Genworth Financial, Inc. (NYSE:GNW) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its stake in Genworth Financial, Inc. (NYSE:GNW) by 5.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,267,650 shares of the financial services provider’s stock after selling 70,687 shares during the period. Rhumbline Advisers owned 0.30% of Genworth Financial worth $8,988,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. GAMMA Investing LLC boosted its stake in Genworth Financial by 494.7% in the 1st quarter. GAMMA Investing LLC now owns 64,455 shares of the financial services provider’s stock worth $457,000 after purchasing an additional 53,617 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Genworth Financial during the 4th quarter worth approximately $3,907,000. Jefferies Financial Group Inc. raised its position in Genworth Financial by 47.0% during the 4th quarter. Jefferies Financial Group Inc. now owns 29,127 shares of the financial services provider’s stock worth $204,000 after buying an additional 9,306 shares during the last quarter. Mackenzie Financial Corp raised its position in Genworth Financial by 21.2% during the 4th quarter. Mackenzie Financial Corp now owns 117,977 shares of the financial services provider’s stock worth $825,000 after buying an additional 20,624 shares during the last quarter. Finally, Forum Financial Management LP raised its position in Genworth Financial by 12.6% during the 4th quarter. Forum Financial Management LP now owns 23,131 shares of the financial services provider’s stock worth $162,000 after buying an additional 2,584 shares during the last quarter. 81.85% of the stock is currently owned by institutional investors and hedge funds.

Genworth Financial Stock Performance

GNW opened at $6.87 on Wednesday. Genworth Financial, Inc. has a 12-month low of $5.87 and a 12-month high of $7.90. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $2.85 billion, a PE ratio of 10.10 and a beta of 1.03. The firm has a 50 day moving average of $6.81 and a two-hundred day moving average of $6.99.

Genworth Financial (NYSE:GNW) last posted its earnings results on Wednesday, April 30th. The financial services provider reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.09). The firm had revenue of $1.76 billion for the quarter. Genworth Financial had a net margin of 4.10% and a return on equity of 2.96%.

Analyst Ratings Changes

GNW has been the subject of a number of recent research reports. Keefe, Bruyette & Woods raised their price target on shares of Genworth Financial from $8.00 to $8.50 and gave the stock a “market perform” rating in a research report on Tuesday, May 13th. Wall Street Zen lowered shares of Genworth Financial from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd.

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.