Genworth Financial, Inc. (NYSE:GNW) Shares Sold by Man Group plc

Man Group plc reduced its holdings in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) by 60.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (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 approximately 0.15% of Genworth Financial worth $4,520,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Donald Smith & CO. Inc. increased 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 buying an additional 934,175 shares in the last quarter. American Century Companies Inc. grew its stake 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 purchasing an additional 582,147 shares during the last quarter. Northern Trust Corp grew its stake 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 purchasing an additional 922,126 shares during the last quarter. Prudential Financial Inc. grew its stake 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 purchasing an additional 2,296,538 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake 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 purchasing an additional 99,120 shares during the last quarter. 81.85% of the stock is owned by institutional investors and hedge funds.

Genworth Financial Stock Down 3.7%

Genworth Financial stock opened at $6.96 on Thursday. 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 business's 50-day simple moving average is $6.85 and its two-hundred day simple moving average is $7.03. The company has a market cap of $2.88 billion, a PE ratio of 10.23 and a beta of 0.99. Genworth Financial, Inc. has a fifty-two week low of $5.87 and a fifty-two week high of $7.90.

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 for the quarter, missing the consensus estimate of $0.21 by ($0.09). The firm had revenue of $1.76 billion for the quarter. Genworth Financial had a net margin of 4.10% and a return on equity of 2.96%.

Wall Street Analyst Weigh In

Separately, 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 research note on Tuesday, May 13th.

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.

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