Wolverine Asset Management LLC Reduces Position in Genworth Financial, Inc. (NYSE:GNW)

Wolverine Asset Management LLC trimmed its position in Genworth Financial, Inc. (NYSE:GNW) by 9.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 77,755 shares of the financial services provider’s stock after selling 8,000 shares during the period. Wolverine Asset Management LLC’s holdings in Genworth Financial were worth $519,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC purchased a new position in Genworth Financial in the fourth quarter worth about $56,000. New York State Common Retirement Fund boosted its position in Genworth Financial by 32.7% in the fourth quarter. New York State Common Retirement Fund now owns 382,208 shares of the financial services provider’s stock worth $2,553,000 after purchasing an additional 94,252 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in Genworth Financial in the fourth quarter worth about $22,482,000. Pathway Financial Advisors LLC purchased a new position in Genworth Financial in the fourth quarter worth about $71,000. Finally, Federated Hermes Inc. boosted its position in Genworth Financial by 6.2% in the fourth quarter. Federated Hermes Inc. now owns 1,023,112 shares of the financial services provider’s stock worth $6,834,000 after purchasing an additional 59,392 shares during the last quarter. 81.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods lifted their price objective on Genworth Financial from $6.50 to $7.00 and gave the company a “market perform” rating in a research report on Wednesday, April 10th.

Genworth Financial Stock Down 0.2 %

GNW stock opened at $6.00 on Friday. Genworth Financial, Inc. has a twelve month low of $4.51 and a twelve month high of $6.93. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.19. The business’s 50-day moving average price is $6.18 and its 200-day moving average price is $6.17.

Genworth Financial (NYSE:GNW) last posted its quarterly earnings data on Wednesday, February 21st. The financial services provider reported ($0.51) earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.70). The company had revenue of $1.91 billion for the quarter. Genworth Financial had a net margin of 0.21% and a negative return on equity of 0.23%. During the same quarter in the prior year, the firm posted $0.35 earnings per share.

Genworth Financial Company 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.