New York State Teachers Retirement System Has $3.85 Million Holdings in Genworth Financial, Inc. (NYSE:GNW)

New York State Teachers Retirement System cut its stake in Genworth Financial, Inc. (NYSE:GNW) by 1.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 542,316 shares of the financial services provider’s stock after selling 8,624 shares during the period. New York State Teachers Retirement System owned 0.13% of Genworth Financial worth $3,845,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of GNW. Prudential Financial Inc. raised its stake in shares of Genworth Financial by 70.2% in the fourth quarter. Prudential Financial Inc. now owns 5,567,978 shares of the financial services provider’s stock worth $38,920,000 after acquiring an additional 2,296,538 shares during the last quarter. Norges Bank bought a new position in shares of Genworth Financial in the fourth quarter worth about $15,034,000. Boone Capital Management LLC bought a new position in shares of Genworth Financial in the fourth quarter worth about $10,741,000. Nuveen Asset Management LLC raised its stake in shares of Genworth Financial by 106.9% in the fourth quarter. Nuveen Asset Management LLC now owns 2,663,077 shares of the financial services provider’s stock worth $18,615,000 after acquiring an additional 1,375,637 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Genworth Financial in the fourth quarter worth about $7,496,000. 81.85% of the stock is owned by institutional investors.

Genworth Financial Trading Down 0.8%

GNW opened at $7.77 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.29 and a quick ratio of 0.29. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 15.53 and a beta of 1.06. The firm has a 50 day simple moving average of $7.19 and a 200 day simple moving average of $7.00. Genworth Financial, Inc. has a fifty-two week low of $5.95 and a fifty-two week high of $8.01.

Genworth Financial (NYSE:GNW) last posted its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.09). The business had revenue of $1.76 billion for the quarter. Genworth Financial had a return on equity of 2.53% and a net margin of 2.97%.

Wall Street Analysts Forecast Growth

GNW has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods raised shares of Genworth Financial from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $8.50 to $9.00 in a research note on Wednesday, June 18th. Wall Street Zen downgraded shares of Genworth Financial from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd.

About Genworth Financial

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.