Maryland State Retirement & Pension System Lowers Stock Position in Genworth Financial, Inc. (NYSE:GNW)

Maryland State Retirement & Pension System trimmed its holdings in shares of Genworth Financial, Inc. (NYSE:GNW) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 143,807 shares of the financial services provider’s stock after selling 2,085 shares during the period. Maryland State Retirement & Pension System’s holdings in Genworth Financial were worth $1,005,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of GNW. Hancock Whitney Corp raised its position in Genworth Financial by 1.0% in the third quarter. Hancock Whitney Corp now owns 135,327 shares of the financial services provider’s stock worth $927,000 after acquiring an additional 1,387 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Genworth Financial by 17.2% in the 4th quarter. GAMMA Investing LLC now owns 10,838 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 1,591 shares in the last quarter. Savant Capital LLC lifted its stake in shares of Genworth Financial by 11.9% in the fourth quarter. Savant Capital LLC now owns 17,155 shares of the financial services provider’s stock valued at $120,000 after purchasing an additional 1,830 shares during the period. Factorial Partners LLC boosted its holdings in Genworth Financial by 0.3% during the fourth quarter. Factorial Partners LLC now owns 622,000 shares of the financial services provider’s stock worth $4,348,000 after buying an additional 2,000 shares in the last quarter. Finally, CIBC Asset Management Inc grew its position in Genworth Financial by 4.9% during the fourth quarter. CIBC Asset Management Inc now owns 43,219 shares of the financial services provider’s stock worth $302,000 after buying an additional 2,003 shares during the period. 81.85% of the stock is owned by institutional investors and hedge funds.

Genworth Financial Trading Down 1.8 %

Shares of Genworth Financial stock opened at $6.92 on Monday. The company has a 50-day moving average of $6.95 and a two-hundred day moving average of $7.03. The stock has a market cap of $2.90 billion, a PE ratio of 10.17 and a beta of 1.02. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.16. Genworth Financial, Inc. has a 12-month low of $5.67 and a 12-month high of $7.90.

Genworth Financial (NYSE:GNW) last issued its quarterly earnings data on Tuesday, February 18th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.14). The firm had revenue of $1.82 billion for the quarter. Genworth Financial had a return on equity of 2.96% and a net margin of 4.10%. During the same period in the previous year, the company 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.