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

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

Other institutional investors also recently bought and sold shares of the company. Byrne Asset Management LLC lifted 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 worth $31,000 after buying an additional 2,680 shares during the period. Jones Financial Companies Lllp acquired a new stake in Genworth Financial during the 4th quarter worth about $41,000. Smartleaf Asset Management LLC increased its holdings 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 valued at $73,000 after purchasing an additional 7,729 shares during the period. Pennington Partners & CO. LLC acquired a new stake in shares of Genworth Financial during the fourth quarter worth about $84,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in Genworth Financial in the fourth quarter valued at approximately $85,000. 81.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Genworth Financial Stock Performance

Shares of GNW stock traded up $0.19 on Friday, hitting $7.23. The company had a trading volume of 9,411,223 shares, compared to its average volume of 3,927,473. The firm has a market cap of $3.00 billion, a P/E ratio of 10.64 and a beta of 0.99. Genworth Financial, Inc. has a twelve month low of $5.87 and a twelve month high of $7.90. The company has a 50-day moving average price of $6.80 and a 200-day moving average price of $7.02. 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 issued 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). The firm had revenue of $1.76 billion during the quarter. Genworth Financial had a return on equity of 2.96% and a net margin of 4.10%.

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.