Two Sigma Advisers LP Cuts Position in Genworth Financial, Inc. (NYSE:GNW)

Two Sigma Advisers LP trimmed its position in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 33.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 133,900 shares of the financial services provider's stock after selling 68,300 shares during the period. Two Sigma Advisers LP's holdings in Genworth Financial were worth $936,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Byrne Asset Management LLC raised its stake in shares of Genworth Financial by 148.9% in the fourth quarter. Byrne Asset Management LLC now owns 4,480 shares of the financial services provider's stock worth $31,000 after buying an additional 2,680 shares during the period. Jones Financial Companies Lllp bought a new position in shares of Genworth Financial in the fourth quarter worth about $41,000. Smartleaf Asset Management LLC raised its stake in shares of Genworth Financial by 279.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 10,494 shares of the financial services provider's stock worth $73,000 after buying an additional 7,729 shares during the period. Pennington Partners & CO. LLC bought a new position in shares of Genworth Financial in the fourth quarter worth about $84,000. Finally, Landscape Capital Management L.L.C. bought a new position in shares of Genworth Financial in the fourth quarter worth about $85,000. 81.85% of the stock is owned by hedge funds and other institutional investors.

Genworth Financial Price Performance

Shares of NYSE:GNW traded down $0.17 during trading on Thursday, hitting $6.77. 7,740,589 shares of the company's stock were exchanged, compared to its average volume of 4,191,967. 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 52-week low of $5.87 and a 52-week high of $7.90. The business's 50-day simple moving average is $6.83 and its 200 day simple moving average is $7.01. The company has a market cap of $2.81 billion, a price-to-earnings ratio of 9.96 and a beta of 0.99.

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 2.96% and a net margin of 4.10%. The business had revenue of $1.76 billion for the quarter.

Wall Street Analyst Weigh In

Several research firms have recently commented on GNW. Keefe, Bruyette & Woods raised their price objective on Genworth Financial from $8.00 to $8.50 and gave the stock a "market perform" rating in a research note on Tuesday, May 13th. Wall Street Zen downgraded Genworth Financial from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd.

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.