LSV Asset Management Cuts Position in Genworth Financial, Inc. (NYSE:GNW)

LSV Asset Management lowered its stake in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 1.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,941,100 shares of the financial services provider's stock after selling 54,930 shares during the period. LSV Asset Management owned 0.95% of Genworth Financial worth $27,942,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Byrne Asset Management LLC lifted its stake in shares of Genworth Financial by 69.5% in the first quarter. Byrne Asset Management LLC now owns 7,595 shares of the financial services provider's stock worth $54,000 after acquiring an additional 3,115 shares during the period. Blueshift Asset Management LLC acquired a new stake in Genworth Financial during the 1st quarter worth about $71,000. Abel Hall LLC bought a new position in shares of Genworth Financial in the 1st quarter worth about $71,000. Pennington Partners & CO. LLC bought a new stake in shares of Genworth Financial during the 4th quarter valued at about $84,000. Finally, Landscape Capital Management L.L.C. bought a new stake in Genworth Financial in the fourth quarter worth approximately $85,000. 81.85% of the stock is currently owned by institutional investors.

Genworth Financial Stock Performance

Shares of NYSE:GNW traded down $0.07 during mid-day trading on Thursday, reaching $8.15. The company had a trading volume of 5,118,857 shares, compared to its average volume of 6,311,928. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of 18.10 and a beta of 1.12. The company's 50-day moving average price is $7.51 and its 200-day moving average price is $7.11. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.16. Genworth Financial, Inc. has a one year low of $5.99 and a one year high of $8.28.

Genworth Financial (NYSE:GNW - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.11. Genworth Financial had a net margin of 2.61% and a return on equity of 1.91%. The company had revenue of $1.80 billion for the quarter.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on GNW shares. Wall Street Zen lowered Genworth Financial from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Keefe, Bruyette & Woods boosted their target price on shares of Genworth Financial from $9.00 to $9.50 and gave the stock an "outperform" rating in a research report on Wednesday, July 9th.

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.