D. E. Shaw & Co. Inc. Lowers Stock Holdings in Genworth Financial, Inc. (NYSE:GNW)

D. E. Shaw & Co. Inc. trimmed its position in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) by 27.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,003,410 shares of the financial services provider's stock after selling 1,137,544 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.70% of Genworth Financial worth $20,994,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Donald Smith & CO. Inc. boosted its position in Genworth Financial by 3.7% during the 4th quarter. Donald Smith & CO. Inc. now owns 25,949,469 shares of the financial services provider's stock valued at $181,387,000 after acquiring an additional 934,175 shares in the last quarter. American Century Companies Inc. boosted its position in Genworth Financial by 8.8% during the 4th quarter. American Century Companies Inc. now owns 7,220,342 shares of the financial services provider's stock valued at $50,470,000 after acquiring an additional 582,147 shares in the last quarter. Northern Trust Corp boosted its position in Genworth Financial by 18.1% during the 4th quarter. Northern Trust Corp now owns 6,025,178 shares of the financial services provider's stock valued at $42,116,000 after acquiring an additional 922,126 shares in the last quarter. Prudential Financial Inc. boosted its position in Genworth Financial by 70.2% during the 4th quarter. Prudential Financial Inc. now owns 5,567,978 shares of the financial services provider's stock valued at $38,920,000 after acquiring an additional 2,296,538 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Genworth Financial by 1.9% during the 4th 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 acquiring an additional 99,120 shares in the last quarter. 81.85% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lifted their price objective on Genworth Financial from $8.00 to $8.50 and gave the company a "market perform" rating in a research report on Tuesday.

Genworth Financial Stock Up 2.7%

Shares of GNW stock traded up $0.19 during trading hours on Friday, hitting $7.23. 9,411,223 shares of the company's stock traded hands, compared to its average volume of 3,941,446. The stock's fifty day simple moving average is $6.82 and its two-hundred day simple moving average is $7.02. Genworth Financial, Inc. has a 12-month low of $5.87 and a 12-month high of $7.90. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 10.64 and a beta of 0.99. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.16.

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

Genworth Financial Company 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.