Genworth Financial, Inc. (NYSE:GNW) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its holdings in shares of Genworth Financial, Inc. (NYSE:GNW) by 2.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 78,938 shares of the financial services provider’s stock after selling 2,222 shares during the period. Mutual of America Capital Management LLC’s holdings in Genworth Financial were worth $527,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. WINTON GROUP Ltd boosted its stake in Genworth Financial by 617.7% during the 3rd quarter. WINTON GROUP Ltd now owns 666,047 shares of the financial services provider’s stock valued at $3,903,000 after acquiring an additional 573,249 shares during the last quarter. American Century Companies Inc. increased its position in shares of Genworth Financial by 10.2% in the 3rd quarter. American Century Companies Inc. now owns 5,209,312 shares of the financial services provider’s stock worth $30,527,000 after purchasing an additional 481,059 shares during the last quarter. FMR LLC raised its stake in shares of Genworth Financial by 9.9% in the 3rd quarter. FMR LLC now owns 4,072,437 shares of the financial services provider’s stock valued at $23,864,000 after purchasing an additional 368,388 shares in the last quarter. Invesco Ltd. lifted its position in shares of Genworth Financial by 7.2% during the third 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. Finally, Moody Aldrich Partners LLC acquired a new position in Genworth Financial in the fourth quarter worth about $2,266,000. Institutional investors and hedge funds own 81.85% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods increased their target price on 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 Stock Performance

Shares of NYSE GNW opened at $6.09 on Wednesday. The stock has a market capitalization of $2.67 billion, a P/E ratio of -608,500.00 and a beta of 1.06. The firm’s 50-day moving average price is $6.19 and its two-hundred day moving average price is $6.18. Genworth Financial, Inc. has a 52-week low of $4.51 and a 52-week 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.

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

Genworth Financial 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.