Hsbc Holdings PLC Trims Stock Position in Genworth Financial, Inc. (NYSE:GNW)

Hsbc Holdings PLC lessened its stake in shares of Genworth Financial, Inc. (NYSE:GNW) by 57.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 198,298 shares of the financial services provider’s stock after selling 263,256 shares during the quarter. Hsbc Holdings PLC’s holdings in Genworth Financial were worth $745,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of GNW. Vanguard Group Inc. lifted its position in shares of Genworth Financial by 15.1% during the 2nd quarter. Vanguard Group Inc. now owns 54,034,796 shares of the financial services provider’s stock worth $210,736,000 after buying an additional 7,093,259 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Genworth Financial by 143.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 11,387,760 shares of the financial services provider’s stock worth $44,412,000 after buying an additional 6,702,978 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Genworth Financial by 1,107.0% during the 2nd quarter. AQR Capital Management LLC now owns 3,441,950 shares of the financial services provider’s stock worth $13,424,000 after buying an additional 3,156,786 shares during the last quarter. State Street Corp lifted its position in shares of Genworth Financial by 16.2% during the 2nd quarter. State Street Corp now owns 20,749,327 shares of the financial services provider’s stock worth $80,922,000 after buying an additional 2,897,842 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its position in shares of Genworth Financial by 466.0% during the 3rd quarter. Allianz Asset Management GmbH now owns 3,444,229 shares of the financial services provider’s stock worth $12,916,000 after buying an additional 2,835,703 shares during the last quarter. Institutional investors and hedge funds own 68.69% of the company’s stock.

In other Genworth Financial news, Director Robert P. Restrepo, Jr. purchased 50,000 shares of Genworth Financial stock in a transaction that occurred on Friday, February 4th. The stock was purchased at an average price of $3.93 per share, for a total transaction of $196,500.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.99% of the stock is owned by corporate insiders.

Shares of NYSE:GNW opened at $4.21 on Monday. The firm has a 50 day simple moving average of $4.10 and a 200-day simple moving average of $3.95. Genworth Financial, Inc. has a twelve month low of $2.92 and a twelve month high of $4.61. The company has a market capitalization of $2.14 billion, a PE ratio of 2.38 and a beta of 1.00. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.12.

Genworth Financial (NYSE:GNW) last released its quarterly earnings results on Monday, January 31st. The financial services provider reported $0.32 EPS for the quarter, beating the consensus estimate of $0.25 by $0.07. Genworth Financial had a net margin of 11.54% and a return on equity of 4.92%.

Genworth Financial Company Profile

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.

See Also

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