Vanguard Group Inc. Sells 723,778 Shares of Genworth Financial, Inc. (NYSE:GNW)

Vanguard Group Inc. trimmed its stake in Genworth Financial, Inc. (NYSE:GNW) by 1.3% during the third quarter, according to its most recent 13F filing with the SEC. 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 reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund bought a new position in Genworth Financial in the 3rd quarter worth approximately $1,666,000. AQR Capital Management LLC boosted its stake in Genworth Financial by 14.2% in the third quarter. AQR Capital Management LLC now owns 1,752,247 shares of the financial services provider’s stock worth $10,268,000 after purchasing an additional 217,556 shares in the last quarter. Invesco Ltd. raised its position in shares of Genworth Financial by 7.2% during the third quarter. Invesco Ltd. now owns 5,234,864 shares of the financial services provider’s stock worth $30,676,000 after acquiring an additional 350,729 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in Genworth Financial by 361.4% in the third quarter. Exchange Traded Concepts LLC now owns 160,914 shares of the financial services provider’s stock valued at $943,000 after purchasing an additional 126,037 shares during the last quarter. Finally, Natixis Advisors L.P. increased its holdings in Genworth Financial by 19.6% in the third quarter. Natixis Advisors L.P. now owns 109,863 shares of the financial services provider’s stock valued at $644,000 after purchasing an additional 18,025 shares during the last quarter. 81.85% of the stock is owned by institutional investors.

Genworth Financial Trading Up 2.2 %

NYSE GNW opened at $6.41 on Thursday. The stock has a 50-day simple moving average of $6.21 and a 200 day simple moving average of $6.14. The company has a market capitalization of $2.83 billion, a PE ratio of -640,500.00 and a beta of 1.06. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.19. Genworth Financial, Inc. has a 12 month low of $4.51 and a 12 month high of $6.93.

Genworth Financial (NYSE:GNW) last released its quarterly earnings results on Wednesday, February 21st. The financial services provider reported ($0.51) EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.70). The business had revenue of $1.91 billion for the quarter. Genworth Financial had a negative return on equity of 0.23% and a net margin of 0.21%. During the same quarter in the prior year, the company posted $0.35 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.