Graham Capital Management L.P. Cuts Stock Position in Genworth Financial, Inc. (NYSE:GNW)

Graham Capital Management L.P. decreased its holdings in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) by 62.8% in the 4th quarter, according to its most recent disclosure 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 quarter. Graham Capital Management L.P.'s holdings in Genworth Financial were worth $838,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Xponance Inc. lifted its stake in shares of Genworth Financial by 9.5% in the 4th quarter. Xponance Inc. now owns 31,032 shares of the financial services provider's stock valued at $217,000 after acquiring an additional 2,693 shares during the last quarter. Barclays PLC lifted its position in shares of Genworth Financial by 291.2% during the 3rd quarter. Barclays PLC now owns 744,853 shares of the financial services provider's stock valued at $5,103,000 after buying an additional 554,462 shares during the last quarter. EMC Capital Management lifted its holdings in shares of Genworth Financial by 1,562.5% in the fourth quarter. EMC Capital Management now owns 37,771 shares of the financial services provider's stock worth $264,000 after buying an additional 35,499 shares in the last quarter. New York State Teachers Retirement System boosted its position in shares of Genworth Financial by 2.5% during the 4th quarter. New York State Teachers Retirement System now owns 550,940 shares of the financial services provider's stock valued at $3,851,000 after acquiring an additional 13,633 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Genworth Financial by 4.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 948,125 shares of the financial services provider's stock worth $6,627,000 after purchasing an additional 36,035 shares during the last quarter. Institutional investors own 81.85% of the company's stock.

Genworth Financial Price Performance

Shares of NYSE GNW traded up $0.03 during mid-day trading on Monday, hitting $7.24. 1,299,097 shares of the company's stock traded hands, compared to its average volume of 3,932,425. The company's 50-day moving average is $6.82 and its two-hundred day moving average is $7.02. Genworth Financial, Inc. has a 1 year low of $5.87 and a 1 year high of $7.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.29 and a quick ratio of 0.29. The company has a market capitalization of $3.00 billion, a P/E ratio of 10.64 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 (EPS) for the quarter, missing the consensus estimate 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%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods boosted their price target on Genworth Financial from $8.00 to $8.50 and gave the company a "market perform" rating in a report on Tuesday, May 13th.

Genworth Financial 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.