Graham Capital Management L.P. Reduces Holdings in Genworth Financial, Inc. (NYSE:GNW)

Graham Capital Management L.P. trimmed its holdings in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 62.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 119,929 shares of the financial services provider's stock after selling 202,597 shares during the period. Graham Capital Management L.P.'s holdings in Genworth Financial were worth $838,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in GNW. Byrne Asset Management LLC grew its stake in Genworth Financial by 148.9% in the 4th quarter. Byrne Asset Management LLC now owns 4,480 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 2,680 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Genworth Financial in the fourth quarter worth approximately $41,000. Smartleaf Asset Management LLC boosted its position 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 acquiring an additional 7,729 shares during the last quarter. Pennington Partners & CO. LLC acquired a new stake in shares of Genworth Financial in the fourth quarter worth approximately $84,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Genworth Financial in the fourth quarter worth approximately $85,000. 81.85% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods raised their target price on shares of Genworth Financial from $8.00 to $8.50 and gave the stock a "market perform" rating in a research report on Tuesday.

Genworth Financial Trading Up 2.7%

Shares of GNW traded up $0.19 during mid-day trading on Friday, hitting $7.23. The company had a trading volume of 9,411,223 shares, compared to its average volume of 3,935,046. The stock has a market cap of $3.00 billion, a PE ratio of 10.64 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, Inc. has a 1-year low of $5.87 and a 1-year high of $7.90. The business's 50-day simple moving average is $6.80 and its 200-day simple moving average is $7.02.

Genworth Financial (NYSE:GNW - Get Free Report) last announced its quarterly 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%.

Genworth Financial Company Profile

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.