Dimensional Fund Advisors LP Sells 122,797 Shares of Genworth Financial, Inc. (NYSE:GNW)

Dimensional Fund Advisors LP decreased its holdings in shares of Genworth Financial, Inc. (NYSE:GNW) by 0.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,494,623 shares of the financial services provider’s stock after selling 122,797 shares during the period. Dimensional Fund Advisors LP owned 6.97% of Genworth Financial worth $184,189,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in GNW. Vanguard Personalized Indexing Management LLC grew its stake in shares of Genworth Financial by 6.9% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 46,509 shares of the financial services provider’s stock worth $311,000 after buying an additional 3,009 shares during the last quarter. Norges Bank purchased a new stake in shares of Genworth Financial in the 4th quarter worth approximately $23,292,000. Franklin Resources Inc. grew its stake in shares of Genworth Financial by 14.8% in the 4th quarter. Franklin Resources Inc. now owns 339,259 shares of the financial services provider’s stock worth $2,266,000 after buying an additional 43,810 shares during the last quarter. IMC Chicago LLC purchased a new stake in shares of Genworth Financial in the 4th quarter worth approximately $410,000. Finally, Objectivity Squared LLC purchased a new stake in shares of Genworth Financial in the 4th quarter worth approximately $148,000. Institutional investors own 81.85% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Genworth Financial from a “buy” rating to a “hold” rating in a research note on Friday, September 6th.

Genworth Financial Price Performance

Shares of NYSE:GNW opened at $6.86 on Friday. The firm’s 50 day moving average price is $6.65 and its 200-day moving average price is $6.37. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $3.00 billion, a PE ratio of 36.11 and a beta of 0.94. Genworth Financial, Inc. has a twelve month low of $5.32 and a twelve month high of $7.01.

Genworth Financial (NYSE:GNW) last issued its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.09. Genworth Financial had a net margin of 0.43% and a return on equity of 0.25%. The business had revenue of $1.77 billion for the quarter. During the same quarter in the prior year, the business earned $0.29 EPS.

Insider Buying and Selling

In other Genworth Financial news, CEO Thomas J. Mcinerney sold 150,000 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $6.88, for a total transaction of $1,032,000.00. Following the completion of the sale, the chief executive officer now owns 4,532,954 shares of the company’s stock, valued at $31,186,723.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is owned by insiders.

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.