Teacher Retirement System of Texas Reduces Stock Position in Genworth Financial, Inc. (NYSE:GNW)

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

Other large investors also recently bought and sold shares of the company. NDVR Inc. raised its holdings in shares of Genworth Financial by 8.6% in the fourth quarter. NDVR Inc. now owns 24,329 shares of the financial services provider's stock valued at $170,000 after buying an additional 1,922 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of Genworth Financial by 14.0% in 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 last quarter. Summit Investment Advisors Inc. raised its holdings in shares of Genworth Financial by 5.5% in the fourth quarter. Summit Investment Advisors Inc. now owns 45,038 shares of the financial services provider's stock valued at $315,000 after buying an additional 2,329 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Genworth Financial by 13.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 19,861 shares of the financial services provider's stock valued at $139,000 after buying an additional 2,343 shares during the last quarter. Finally, Mariner LLC raised its holdings in shares of Genworth Financial by 3.8% in the fourth quarter. Mariner LLC now owns 68,689 shares of the financial services provider's stock valued at $480,000 after buying an additional 2,514 shares during the last quarter. Institutional investors and hedge funds own 81.85% of the company's stock.

Genworth Financial Stock Performance

NYSE GNW traded up $0.09 on Wednesday, hitting $7.35. 5,152,756 shares of the company's stock were exchanged, compared to its average volume of 4,670,701. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.29 and a quick ratio of 0.29. The firm's 50-day moving average price is $7.27 and its two-hundred day moving average price is $7.02. Genworth Financial, Inc. has a fifty-two week low of $5.99 and a fifty-two week high of $8.08. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 14.69 and a beta of 1.06.

Genworth Financial (NYSE:GNW - Get Free Report) last released its 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 return on equity of 2.53% and a net margin of 2.97%. The business had revenue of $1.76 billion for the quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on GNW shares. Wall Street Zen cut shares of Genworth Financial from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Keefe, Bruyette & Woods upped their target price on shares of Genworth Financial from $9.00 to $9.50 and gave the company an "outperform" rating in a report on Wednesday, July 9th.

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.