Genworth Financial, Inc. $GNW Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its stake in shares of Genworth Financial, Inc. (NYSE:GNW) by 9.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 152,720 shares of the financial services provider’s stock after selling 16,865 shares during the period. Teacher Retirement System of Texas’ holdings in Genworth Financial were worth $1,188,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blueshift Asset Management LLC purchased a new stake in shares of Genworth Financial during the 1st quarter valued at approximately $71,000. Abel Hall LLC purchased a new stake in shares of Genworth Financial during the 1st quarter valued at approximately $71,000. Strs Ohio purchased a new stake in shares of Genworth Financial during the 1st quarter valued at approximately $82,000. GAMMA Investing LLC raised its position in shares of Genworth Financial by 29.5% during the 2nd quarter. GAMMA Investing LLC now owns 11,770 shares of the financial services provider’s stock valued at $92,000 after buying an additional 2,679 shares during the period. Finally, Perbak Capital Partners LLP purchased a new stake in shares of Genworth Financial during the 1st quarter valued at approximately $95,000. 81.85% of the stock is currently owned by institutional investors and hedge funds.

Genworth Financial Stock Up 0.4%

Genworth Financial stock opened at $8.56 on Thursday. Genworth Financial, Inc. has a twelve month low of $5.99 and a twelve month high of $9.15. The stock’s fifty day simple moving average is $8.68 and its 200-day simple moving average is $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 $3.51 billion, a P/E ratio of 19.02 and a beta of 1.05.

Genworth Financial (NYSE:GNW) last posted its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The company had revenue of $1.04 billion for the quarter. Genworth Financial had a return on equity of 1.91% and a net margin of 2.61%.

Insider Transactions at Genworth Financial

In other Genworth Financial news, CEO Rohit Gupta sold 86,406 shares of the company’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $8.68, for a total value of $750,004.08. Following the completion of the transaction, the chief executive officer owned 794,630 shares in the company, valued at $6,897,388.40. This represents a 9.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Wall Street Zen lowered shares of Genworth Financial from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Genworth Financial in a research report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Genworth Financial from $9.50 to $10.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $10.00.

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.