Russell Investments Group Ltd. Sells 289,726 Shares of Genworth Financial, Inc. (NYSE:GNW)

Russell Investments Group Ltd. lessened its holdings in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) by 25.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 844,196 shares of the financial services provider's stock after selling 289,726 shares during the quarter. Russell Investments Group Ltd. owned about 0.20% of Genworth Financial worth $5,901,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of GNW. GAMMA Investing LLC boosted its holdings in Genworth Financial by 17.2% in the 4th quarter. GAMMA Investing LLC now owns 10,838 shares of the financial services provider's stock worth $76,000 after buying an additional 1,591 shares during the period. Savant Capital LLC lifted its position in shares of Genworth Financial by 11.9% during the fourth quarter. Savant Capital LLC now owns 17,155 shares of the financial services provider's stock worth $120,000 after acquiring an additional 1,830 shares in the last quarter. Factorial Partners LLC boosted its holdings in shares of Genworth Financial by 0.3% in the fourth quarter. Factorial Partners LLC now owns 622,000 shares of the financial services provider's stock worth $4,348,000 after acquiring an additional 2,000 shares during the period. CIBC Asset Management Inc grew its position in shares of Genworth Financial by 4.9% in the fourth quarter. CIBC Asset Management Inc now owns 43,219 shares of the financial services provider's stock valued at $302,000 after purchasing an additional 2,003 shares in the last quarter. Finally, HighTower Advisors LLC raised its stake in shares of Genworth Financial by 14.0% during 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 during the period. Hedge funds and other institutional investors own 81.85% of the company's stock.

Genworth Financial Price Performance

GNW traded up $0.09 during trading on Friday, reaching $6.65. 6,857,779 shares of the company were exchanged, compared to its average volume of 3,594,831. Genworth Financial, Inc. has a 12-month low of $5.84 and a 12-month high of $7.90. The company's 50-day moving average is $6.79 and its two-hundred day moving average is $7.03. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.16. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 9.77 and a beta of 0.95.

Genworth Financial (NYSE:GNW - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.14). Genworth Financial had a return on equity of 2.96% and a net margin of 4.10%. The firm had revenue of $1.82 billion during the quarter. During the same quarter last year, the firm posted ($0.51) earnings per share.

About Genworth Financial

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.