Genworth Financial, Inc. (NYSE:GNW) Shares Sold by Crescent Grove Advisors LLC

Crescent Grove Advisors LLC trimmed its holdings in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) by 82.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,000 shares of the financial services provider's stock after selling 140,000 shares during the period. Crescent Grove Advisors LLC's holdings in Genworth Financial were worth $200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. boosted its stake in Genworth Financial by 1.7% in the first quarter. BlackRock Inc. now owns 74,167,167 shares of the financial services provider's stock valued at $280,352,000 after acquiring an additional 1,229,799 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Genworth Financial by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 56,637,689 shares of the financial services provider's stock valued at $214,089,000 after purchasing an additional 1,277,332 shares during the last quarter. State Street Corp boosted its position in shares of Genworth Financial by 1.7% in the 2nd quarter. State Street Corp now owns 21,013,715 shares of the financial services provider's stock valued at $74,178,000 after purchasing an additional 353,849 shares during the period. Dimensional Fund Advisors LP grew its stake in Genworth Financial by 25.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 12,752,890 shares of the financial services provider's stock worth $48,206,000 after buying an additional 2,590,196 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Genworth Financial by 3.5% in the first quarter. Geode Capital Management LLC now owns 9,319,037 shares of the financial services provider's stock valued at $46,782,000 after acquiring an additional 317,805 shares during the period. 81.85% of the stock is owned by institutional investors and hedge funds.

Genworth Financial Stock Performance

Shares of GNW traded down $0.02 during mid-day trading on Wednesday, hitting $5.79. 2,319,821 shares of the company's stock were exchanged, compared to its average volume of 2,766,367. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.19. Genworth Financial, Inc. has a fifty-two week low of $4.51 and a fifty-two week high of $6.93. The business's 50 day moving average is $6.20 and its two-hundred day moving average is $6.17. The firm has a market capitalization of $2.54 billion, a P/E ratio of -579,000.00 and a beta of 1.06.

Genworth Financial (NYSE:GNW - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The financial services provider reported ($0.51) earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.70). Genworth Financial had a negative return on equity of 0.23% and a net margin of 0.21%. The company had revenue of $1.91 billion for the quarter. During the same period last year, the firm earned $0.35 earnings per share.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods upped their price target on shares of Genworth Financial from $6.50 to $7.00 and gave the company a "market perform" rating in a research report on Wednesday, April 10th.

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.