Valueworks LLC Decreases Stock Holdings in Genworth Financial, Inc. (NYSE:GNW)

Valueworks LLC decreased its position in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) by 14.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 709,220 shares of the financial services provider's stock after selling 115,195 shares during the period. Genworth Financial makes up about 1.7% of Valueworks LLC's investment portfolio, making the stock its 23rd largest position. Valueworks LLC owned 0.17% of Genworth Financial worth $4,957,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of GNW. Byrne Asset Management LLC boosted its stake in shares of 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 valued at $31,000 after purchasing an additional 2,680 shares during the period. Jones Financial Companies Lllp purchased a new stake in shares of Genworth Financial during the fourth quarter valued at $41,000. Smartleaf Asset Management LLC boosted its stake in shares of 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 valued at $73,000 after purchasing an additional 7,729 shares during the period. Pennington Partners & CO. LLC purchased a new stake in shares of Genworth Financial during the fourth quarter valued at $84,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in shares of Genworth Financial during the fourth quarter valued at $85,000. Institutional investors own 81.85% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Genworth Financial from a "hold" rating to a "sell" rating in a research note on Thursday. Keefe, Bruyette & Woods upped their price objective on shares of Genworth Financial from $8.00 to $8.50 and gave the stock a "market perform" rating in a research note on Tuesday, May 13th.

Genworth Financial Stock Up 0.7%

NYSE:GNW traded up $0.05 during mid-day trading on Friday, reaching $6.79. The company's stock had a trading volume of 11,776,943 shares, compared to its average volume of 4,086,761. Genworth Financial, Inc. has a 1 year low of $5.87 and a 1 year high of $7.90. The stock has a fifty day moving average of $6.85 and a 200-day moving average of $7.03. The firm has a market capitalization of $2.81 billion, a PE ratio of 9.98 and a beta of 0.99. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.16.

Genworth Financial (NYSE:GNW - Get Free Report) last released its quarterly earnings data 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). 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 during the quarter.

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.