Valueworks LLC Sells 115,195 Shares of Genworth Financial, Inc. (NYSE:GNW)

Valueworks LLC lessened its stake in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 14.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 709,220 shares of the financial services provider's stock after selling 115,195 shares during the quarter. Genworth Financial accounts for about 1.7% of Valueworks LLC's investment portfolio, making the stock its 23rd biggest holding. Valueworks LLC owned about 0.17% of Genworth Financial worth $4,957,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Byrne Asset Management LLC increased its position in Genworth Financial by 148.9% during the fourth quarter. Byrne Asset Management LLC now owns 4,480 shares of the financial services provider's stock worth $31,000 after acquiring an additional 2,680 shares during the period. Jones Financial Companies Lllp bought a new stake in shares of Genworth Financial in the 4th quarter valued at $41,000. Smartleaf Asset Management LLC boosted its stake in Genworth Financial by 279.5% during the fourth 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 bought a new position in shares of Genworth Financial in the fourth quarter valued at $84,000. Finally, Landscape Capital Management L.L.C. bought a new position in shares of Genworth Financial in the fourth quarter valued at $85,000. Institutional investors and hedge funds own 81.85% of the company's stock.

Genworth Financial Trading Up 0.1%

Shares of GNW opened at $7.22 on Tuesday. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 10.62 and a beta of 0.99. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.29 and a current ratio of 0.29. Genworth Financial, Inc. has a fifty-two week low of $5.87 and a fifty-two week high of $7.90. The firm has a 50 day moving average price of $6.83 and a 200-day moving average price of $7.03.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.09). The company 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%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods raised their price objective 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.

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