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

Rhumbline Advisers decreased its position in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 5.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,267,650 shares of the financial services provider's stock after selling 70,687 shares during the period. 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 bought and sold shares of GNW. GAMMA Investing LLC boosted its position in Genworth Financial by 494.7% during the first quarter. GAMMA Investing LLC now owns 64,455 shares of the financial services provider's stock worth $457,000 after purchasing an additional 53,617 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Genworth Financial in the fourth quarter valued at approximately $3,907,000. Jefferies Financial Group Inc. increased its holdings in Genworth Financial by 47.0% in the 4th quarter. Jefferies Financial Group Inc. now owns 29,127 shares of the financial services provider's stock valued at $204,000 after purchasing an additional 9,306 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of Genworth Financial by 21.2% in the fourth quarter. Mackenzie Financial Corp now owns 117,977 shares of the financial services provider's stock valued at $825,000 after purchasing an additional 20,624 shares in the last quarter. Finally, Forum Financial Management LP boosted its stake in shares of Genworth Financial by 12.6% in the 4th quarter. Forum Financial Management LP now owns 23,131 shares of the financial services provider's stock valued at $162,000 after buying an additional 2,584 shares during the period. 81.85% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GNW. Wall Street Zen downgraded Genworth Financial from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Keefe, Bruyette & Woods upped their price objective 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 Stock Performance

NYSE:GNW traded up $0.08 during mid-day trading on Thursday, reaching $7.00. The stock had a trading volume of 1,535,273 shares, compared to its average volume of 4,257,119. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 10.29 and a beta of 1.03. The business has a 50 day simple moving average of $6.82 and a 200 day simple moving average of $6.99. Genworth Financial, Inc. has a twelve month low of $5.87 and a twelve month high of $7.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.29 and a current ratio of 0.29.

Genworth Financial (NYSE:GNW - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $1.76 billion during the quarter.

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.