Genworth Financial, Inc. (NYSE:GNW) Position Trimmed by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its position in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 3.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,777,926 shares of the financial services provider's stock after selling 96,236 shares during the period. Bank of New York Mellon Corp owned 0.67% of Genworth Financial worth $19,695,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Donald Smith & CO. Inc. grew 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 worth $181,387,000 after purchasing an additional 934,175 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Genworth Financial by 8.8% in 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 purchasing an additional 582,147 shares during the period. Northern Trust Corp lifted its stake in shares of Genworth Financial by 18.1% in 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 purchasing an additional 922,126 shares during the period. Prudential Financial Inc. lifted 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 valued at $38,920,000 after purchasing an additional 2,296,538 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Genworth Financial by 37.2% in the fourth quarter. JPMorgan Chase & Co. now owns 2,671,573 shares of the financial services provider's stock valued at $18,674,000 after purchasing an additional 724,557 shares during the period. 81.85% of the stock is owned by hedge funds and other institutional investors.

Genworth Financial Trading Up 1.2%

Genworth Financial stock traded up $0.09 during trading on Tuesday, reaching $7.48. The company had a trading volume of 2,889,742 shares, compared to its average volume of 4,713,905. Genworth Financial, Inc. has a 12-month low of $5.99 and a 12-month high of $8.08. The stock's 50 day moving average price is $7.30 and its two-hundred day moving average price is $7.03. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 14.95 and a beta of 1.06. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.29 and a current ratio of 0.29.

Genworth Financial (NYSE:GNW - Get Free Report) 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). The firm 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 Analyst Weigh In

Several equities analysts have weighed in on GNW shares. Keefe, Bruyette & Woods raised their target price on shares of Genworth Financial from $9.00 to $9.50 and gave the company an "outperform" rating in a report on Wednesday, July 9th. Wall Street Zen downgraded shares of Genworth Financial from a "hold" rating to a "sell" rating in a report 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.