Shell Asset Management Co. Cuts Holdings in Genworth Financial, Inc. (NYSE:GNW)

Shell Asset Management Co. decreased its position in Genworth Financial, Inc. (NYSE:GNW – Get Rating) by 16.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,665 shares of the financial services provider’s stock after selling 8,863 shares during the period. Shell Asset Management Co.’s holdings in Genworth Financial were worth $231,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Hancock Whitney Corp increased its position in shares of Genworth Financial by 92.2% during the fourth quarter. Hancock Whitney Corp now owns 137,745 shares of the financial services provider’s stock valued at $728,000 after acquiring an additional 66,062 shares during the last quarter. ProShare Advisors LLC lifted its stake in Genworth Financial by 13.1% in the fourth quarter. ProShare Advisors LLC now owns 78,162 shares of the financial services provider’s stock valued at $413,000 after purchasing an additional 9,075 shares during the last quarter. River Road Asset Management LLC grew its holdings in Genworth Financial by 0.5% during the fourth quarter. River Road Asset Management LLC now owns 17,899,721 shares of the financial services provider’s stock valued at $94,690,000 after purchasing an additional 93,358 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Genworth Financial by 3.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 68,567 shares of the financial services provider’s stock valued at $363,000 after purchasing an additional 2,118 shares during the period. Finally, Monaco Asset Management SAM increased its position in Genworth Financial by 102.2% in the fourth quarter. Monaco Asset Management SAM now owns 835,000 shares of the financial services provider’s stock worth $4,417,000 after buying an additional 421,985 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Insider Buying and Selling

In other news, CFO Daniel J. Iv Sheehan sold 250,000 shares of Genworth Financial stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $6.06, for a total value of $1,515,000.00. Following the completion of the transaction, the chief financial officer now owns 1,132,023 shares of the company’s stock, valued at approximately $6,860,059.38. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.99% of the stock is currently owned by insiders.

Genworth Financial Trading Up 0.4 %

Shares of GNW stock opened at $5.25 on Wednesday. Genworth Financial, Inc. has a 1 year low of $3.43 and a 1 year high of $6.40. The company’s fifty day simple moving average is $5.51 and its two-hundred day simple moving average is $5.32. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.29 and a quick ratio of 0.28. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 5.15 and a beta of 1.03.

Genworth Financial (NYSE:GNW – Get Rating) last posted its quarterly earnings results on Wednesday, May 3rd. The financial services provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). The business had revenue of $1.85 billion for the quarter. Genworth Financial had a return on equity of 5.64% and a net margin of 6.99%. During the same quarter in the previous year, the business earned $0.29 earnings per share.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Genworth Financial in a research note on Thursday, March 16th. They set a “hold” rating for the company.

Genworth Financial Company Profile

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Genworth Financial, Inc is a financial services company, which engages in the provision of insurance, wealth management, investment and financial solutions. It operates through the following segments: U.S. Mortgage Insurance, Australia Mortgage Insurance, U.S. Life Insurance, and Runoff. The U.S. Mortgage Insurance segment offers mortgage insurance products predominantly insuring prime-based, individually underwritten residential mortgage loans.