Genworth Financial, Inc. (NYSE:GNW) Position Decreased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC reduced its holdings in Genworth Financial, Inc. (NYSE:GNW) by 16.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,379 shares of the financial services provider’s stock after selling 2,962 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Genworth Financial were worth $103,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Illinois Municipal Retirement Fund purchased a new position in shares of Genworth Financial in the third quarter worth approximately $1,666,000. AQR Capital Management LLC raised its stake in shares of Genworth Financial by 14.2% in the 3rd quarter. AQR Capital Management LLC now owns 1,752,247 shares of the financial services provider’s stock valued at $10,268,000 after acquiring an additional 217,556 shares in the last quarter. Invesco Ltd. lifted its holdings in Genworth Financial by 7.2% in the 3rd quarter. Invesco Ltd. now owns 5,234,864 shares of the financial services provider’s stock worth $30,676,000 after purchasing an additional 350,729 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in Genworth Financial by 361.4% during the third quarter. Exchange Traded Concepts LLC now owns 160,914 shares of the financial services provider’s stock worth $943,000 after purchasing an additional 126,037 shares during the period. Finally, Natixis Advisors L.P. grew its holdings in Genworth Financial by 19.6% during the third quarter. Natixis Advisors L.P. now owns 109,863 shares of the financial services provider’s stock valued at $644,000 after purchasing an additional 18,025 shares during the last quarter. 81.85% of the stock is owned by institutional investors and hedge funds.

Genworth Financial Trading Up 1.9 %

Genworth Financial stock opened at $5.99 on Monday. Genworth Financial, Inc. has a 52 week low of $4.51 and a 52 week high of $6.93. 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 has a market capitalization of $2.63 billion, a PE ratio of -599,000.00 and a beta of 1.06. The business’s 50-day simple moving average is $6.19 and its 200-day simple moving average is $6.17.

Genworth Financial (NYSE:GNW) last issued 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). Genworth Financial had a negative return on equity of 0.23% and a net margin of 0.21%. The business had revenue of $1.91 billion during the quarter. During the same quarter in the prior year, the company posted $0.35 earnings per share.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods upped their price objective on shares of Genworth Financial from $6.50 to $7.00 and gave the stock a “market perform” rating in a report 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.