Genworth Financial, Inc. $GNW Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc cut its stake in shares of Genworth Financial, Inc. (NYSE:GNW) by 21.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 131,822 shares of the financial services provider’s stock after selling 35,650 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Genworth Financial were worth $1,026,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Donald Smith & CO. Inc. lifted its holdings in shares of Genworth Financial by 4.5% during the first quarter. Donald Smith & CO. Inc. now owns 27,114,581 shares of the financial services provider’s stock valued at $192,242,000 after purchasing an additional 1,165,112 shares during the last quarter. American Century Companies Inc. lifted its stake in Genworth Financial by 11.6% during the first quarter. American Century Companies Inc. now owns 8,056,534 shares of the financial services provider’s stock valued at $57,121,000 after buying an additional 836,192 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Genworth Financial by 1.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 5,269,135 shares of the financial services provider’s stock valued at $37,358,000 after buying an additional 74,123 shares in the last quarter. Nuveen LLC acquired a new position in shares of Genworth Financial in the first quarter worth about $24,661,000. Finally, Bracebridge Capital LLC increased its position in shares of Genworth Financial by 12.6% in the first quarter. Bracebridge Capital LLC now owns 1,969,200 shares of the financial services provider’s stock worth $13,962,000 after acquiring an additional 220,000 shares in the last quarter. 81.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GNW has been the subject of several research analyst reports. Keefe, Bruyette & Woods upped their price target on shares of Genworth Financial from $9.50 to $10.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Weiss Ratings reissued a “buy (b-)” rating on shares of Genworth Financial in a research note on Monday, November 24th. Finally, Wall Street Zen raised Genworth Financial from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $10.00.

Genworth Financial Trading Down 0.5%

Shares of NYSE:GNW opened at $8.67 on Friday. The firm has a fifty day moving average of $8.65 and a two-hundred day moving average of $8.10. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.15. Genworth Financial, Inc. has a 12-month low of $5.99 and a 12-month high of $9.15. The firm has a market capitalization of $3.46 billion, a P/E ratio of 16.36 and a beta of 1.05.

Genworth Financial (NYSE:GNW) last posted its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The company had revenue of $1.04 billion during the quarter. Genworth Financial had a return on equity of 1.56% and a net margin of 3.01%.

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.