Squarepoint Ops LLC Trims Position in Genworth Financial, Inc. (NYSE:GNW)

Squarepoint Ops LLC cut its stake in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 48.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,022 shares of the financial services provider's stock after selling 166,706 shares during the period. Squarepoint Ops LLC's holdings in Genworth Financial were worth $1,223,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. lifted its stake in shares of Genworth Financial by 3.7% in the 4th quarter. Donald Smith & CO. Inc. now owns 25,949,469 shares of the financial services provider's stock valued at $181,387,000 after acquiring an additional 934,175 shares during the last quarter. American Century Companies Inc. increased its position in shares of Genworth Financial by 8.8% during the fourth quarter. American Century Companies Inc. now owns 7,220,342 shares of the financial services provider's stock worth $50,470,000 after buying an additional 582,147 shares during the period. Northern Trust Corp raised its position in shares of Genworth Financial by 18.1% in the 4th quarter. Northern Trust Corp now owns 6,025,178 shares of the financial services provider's stock worth $42,116,000 after acquiring an additional 922,126 shares in the last quarter. Prudential Financial Inc. increased its holdings in Genworth Financial by 70.2% in the fourth quarter. Prudential Financial Inc. now owns 5,567,978 shares of the financial services provider's stock worth $38,920,000 after purchasing an additional 2,296,538 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Genworth Financial by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,195,012 shares of the financial services provider's stock valued at $36,313,000 after acquiring an additional 99,120 shares during the period. 81.85% of the stock is owned by institutional investors and hedge funds.

Genworth Financial Price Performance

GNW stock traded down $0.13 during mid-day trading on Wednesday, hitting $6.94. 5,200,228 shares of the stock were exchanged, compared to its average volume of 4,169,470. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 10.21 and a beta of 0.99. 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 $5.87 and a 12 month high of $7.90. The business has a fifty day moving average price of $6.84 and a 200 day moving average price of $7.02.

Genworth Financial (NYSE:GNW - Get Free Report) last issued its earnings results 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). 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 for the quarter.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Wall Street Zen cut shares of Genworth Financial from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Keefe, Bruyette & Woods boosted 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.

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.