Moody Aldrich Partners LLC Trims Holdings in Genworth Financial, Inc. (NYSE:GNW)

Moody Aldrich Partners LLC lowered its holdings in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 27.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 245,291 shares of the financial services provider's stock after selling 93,881 shares during the period. Moody Aldrich Partners LLC owned approximately 0.06% of Genworth Financial worth $1,739,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Jones Financial Companies Lllp acquired a new position in Genworth Financial during the 4th quarter worth approximately $41,000. Byrne Asset Management LLC grew its holdings in Genworth Financial by 69.5% during the 1st 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 in the last quarter. Smartleaf Asset Management LLC grew its holdings in Genworth Financial by 279.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 10,494 shares of the financial services provider's stock worth $73,000 after acquiring an additional 7,729 shares in the last quarter. Pennington Partners & CO. LLC acquired a new position in Genworth Financial during the 4th quarter worth approximately $84,000. Finally, Landscape Capital Management L.L.C. acquired a new position in Genworth Financial during the 4th quarter worth approximately $85,000. Institutional investors and hedge funds own 81.85% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on GNW. Keefe, Bruyette & Woods upgraded shares of Genworth Financial from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $8.50 to $9.00 in a report on Wednesday, June 18th. Wall Street Zen cut shares of Genworth Financial from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd.

Genworth Financial Stock Down 1.9%

Shares of NYSE:GNW traded down $0.15 during trading on Monday, hitting $7.84. 7,208,402 shares of the company were exchanged, compared to its average volume of 4,610,352. The stock has a market capitalization of $3.25 billion, a P/E ratio of 15.68 and a beta of 1.06. 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 12-month low of $5.95 and a 12-month high of $8.08. The firm's 50 day moving average price is $7.19 and its 200-day moving average price is $7.00.

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 for the quarter, missing the consensus estimate of $0.21 by ($0.09). The company had revenue of $1.76 billion for the quarter. Genworth Financial had a return on equity of 2.53% and a net margin of 2.97%.

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.