New York State Teachers Retirement System Has $4.03 Million Stock Position in Genworth Financial, Inc. (NYSE:GNW)

New York State Teachers Retirement System reduced its stake in shares of Genworth Financial, Inc. (NYSE:GNW) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 603,031 shares of the financial services provider’s stock after selling 21,360 shares during the quarter. New York State Teachers Retirement System’s holdings in Genworth Financial were worth $4,028,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of GNW. Envestnet Asset Management Inc. boosted its stake in Genworth Financial by 60.7% in the first quarter. Envestnet Asset Management Inc. now owns 62,634 shares of the financial services provider’s stock valued at $237,000 after buying an additional 23,663 shares in the last quarter. Private Advisor Group LLC acquired a new stake in Genworth Financial in the first quarter valued at about $40,000. Citigroup Inc. boosted its stake in Genworth Financial by 5.3% in the first quarter. Citigroup Inc. now owns 589,415 shares of the financial services provider’s stock valued at $2,228,000 after buying an additional 29,834 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Genworth Financial by 58.2% in the first quarter. PNC Financial Services Group Inc. now owns 78,974 shares of the financial services provider’s stock valued at $299,000 after buying an additional 29,046 shares in the last quarter. Finally, Natixis Advisors L.P. acquired a new stake in Genworth Financial in the first quarter valued at about $265,000. 81.85% of the stock is owned by institutional investors and hedge funds.

Genworth Financial Price Performance

Genworth Financial stock opened at $5.91 on Monday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $2.60 billion, a PE ratio of -591,000.00 and a beta of 1.06. Genworth Financial, Inc. has a 12 month low of $4.51 and a 12 month high of $6.93. The stock has a 50-day moving average price of $6.22 and a two-hundred day moving average price of $6.17.

Genworth Financial (NYSE:GNW) last posted its earnings results on Wednesday, February 21st. The financial services provider reported ($0.51) EPS for the quarter, missing the consensus estimate of $0.19 by ($0.70). The firm had revenue of $1.91 billion during the quarter. Genworth Financial had a net margin of 0.21% and a negative return on equity of 0.23%. During the same period in the previous year, the company earned $0.35 EPS.

Analyst Upgrades and Downgrades

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

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.