Two Sigma Investments LP Sells 438,949 Shares of Genworth Financial, Inc. (NYSE:GNW)

Two Sigma Investments LP lessened its stake in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) by 34.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 827,700 shares of the financial services provider's stock after selling 438,949 shares during the period. Two Sigma Investments LP owned 0.19% of Genworth Financial worth $5,786,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of GNW. Donald Smith & CO. Inc. lifted its holdings in Genworth Financial by 3.7% during the 4th quarter. Donald Smith & CO. Inc. now owns 25,949,469 shares of the financial services provider's stock worth $181,387,000 after buying an additional 934,175 shares during the period. American Century Companies Inc. increased its holdings in Genworth Financial by 8.8% during the 4th quarter. American Century Companies Inc. now owns 7,220,342 shares of the financial services provider's stock worth $50,470,000 after purchasing an additional 582,147 shares in the last quarter. Northern Trust Corp boosted its stake 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 buying an additional 922,126 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Genworth Financial by 70.2% in the 4th quarter. Prudential Financial Inc. now owns 5,567,978 shares of the financial services provider's stock worth $38,920,000 after buying an additional 2,296,538 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Genworth Financial by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,195,012 shares of the financial services provider's stock worth $36,313,000 after buying an additional 99,120 shares during the last quarter. Institutional investors own 81.85% of the company's stock.

Genworth Financial Stock Up 0.4%

GNW traded up $0.03 on Friday, hitting $7.05. The company had a trading volume of 8,622,985 shares, compared to its average volume of 4,131,043. 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 stock has a fifty day simple moving average of $6.84 and a 200-day simple moving average of $7.02. The firm has a market capitalization of $2.92 billion, a P/E ratio of 10.37 and a beta of 0.99.

Genworth Financial (NYSE:GNW - Get Free Report) last announced its earnings results on Wednesday, April 30th. The financial services provider reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.09). The business had revenue of $1.76 billion for the quarter. Genworth Financial had a net margin of 4.10% and a return on equity of 2.96%.

Analyst Upgrades and Downgrades

GNW has been the topic of several research analyst reports. Wall Street Zen downgraded Genworth Financial from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Keefe, Bruyette & Woods upped their price target on shares of Genworth Financial from $8.00 to $8.50 and gave the stock a "market perform" rating in a report 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.