Mackenzie Financial Corp Sells 10,683 Shares of Genworth Financial, Inc. (NYSE:GNW)

Mackenzie Financial Corp decreased its holdings in Genworth Financial, Inc. (NYSE:GNW) by 10.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,241 shares of the financial services provider’s stock after selling 10,683 shares during the period. Mackenzie Financial Corp’s holdings in Genworth Financial were worth $596,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Versor Investments LP bought a new position in Genworth Financial during the third quarter valued at approximately $71,000. Strs Ohio raised its position in shares of Genworth Financial by 259.5% during the 3rd quarter. Strs Ohio now owns 15,100 shares of the financial services provider’s stock valued at $88,000 after purchasing an additional 10,900 shares during the period. Seven Eight Capital LP purchased a new position in shares of Genworth Financial in the third quarter valued at about $94,000. Covestor Ltd lifted its holdings in Genworth Financial by 16.8% in the 3rd quarter. Covestor Ltd now owns 16,817 shares of the financial services provider’s stock worth $99,000 after purchasing an additional 2,413 shares in the last quarter. Finally, RMR Wealth Builders boosted its position in shares of Genworth Financial by 10.9% during 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 last quarter. Hedge funds and other institutional investors own 81.85% of the company’s stock.

Genworth Financial Trading Down 0.2 %

GNW stock opened at $6.00 on Friday. Genworth Financial, Inc. has a twelve month low of $4.51 and a twelve month high of $6.93. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of -599,500.00 and a beta of 1.06. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.19. The firm’s fifty day simple moving average is $6.18 and its two-hundred 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) earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.70). The business 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 firm posted $0.35 EPS.

Analysts Set New Price Targets

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

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.