Vanguard Group Inc. Has $317.95 Million Stock Position in Genworth Financial, Inc. (NYSE:GNW)

Vanguard Group Inc. lowered its position in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) by 1.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,257,500 shares of the financial services provider's stock after selling 723,778 shares during the period. Vanguard Group Inc. owned 12.03% of Genworth Financial worth $317,949,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of GNW. Norges Bank acquired a new position in shares of Genworth Financial during the fourth quarter worth $26,170,000. Dimensional Fund Advisors LP grew its stake in shares of Genworth Financial by 25.5% during the first quarter. Dimensional Fund Advisors LP now owns 12,752,890 shares of the financial services provider's stock worth $48,206,000 after purchasing an additional 2,590,196 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Genworth Financial by 54.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 5,686,816 shares of the financial services provider's stock worth $28,548,000 after purchasing an additional 1,996,297 shares in the last quarter. Allianz Asset Management GmbH grew its stake in shares of Genworth Financial by 48.8% during the first quarter. Allianz Asset Management GmbH now owns 5,060,606 shares of the financial services provider's stock worth $19,130,000 after purchasing an additional 1,660,004 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Genworth Financial by 61.9% in the second quarter. Goldman Sachs Group Inc. now owns 3,748,124 shares of the financial services provider's stock valued at $18,741,000 after acquiring an additional 1,432,431 shares during the last quarter. Institutional investors and hedge funds own 81.85% of the company's stock.

Genworth Financial Stock Performance

GNW traded up $0.02 on Thursday, reaching $6.43. The company had a trading volume of 2,749,292 shares, compared to its average volume of 2,709,814. Genworth Financial, Inc. has a 1 year low of $4.51 and a 1 year high of $6.93. The stock has a market capitalization of $2.84 billion, a PE ratio of -642,500.00 and a beta of 1.06. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.19. The stock has a 50-day moving average price of $6.22 and a 200-day moving average price of $6.14.

Genworth Financial (NYSE:GNW - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The financial services provider reported ($0.51) earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.70). Genworth Financial had a net margin of 0.21% and a negative return on equity of 0.23%. The company had revenue of $1.91 billion during the quarter. During the same period in the previous year, the business posted $0.35 earnings per share.

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.