Genworth Financial, Inc. (NYSE:GNW) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its holdings in shares of Genworth Financial, Inc. (NYSE:GNW) by 10.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,874,162 shares of the financial services provider’s stock after selling 352,876 shares during the period. Bank of New York Mellon Corp owned 0.67% of Genworth Financial worth $20,090,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Verition Fund Management LLC boosted its stake in shares of Genworth Financial by 900.7% during the third quarter. Verition Fund Management LLC now owns 970,185 shares of the financial services provider’s stock worth $6,646,000 after buying an additional 873,237 shares during the period. JPMorgan Chase & Co. raised its stake in Genworth Financial by 30.1% during 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 acquiring an additional 450,329 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in Genworth Financial by 19.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,171,821 shares of the financial services provider’s stock worth $14,877,000 after acquiring an additional 348,627 shares during the period. Barclays PLC grew its stake 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 valued at $5,103,000 after purchasing an additional 554,462 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Genworth Financial by 155.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 431,129 shares of the financial services provider’s stock valued at $2,953,000 after purchasing an additional 262,027 shares during the period. 81.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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 Down 2.6 %

GNW stock opened at $6.49 on Tuesday. The stock has a market capitalization of $2.72 billion, a PE ratio of 9.54 and a beta of 1.02. The company has a fifty day moving average of $6.98 and a 200-day moving average of $7.04. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.29 and a current ratio of 0.29. Genworth Financial, Inc. has a one year low of $5.67 and a one year high of $7.90.

Genworth Financial (NYSE:GNW) last announced its quarterly earnings data on Tuesday, February 18th. The financial services provider reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.14). Genworth Financial had a net margin of 4.10% and a return on equity of 2.96%. The business had revenue of $1.82 billion during the quarter. During the same quarter in the previous year, the company earned ($0.51) earnings per share.

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.