Genworth Financial, Inc. (NYSE:GNW) Shares Sold by Arizona State Retirement System

Arizona State Retirement System lowered its holdings in Genworth Financial, Inc. (NYSE:GNW) by 4.9% during the fourth quarter, Holdings Channel reports. The fund owned 129,453 shares of the financial services provider’s stock after selling 6,637 shares during the quarter. Arizona State Retirement System’s holdings in Genworth Financial were worth $865,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Captrust Financial Advisors increased its stake in shares of Genworth Financial by 3.6% in the second quarter. Captrust Financial Advisors now owns 53,669 shares of the financial services provider’s stock worth $268,000 after acquiring an additional 1,869 shares during the period. RMR Wealth Builders increased its stake in shares of Genworth Financial by 10.9% in the third quarter. RMR Wealth Builders now owns 19,960 shares of the financial services provider’s stock worth $117,000 after acquiring an additional 1,960 shares during the period. Ethic Inc. increased its stake in shares of Genworth Financial by 20.7% in the first quarter. Ethic Inc. now owns 13,175 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 2,258 shares during the period. HighTower Advisors LLC increased its stake in shares of Genworth Financial by 10.3% in the fourth quarter. HighTower Advisors LLC now owns 24,565 shares of the financial services provider’s stock worth $131,000 after acquiring an additional 2,300 shares during the period. Finally, Covestor Ltd increased its stake in shares of Genworth Financial by 16.8% in the third quarter. Covestor Ltd now owns 16,817 shares of the financial services provider’s stock worth $99,000 after acquiring an additional 2,413 shares during the period. Institutional investors and hedge funds own 81.85% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods raised their price target on shares of 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 0.8 %

GNW stock opened at $5.82 on Wednesday. The firm has a market cap of $2.56 billion, a PE ratio of -581,500.00 and a beta of 1.06. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.30 and a current ratio of 0.30. The firm’s fifty day moving average is $6.21 and its 200 day moving average is $6.17. Genworth Financial, Inc. has a one year low of $4.51 and a one year high of $6.93.

Genworth Financial (NYSE:GNW) last released its quarterly 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 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 previous year, the company posted $0.35 EPS.

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.