BNP Paribas Financial Markets Reduces Position in Genworth Financial, Inc. (NYSE:GNW)

BNP Paribas Financial Markets lessened its stake in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) by 21.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 156,946 shares of the financial services provider's stock after selling 42,344 shares during the quarter. BNP Paribas Financial Markets' holdings in Genworth Financial were worth $1,097,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Savant Capital LLC grew its holdings in Genworth Financial by 11.9% during the 4th quarter. Savant Capital LLC now owns 17,155 shares of the financial services provider's stock valued at $120,000 after buying an additional 1,830 shares during the last quarter. Factorial Partners LLC boosted its holdings in shares of Genworth Financial by 0.3% during the fourth quarter. Factorial Partners LLC now owns 622,000 shares of the financial services provider's stock worth $4,348,000 after purchasing an additional 2,000 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Genworth Financial by 4.9% during the fourth quarter. CIBC Asset Management Inc now owns 43,219 shares of the financial services provider's stock worth $302,000 after purchasing an additional 2,003 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of Genworth Financial by 14.0% during the fourth quarter. HighTower Advisors LLC now owns 17,590 shares of the financial services provider's stock worth $123,000 after purchasing an additional 2,154 shares during the last quarter. Finally, Summit Investment Advisors Inc. boosted its holdings in shares of Genworth Financial by 5.5% during the fourth quarter. Summit Investment Advisors Inc. now owns 45,038 shares of the financial services provider's stock worth $315,000 after purchasing an additional 2,329 shares during the last quarter. Institutional investors and hedge funds own 81.85% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on GNW shares. Wall Street Zen cut Genworth Financial from a "hold" rating to a "sell" rating in a report on Thursday. Keefe, Bruyette & Woods raised their price objective on Genworth Financial from $8.00 to $8.50 and gave the stock a "market perform" rating in a report on Tuesday, May 13th.

Genworth Financial Trading Up 0.7%

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

Genworth Financial (NYSE:GNW - Get Free Report) last issued its earnings results on Wednesday, April 30th. The financial services provider reported $0.12 earnings per share 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 during the quarter.

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.