Thrivent Financial for Lutherans Cuts Holdings in Genworth Financial, Inc. (NYSE:GNW)

Thrivent Financial for Lutherans decreased its position in Genworth Financial, Inc. (NYSE:GNW) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 330,074 shares of the financial services provider’s stock after selling 9,195 shares during the period. Thrivent Financial for Lutherans’ holdings in Genworth Financial were worth $2,307,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GNW. Cibc World Markets Corp bought a new stake in Genworth Financial during the fourth quarter worth $282,000. Thompson Siegel & Walmsley LLC raised its stake in shares of Genworth Financial by 7.9% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 123,320 shares of the financial services provider’s stock worth $862,000 after purchasing an additional 8,981 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Genworth Financial by 85.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 799,542 shares of the financial services provider’s stock worth $5,589,000 after buying an additional 368,413 shares during the last quarter. HighTower Advisors LLC grew its position in Genworth Financial by 14.0% during the fourth quarter. HighTower Advisors LLC now owns 17,590 shares of the financial services provider’s stock valued at $123,000 after buying an additional 2,154 shares during the period. Finally, Wealthfront Advisers LLC purchased a new stake in Genworth Financial during the fourth quarter worth about $156,000. Hedge funds and other institutional investors own 81.85% of the company’s stock.

Genworth Financial Stock Performance

Shares of GNW stock opened at $7.08 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 10.41 and a beta of 1.02. Genworth Financial, Inc. has a 52 week low of $5.67 and a 52 week high of $7.90. The firm’s 50-day simple moving average is $6.99 and its two-hundred day simple moving average is $7.04.

Genworth Financial (NYSE:GNW) last posted its quarterly earnings results 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 return on equity of 2.96% and a net margin of 4.10%. The company had revenue of $1.82 billion during the quarter. During the same quarter in the previous year, the business earned ($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.