Louisiana State Employees Retirement System Sells 2,500 Shares of Genworth Financial, Inc. (NYSE:GNW)

Louisiana State Employees Retirement System cut its position in Genworth Financial, Inc. (NYSE:GNW) by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 206,400 shares of the financial services provider’s stock after selling 2,500 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Genworth Financial were worth $1,443,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Verition Fund Management LLC increased its stake in shares of Genworth Financial by 900.7% in the third quarter. Verition Fund Management LLC now owns 970,185 shares of the financial services provider’s stock worth $6,646,000 after purchasing an additional 873,237 shares during the period. JPMorgan Chase & Co. increased its holdings in Genworth Financial by 30.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,947,016 shares of the financial services provider’s stock valued at $13,337,000 after buying an additional 450,329 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in Genworth Financial by 19.1% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,171,821 shares of the financial services provider’s stock valued at $14,877,000 after buying an additional 348,627 shares in the last quarter. Barclays PLC boosted its holdings in shares of Genworth Financial by 291.2% in the 3rd 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. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Genworth Financial by 155.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 431,129 shares of the financial services provider’s stock worth $2,953,000 after purchasing an additional 262,027 shares during the last quarter. Institutional investors own 81.85% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut Genworth Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th.

Genworth Financial Stock Performance

Shares of NYSE:GNW opened at $7.29 on Monday. Genworth Financial, Inc. has a 12-month low of $5.67 and a 12-month high of $7.90. The company’s 50 day moving average price is $7.12 and its two-hundred day moving average price is $7.01. The firm has a market cap of $3.11 billion, a PE ratio of 34.70 and a beta of 1.00. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.17.

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.