Corient Private Wealth LLC Has $123,000 Stake in Genworth Financial, Inc. (NYSE:GNW)

Corient Private Wealth LLC reduced its holdings in Genworth Financial, Inc. (NYSE:GNW) by 10.0% in the 4th quarter, Holdings Channel reports. The fund owned 17,570 shares of the financial services provider’s stock after selling 1,954 shares during the quarter. Corient Private Wealth LLC’s holdings in Genworth Financial were worth $123,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Byrne Asset Management LLC boosted its stake in Genworth Financial by 148.9% in the 4th quarter. Byrne Asset Management LLC now owns 4,480 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 2,680 shares during the period. Jones Financial Companies Lllp bought a new stake in shares of Genworth Financial in the fourth quarter valued at about $41,000. Smartleaf Asset Management LLC lifted its holdings in shares of Genworth Financial by 279.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 10,494 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 7,729 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Genworth Financial by 17.2% during the fourth 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. Finally, Truist Financial Corp bought a new position in shares of Genworth Financial during the fourth quarter worth about $105,000. Institutional investors and hedge funds own 81.85% of the company’s stock.

Genworth Financial Stock Up 1.7 %

Genworth Financial stock opened at $7.37 on Thursday. 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 1-year low of $5.67 and a 1-year high of $7.90. The company has a fifty day simple moving average of $7.00 and a 200 day simple moving average of $7.06. The company has a market cap of $3.09 billion, a P/E ratio of 10.84 and a beta of 1.02.

Genworth Financial (NYSE:GNW) last announced its quarterly earnings data on Tuesday, February 18th. The financial services provider reported $0.04 EPS 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 during the quarter. During the same period in the previous year, the business posted ($0.51) earnings per share.

Genworth Financial Profile

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.