Jacobs Levy Equity Management Inc. Reduces Stake in Genworth Financial, Inc. (NYSE:GNW)

Jacobs Levy Equity Management Inc. reduced its holdings in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,117,394 shares of the financial services provider's stock after selling 54,427 shares during the period. Jacobs Levy Equity Management Inc. owned 0.50% of Genworth Financial worth $14,801,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Xponance Inc. boosted its holdings in 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 purchasing an additional 2,693 shares during the period. Barclays PLC boosted its stake in Genworth Financial by 291.2% during the third quarter. Barclays PLC now owns 744,853 shares of the financial services provider's stock worth $5,103,000 after acquiring an additional 554,462 shares in the last quarter. EMC Capital Management boosted its stake in Genworth Financial by 1,562.5% during the fourth quarter. EMC Capital Management now owns 37,771 shares of the financial services provider's stock worth $264,000 after acquiring an additional 35,499 shares in the last quarter. New York State Teachers Retirement System lifted its stake in shares of Genworth Financial by 2.5% in the fourth 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 buying an additional 13,633 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Genworth Financial by 4.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 948,125 shares of the financial services provider's stock valued at $6,627,000 after buying an additional 36,035 shares in the last quarter. 81.85% of the stock is currently owned by institutional investors and hedge funds.

Genworth Financial Stock Up 2.7%

Shares of NYSE:GNW traded up $0.19 during midday trading on Friday, reaching $7.23. The company's stock had a trading volume of 9,411,223 shares, compared to its average volume of 3,941,446. The firm has a 50 day moving average of $6.82 and a 200-day moving average of $7.02. The firm has a market capitalization of $3.00 billion, a P/E 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 12-month low of $5.87 and a 12-month high of $7.90.

Genworth Financial (NYSE:GNW - Get Free Report) last posted 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 Upgrades and Downgrades

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.