Rhumbline Advisers Lowers Stock Holdings in Genworth Financial, Inc. (NYSE:GNW)

Rhumbline Advisers reduced its stake in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) by 5.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,267,650 shares of the financial services provider's stock after selling 70,687 shares during the quarter. Rhumbline Advisers owned 0.30% of Genworth Financial worth $8,988,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of GNW. Xponance Inc. grew its stake in shares of Genworth Financial by 9.5% in the fourth quarter. Xponance Inc. now owns 31,032 shares of the financial services provider's stock worth $217,000 after purchasing an additional 2,693 shares during the last quarter. New York State Teachers Retirement System grew its stake in shares of Genworth Financial by 2.5% in the fourth quarter. New York State Teachers Retirement System now owns 550,940 shares of the financial services provider's stock worth $3,851,000 after purchasing an additional 13,633 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Genworth Financial by 4.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 948,125 shares of the financial services provider's stock worth $6,627,000 after purchasing an additional 36,035 shares during the last quarter. Truist Financial Corp bought a new stake in shares of Genworth Financial in the fourth quarter worth about $105,000. Finally, Oppenheimer & Co. Inc. grew its stake in shares of Genworth Financial by 12.7% in the fourth quarter. Oppenheimer & Co. Inc. now owns 44,300 shares of the financial services provider's stock worth $310,000 after purchasing an additional 5,000 shares during the last quarter. 81.85% of the stock is owned by institutional investors.

Genworth Financial Stock Down 1.6%

GNW traded down $0.11 on Friday, hitting $6.95. The company had a trading volume of 6,069,187 shares, compared to its average volume of 4,291,889. 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 52-week low of $5.87 and a 52-week high of $7.90. The stock has a fifty day simple moving average of $6.85 and a 200-day simple moving average of $6.98. The firm has a market capitalization of $2.88 billion, a P/E ratio of 10.22 and a beta of 1.03.

Genworth Financial (NYSE:GNW - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.12 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.09). Genworth Financial had a return on equity of 2.96% and a net margin of 4.10%. The company had revenue of $1.76 billion during the quarter.

Analysts Set New Price Targets

GNW has been the topic of several recent analyst reports. Wall Street Zen cut Genworth Financial from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Keefe, Bruyette & Woods raised their target price on Genworth Financial from $8.00 to $8.50 and gave the stock a "market perform" rating in a research note on Tuesday, May 13th.

Genworth Financial 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.