Teacher Retirement System of Texas Sells 143,762 Shares of Genworth Financial, Inc. (NYSE:GNW)

Teacher Retirement System of Texas decreased its holdings in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) by 45.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 169,585 shares of the financial services provider's stock after selling 143,762 shares during the quarter. Teacher Retirement System of Texas' holdings in Genworth Financial were worth $1,202,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in GNW. Jones Financial Companies Lllp acquired a new stake in Genworth Financial during the 4th quarter valued at $41,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Genworth Financial by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,195,012 shares of the financial services provider's stock worth $36,313,000 after buying an additional 99,120 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Genworth Financial during the fourth quarter worth $7,496,000. Amundi lifted its holdings in shares of Genworth Financial by 183.1% during the fourth quarter. Amundi now owns 215,289 shares of the financial services provider's stock worth $1,466,000 after buying an additional 139,231 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Genworth Financial by 15.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 127,621 shares of the financial services provider's stock worth $892,000 after buying an additional 16,937 shares in the last quarter. Institutional investors and hedge funds own 81.85% of the company's stock.

Genworth Financial Stock Performance

Shares of GNW traded down $0.12 during midday trading on Friday, reaching $7.30. 4,875,951 shares of the stock were exchanged, compared to its average volume of 4,659,942. Genworth Financial, Inc. has a twelve month low of $5.99 and a twelve month high of $8.08. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.16. The company has a market cap of $3.02 billion, a P/E ratio of 14.59 and a beta of 1.06. The stock's 50 day simple moving average is $7.26 and its 200 day simple moving average is $7.01.

Genworth Financial (NYSE:GNW - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.09). Genworth Financial had a return on equity of 2.53% and a net margin of 2.97%. The company had revenue of $1.76 billion during the quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Wall Street Zen downgraded Genworth Financial from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Keefe, Bruyette & Woods lifted their target price on Genworth Financial from $9.00 to $9.50 and gave the stock an "outperform" rating in a report on Wednesday.

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.