. The company has a 50-day simple moving average of $6.98 and a two-hundred day simple moving average of $7.04. Genworth Financial, Inc. has a 12-month low of $5.67 and a 12-month high of $7.90. The firm has a market cap of $3.03 billion, a price-to-earnings ratio of 10.65 and a beta of 1.02. 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 issued its earnings results on Tuesday, February 18th. The financial services provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.14). The company had revenue of $1.82 billion for the quarter. Genworth Financial had a net margin of 4.10% and a return on equity of 2.96%. During the same period in the previous year, the company earned ($0.51) EPS.

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.