Genworth Financial, Inc. (NYSE:GNW) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. reduced its stake in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 6.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,358,893 shares of the financial services provider's stock after selling 91,153 shares during the period. Ameriprise Financial Inc. owned 0.32% of Genworth Financial worth $9,499,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Donald Smith & CO. Inc. increased its stake in shares of Genworth Financial by 3.7% during the fourth quarter. Donald Smith & CO. Inc. now owns 25,949,469 shares of the financial services provider's stock valued at $181,387,000 after purchasing an additional 934,175 shares in the last quarter. American Century Companies Inc. boosted its holdings in 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 worth $50,470,000 after purchasing an additional 582,147 shares during the last quarter. Northern Trust Corp boosted its stake in shares of 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 worth $42,116,000 after acquiring an additional 922,126 shares during the last quarter. Prudential Financial Inc. lifted its stake in shares of 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 buying an additional 2,296,538 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of 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 buying an additional 99,120 shares in the last quarter. 81.85% of the stock is owned by institutional investors.

Genworth Financial Stock Up 0.7%

Shares of GNW traded up $0.05 during mid-day trading on Monday, hitting $6.79. The company's stock had a trading volume of 11,776,943 shares, compared to its average volume of 4,086,761. The company's 50-day moving average is $6.85 and its 200-day moving average is $7.03. Genworth Financial, Inc. has a 52-week low of $5.87 and a 52-week high of $7.90. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 9.98 and a beta of 0.99. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.16.

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). Genworth Financial had a net margin of 4.10% and a return on equity of 2.96%. The firm had revenue of $1.76 billion for the quarter.

Analyst Ratings Changes

GNW has been the topic of a number of research reports. Wall Street Zen downgraded shares of Genworth Financial from a "hold" rating to a "sell" rating in a report on Thursday. Keefe, Bruyette & Woods boosted their price target on Genworth Financial from $8.00 to $8.50 and gave the company a "market perform" rating in a report on Tuesday, May 13th.

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.