Man Group plc Reduces Stock Position in Genworth Financial, Inc. (NYSE:GNW)

Man Group plc cut its stake in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 60.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 646,689 shares of the financial services provider's stock after selling 1,001,730 shares during the period. Man Group plc owned about 0.15% of Genworth Financial worth $4,520,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Savant Capital LLC grew its position in Genworth Financial by 11.9% in the fourth quarter. Savant Capital LLC now owns 17,155 shares of the financial services provider's stock worth $120,000 after acquiring an additional 1,830 shares in the last quarter. NDVR Inc. grew its position in Genworth Financial by 8.6% in the fourth quarter. NDVR Inc. now owns 24,329 shares of the financial services provider's stock worth $170,000 after acquiring an additional 1,922 shares in the last quarter. Factorial Partners LLC grew its position in Genworth Financial by 0.3% in the fourth quarter. Factorial Partners LLC now owns 622,000 shares of the financial services provider's stock worth $4,348,000 after acquiring an additional 2,000 shares in the last quarter. CIBC Asset Management Inc grew its position in Genworth Financial by 4.9% in the fourth quarter. CIBC Asset Management Inc now owns 43,219 shares of the financial services provider's stock worth $302,000 after acquiring an additional 2,003 shares in the last quarter. Finally, HighTower Advisors LLC boosted its position in Genworth Financial by 14.0% during the fourth quarter. HighTower Advisors LLC now owns 17,590 shares of the financial services provider's stock valued at $123,000 after buying an additional 2,154 shares during the period. 81.85% of the stock is currently owned by hedge funds and other institutional investors.

Genworth Financial Trading Up 2.8%

NYSE GNW traded up $0.19 during trading on Tuesday, hitting $6.98. 5,330,736 shares of the company's stock traded hands, compared to its average volume of 4,091,737. The stock has a fifty day moving average of $6.85 and a two-hundred day moving average of $7.03. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.29 and a quick ratio of 0.29. Genworth Financial, Inc. has a 12-month low of $5.87 and a 12-month high of $7.90. The firm has a market cap of $2.89 billion, a P/E ratio of 10.27 and a beta of 0.99.

Genworth Financial (NYSE:GNW - Get Free Report) last posted its quarterly 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.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Keefe, Bruyette & Woods upped their price target on shares of Genworth Financial from $8.00 to $8.50 and gave the company a "market perform" rating in a research report on Tuesday, May 13th. Wall Street Zen lowered shares of Genworth Financial from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd.

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.