Alps Advisors Inc. decreased its position in Genworth Financial Inc (NYSE:GNW) by 94.0% in the 1st quarter, HoldingsChannel reports. The fund owned 15,317 shares of the financial services provider’s stock after selling 241,970 shares during the period. Alps Advisors Inc.’s holdings in Genworth Financial were worth $59,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Gamco Investors INC. ET AL grew its position in Genworth Financial by 29.2% in the fourth quarter. Gamco Investors INC. ET AL now owns 21,000 shares of the financial services provider’s stock valued at $98,000 after acquiring an additional 4,750 shares in the last quarter. Vanguard Group Inc. grew its position in Genworth Financial by 1.6% in the third quarter. Vanguard Group Inc. now owns 45,142,707 shares of the financial services provider’s stock valued at $188,245,000 after acquiring an additional 709,172 shares in the last quarter. GAM Holding AG grew its position in Genworth Financial by 3.3% in the fourth quarter. GAM Holding AG now owns 215,117 shares of the financial services provider’s stock valued at $990,000 after acquiring an additional 6,863 shares in the last quarter. Gabelli Funds LLC grew its position in Genworth Financial by 22.1% in the fourth quarter. Gabelli Funds LLC now owns 255,593 shares of the financial services provider’s stock valued at $1,191,000 after acquiring an additional 46,243 shares in the last quarter. Finally, Commonwealth Bank of Australia grew its position in Genworth Financial by 26.7% in the fourth quarter. Commonwealth Bank of Australia now owns 2,658,500 shares of the financial services provider’s stock valued at $12,384,000 after acquiring an additional 560,200 shares in the last quarter. 64.63% of the stock is owned by institutional investors.

GNW stock opened at $3.33 on Monday. Genworth Financial Inc has a twelve month low of $3.25 and a twelve month high of $5.02. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market cap of $1.68 billion, a PE ratio of 9.25 and a beta of 1.49.

Genworth Financial (NYSE:GNW) last released its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). Genworth Financial had a return on equity of 1.20% and a net margin of 2.12%. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period in the previous year, the business posted $0.25 EPS. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, analysts anticipate that Genworth Financial Inc will post 0.98 EPS for the current year.

Several analysts have issued reports on the stock. ValuEngine raised shares of Genworth Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Zacks Investment Research downgraded shares of Genworth Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 5th.

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Genworth Financial Company Profile

Genworth Financial, Inc provides insurance and homeownership solutions in the United States and internationally. It operates through five segments: U.S. Mortgage Insurance, Canada Mortgage Insurance, Australia Mortgage Insurance, U.S. Life Insurance, and Runoff. The U.S. Mortgage Insurance segment offers mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans.

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Institutional Ownership by Quarter for Genworth Financial (NYSE:GNW)

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