Dimensional Fund Advisors LP Sells 691,894 Shares of Genworth Financial, Inc. (NYSE:GNW)

Dimensional Fund Advisors LP lessened its holdings in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,996,607 shares of the financial services provider's stock after selling 691,894 shares during the quarter. Dimensional Fund Advisors LP owned 6.79% of Genworth Financial worth $202,685,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Prudential Financial Inc. boosted its stake in shares of Genworth Financial by 70.2% in the 4th 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. Norges Bank bought a new position in Genworth Financial in the 4th quarter valued at approximately $15,034,000. Raymond James Financial Inc. bought a new position in Genworth Financial in the 4th quarter valued at approximately $7,496,000. Donald Smith & CO. Inc. boosted its position in 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 buying an additional 934,175 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Genworth Financial by 37.2% during the fourth quarter. JPMorgan Chase & Co. now owns 2,671,573 shares of the financial services provider's stock worth $18,674,000 after buying an additional 724,557 shares during the last quarter. Institutional investors own 81.85% of the company's stock.

Genworth Financial Price Performance

Shares of GNW traded up $0.03 during trading hours on Monday, reaching $6.76. The stock had a trading volume of 1,638,256 shares, compared to its average volume of 3,663,884. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.29 and a current ratio of 0.29. Genworth Financial, Inc. has a 12 month low of $5.87 and a 12 month high of $7.90. The stock has a market capitalization of $2.81 billion, a PE ratio of 9.93 and a beta of 0.95. The company's 50-day moving average is $6.73 and its two-hundred day moving average is $7.02.

Genworth Financial (NYSE:GNW - Get Free Report) last posted its 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 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.