Objectivity Squared LLC Cuts Stock Position in Genworth Financial, Inc. (NYSE:GNW)

Objectivity Squared LLC decreased its holdings in shares of Genworth Financial, Inc. (NYSE:GNW) by 10.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,907 shares of the financial services provider’s stock after selling 2,293 shares during the quarter. Objectivity Squared LLC’s holdings in Genworth Financial were worth $131,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. FMR LLC boosted its position in shares of Genworth Financial by 18.7% during the third quarter. FMR LLC now owns 5,675,896 shares of the financial services provider’s stock valued at $38,880,000 after buying an additional 894,053 shares during the period. Charles Schwab Investment Management Inc. grew its position in Genworth Financial by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,195,012 shares of the financial services provider’s stock valued at $36,313,000 after acquiring an additional 99,120 shares during the last quarter. Whitefort Capital Management LP increased its stake in Genworth Financial by 49.6% in the third quarter. Whitefort Capital Management LP now owns 2,986,960 shares of the financial services provider’s stock worth $20,461,000 after purchasing an additional 990,000 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in shares of Genworth Financial by 19.1% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,171,821 shares of the financial services provider’s stock worth $14,877,000 after purchasing an additional 348,627 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Genworth Financial by 1.7% during the fourth quarter. Principal Financial Group Inc. now owns 2,071,155 shares of the financial services provider’s stock valued at $14,477,000 after purchasing an additional 34,548 shares during the period. Hedge funds and other institutional investors own 81.85% of the company’s stock.

Genworth Financial Stock Performance

Genworth Financial stock opened at $6.66 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market capitalization of $2.79 billion, a PE ratio of 9.79 and a beta of 1.02. The company has a 50 day moving average price of $6.99 and a 200-day moving average price of $7.05. Genworth Financial, Inc. has a fifty-two week low of $5.67 and a fifty-two week high of $7.90.

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 analysts’ consensus estimates of $0.18 by ($0.14). Genworth Financial had a net margin of 4.10% and a return on equity of 2.96%. The firm had revenue of $1.82 billion for the quarter. During the same period in the previous year, the business posted ($0.51) earnings per share.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Genworth Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th.

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.