Genworth Financial, Inc. (NYSE:GNW) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its stake in Genworth Financial, Inc. (NYSE:GNW) by 45.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 169,585 shares of the financial services provider’s stock after selling 143,762 shares during the period. Teacher Retirement System of Texas’ holdings in Genworth Financial were worth $1,202,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Donald Smith & CO. Inc. boosted its position in shares of Genworth Financial by 3.7% in the fourth quarter. Donald Smith & CO. Inc. now owns 25,949,469 shares of the financial services provider’s stock worth $181,387,000 after acquiring an additional 934,175 shares during the last quarter. American Century Companies Inc. lifted its position in Genworth Financial by 8.8% during the fourth quarter. American Century Companies Inc. now owns 7,220,342 shares of the financial services provider’s stock valued at $50,470,000 after buying an additional 582,147 shares in the last quarter. Northern Trust Corp lifted its position in Genworth Financial by 18.1% during the fourth quarter. Northern Trust Corp now owns 6,025,178 shares of the financial services provider’s stock valued at $42,116,000 after buying an additional 922,126 shares in the last quarter. Prudential Financial Inc. lifted its position in Genworth Financial by 70.2% during the fourth quarter. Prudential Financial Inc. now owns 5,567,978 shares of the financial services provider’s stock valued at $38,920,000 after buying an additional 2,296,538 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Genworth Financial by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,195,012 shares of the financial services provider’s stock valued at $36,313,000 after buying an additional 99,120 shares in the last quarter. 81.85% of the stock is owned by institutional investors and hedge funds.

Genworth Financial Trading Down 1.6%

Shares of GNW stock opened at $7.30 on Friday. The firm’s 50 day moving average price is $7.26 and its two-hundred day moving average price is $7.01. Genworth Financial, Inc. has a fifty-two week low of $5.99 and a fifty-two week high of $8.08. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.16. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 14.59 and a beta of 1.06.

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Genworth Financial from $9.00 to $9.50 and gave the company an “outperform” rating in a research report on Wednesday. Wall Street Zen cut 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.