Comerica Bank Reduces Stock Holdings in Genworth Financial, Inc. (NYSE:GNW)

Comerica Bank reduced its position in shares of Genworth Financial, Inc. (NYSE:GNW) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 210,860 shares of the financial services provider’s stock after selling 5,351 shares during the period. Comerica Bank’s holdings in Genworth Financial were worth $1,474,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC increased its holdings in shares of Genworth Financial by 291.2% during the 3rd quarter. Barclays PLC now owns 744,853 shares of the financial services provider’s stock worth $5,103,000 after buying an additional 554,462 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Genworth Financial by 30.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,947,016 shares of the financial services provider’s stock valued at $13,337,000 after purchasing an additional 450,329 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Genworth Financial by 17.2% during the 4th quarter. GAMMA Investing LLC now owns 10,838 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 1,591 shares during the period. Blue Trust Inc. increased its position in shares of Genworth Financial by 28.5% during the 4th quarter. Blue Trust Inc. now owns 24,438 shares of the financial services provider’s stock worth $167,000 after purchasing an additional 5,420 shares during the last quarter. Finally, KBC Group NV raised its holdings in Genworth Financial by 85.3% in the 4th quarter. KBC Group NV now owns 22,107 shares of the financial services provider’s stock valued at $155,000 after buying an additional 10,174 shares during the period. 81.85% of the stock is owned by hedge funds and other institutional investors.

Genworth Financial Trading Up 0.4 %

NYSE GNW opened at $7.05 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a market capitalization of $2.93 billion, a P/E ratio of 10.37 and a beta of 0.99. The firm’s 50-day moving average is $6.77 and its two-hundred day moving average is $7.01. Genworth Financial, Inc. has a 12 month low of $5.87 and a 12 month high of $7.90.

Genworth Financial (NYSE:GNW) last posted its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.09). Genworth Financial had a return on equity of 2.96% and a net margin of 4.10%. The company had revenue of $1.76 billion for the quarter.

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.