State of New Jersey Common Pension Fund D Has $2.34 Million Stock Position in Genworth Financial, Inc. (NYSE:GNW)

State of New Jersey Common Pension Fund D decreased its stake in Genworth Financial, Inc. (NYSE:GNWGet Rating) by 11.1% during the 1st quarter, HoldingsChannel reports. The fund owned 619,408 shares of the financial services provider’s stock after selling 77,522 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Genworth Financial were worth $2,341,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of GNW. Byrne Asset Management LLC bought a new position in Genworth Financial in the fourth quarter worth $38,000. Modera Wealth Management LLC bought a new position in Genworth Financial in the fourth quarter worth $47,000. Counterpoint Mutual Funds LLC lifted its position in Genworth Financial by 164.5% in the first quarter. Counterpoint Mutual Funds LLC now owns 17,498 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 10,882 shares during the period. Advisor Partners LLC bought a new position in Genworth Financial in the fourth quarter worth $69,000. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its position in Genworth Financial by 256.2% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 18,730 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 13,471 shares during the period. Institutional investors and hedge funds own 70.67% of the company’s stock.

Insider Buying and Selling at Genworth Financial

In other Genworth Financial news, CEO Thomas J. Mcinerney sold 100,000 shares of Genworth Financial stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $3.95, for a total transaction of $395,000.00. Following the completion of the transaction, the chief executive officer now directly owns 3,939,625 shares of the company’s stock, valued at $15,561,518.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.99% of the company’s stock.

Genworth Financial Stock Up 0.5 %

Shares of GNW stock opened at $4.18 on Wednesday. The stock has a market cap of $2.13 billion, a P/E ratio of 2.47 and a beta of 0.97. Genworth Financial, Inc. has a one year low of $3.28 and a one year high of $4.61. The stock has a fifty day moving average price of $3.86 and a 200 day moving average price of $3.89. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.27 and a quick ratio of 0.27.

Genworth Financial (NYSE:GNWGet Rating) last issued its earnings results on Monday, August 1st. The financial services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.27 by $0.08. Genworth Financial had a return on equity of 4.65% and a net margin of 11.19%.

About Genworth Financial

(Get Rating)

Genworth Financial, Inc provides insurance products in the United States and internationally. The company operates in three segments: Enact, U.S. Life Insurance, and Runoff. The Enact segment offers mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans; and pool mortgage insurance products.

See Also

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

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