Genworth Financial, Inc. (NYSE:GNW) Shares Sold by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC cut its holdings in shares of Genworth Financial, Inc. (NYSE:GNW) by 55.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,200 shares of the financial services provider’s stock after selling 32,111 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in Genworth Financial were worth $183,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Savant Capital LLC increased its holdings in Genworth Financial by 11.9% in the fourth quarter. Savant Capital LLC now owns 17,155 shares of the financial services provider’s stock valued at $120,000 after buying an additional 1,830 shares during the last quarter. Factorial Partners LLC increased its holdings in shares of Genworth Financial by 0.3% in the 4th quarter. Factorial Partners LLC now owns 622,000 shares of the financial services provider’s stock valued at $4,348,000 after acquiring an additional 2,000 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Genworth Financial by 4.9% in the 4th quarter. CIBC Asset Management Inc now owns 43,219 shares of the financial services provider’s stock valued at $302,000 after acquiring an additional 2,003 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of Genworth Financial by 14.0% in the 4th quarter. HighTower Advisors LLC now owns 17,590 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 2,154 shares during the last quarter. Finally, Summit Investment Advisors Inc. increased its holdings in shares of Genworth Financial by 5.5% in the 4th quarter. Summit Investment Advisors Inc. now owns 45,038 shares of the financial services provider’s stock valued at $315,000 after acquiring an additional 2,329 shares during the last quarter. Hedge funds and other institutional investors own 81.85% of the company’s stock.

Genworth Financial Trading Down 1.4%

NYSE GNW opened at $6.96 on Thursday. The firm’s fifty day moving average price is $6.78 and its 200 day moving average price is $7.01. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of 10.24 and a beta of 0.99. Genworth Financial, Inc. has a 12 month low of $5.87 and a 12 month 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.

Genworth Financial (NYSE:GNW) last issued its quarterly earnings data 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 firm had revenue of $1.76 billion for the quarter. Genworth Financial had a return on equity of 2.96% and a net margin of 4.10%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods increased their price target on shares of Genworth Financial from $8.00 to $8.50 and gave the company a “market perform” rating in a research note on Tuesday.

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.