Cetera Investment Advisers trimmed its position in Genworth Financial Inc (NYSE:GNW) by 44.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 50,038 shares of the financial services provider’s stock after selling 40,641 shares during the period. Cetera Investment Advisers’ holdings in Genworth Financial were worth $166,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Genworth Financial in the first quarter valued at approximately $27,000. Quantbot Technologies LP acquired a new position in Genworth Financial in the 4th quarter valued at $32,000. Sugarloaf Wealth Management LLC acquired a new position in Genworth Financial in the 4th quarter valued at $46,000. Wetherby Asset Management Inc. acquired a new position in Genworth Financial in the 1st quarter valued at $47,000. Finally, Sullivan Bruyette Speros & Blaney LLC purchased a new position in Genworth Financial in the 1st quarter valued at $51,000. Institutional investors own 71.71% of the company’s stock.
A number of brokerages have recently commented on GNW. BTIG Research reiterated a “hold” rating on shares of Genworth Financial in a research report on Tuesday, March 24th. ValuEngine cut shares of Genworth Financial from a “sell” rating to a “strong sell” rating in a research note on Tuesday, March 3rd.
Shares of Genworth Financial stock opened at $3.17 on Friday. Genworth Financial Inc has a one year low of $2.50 and a one year high of $4.93. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 4.42 and a beta of 1.33. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.27 and a current ratio of 0.27. The business’s 50 day moving average price is $3.25 and its 200 day moving average price is $3.93.
Genworth Financial (NYSE:GNW) last issued its earnings results on Tuesday, May 5th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.18). Genworth Financial had a net margin of 1.28% and a return on equity of 2.51%. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter in the previous year, the company earned $0.19 earnings per share. The firm’s quarterly revenue was down 9.8% compared to the same quarter last year.
Genworth Financial Company Profile
Genworth Financial, Inc provides insurance and homeownership solutions in the United States and internationally. It operates through five segments: U.S. Mortgage Insurance, Canada Mortgage Insurance, Australia Mortgage Insurance, U.S. Life Insurance, and Runoff. The U.S. Mortgage Insurance segment offers mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans.
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