SG Americas Securities LLC cut its stake in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 69.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,363 shares of the financial services provider's stock after selling 181,267 shares during the period. SG Americas Securities LLC's holdings in Genworth Financial were worth $537,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in GNW. State of Wyoming bought a new stake in Genworth Financial in the second quarter worth about $29,000. Prelude Capital Management LLC bought a new stake in shares of Genworth Financial in the 2nd quarter worth approximately $35,000. Nomura Holdings Inc. acquired a new stake in Genworth Financial during the second quarter valued at approximately $39,000. Private Advisor Group LLC bought a new stake in Genworth Financial during the first quarter worth approximately $40,000. Finally, Cipher Capital LP acquired a new position in Genworth Financial in the second quarter worth approximately $52,000. Institutional investors and hedge funds own 81.85% of the company's stock.
Genworth Financial Price Performance
Shares of NYSE GNW traded up $0.01 during trading on Friday, hitting $6.35. The company had a trading volume of 2,107,471 shares, compared to its average volume of 2,677,604. Genworth Financial, Inc. has a 52 week low of $4.51 and a 52 week high of $6.93. The business's 50-day moving average is $6.23 and its 200 day moving average is $6.16. The company has a market cap of $2.81 billion, a P/E ratio of -635,000.00 and a beta of 1.06. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.30 and a current ratio of 0.30.
Genworth Financial (NYSE:GNW - Get Free Report) last announced its earnings results on Wednesday, February 21st. The financial services provider reported ($0.51) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.70). Genworth Financial had a negative return on equity of 0.23% and a net margin of 0.21%. The company had revenue of $1.91 billion for the quarter. During the same quarter in the previous year, the business earned $0.35 earnings per share.
About Genworth Financial
(
Free Report)
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.
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