Victory Capital Management Inc. Sells 92,198 Shares of Genworth Financial, Inc. (NYSE:GNW)

Victory Capital Management Inc. lowered its position in Genworth Financial, Inc. (NYSE:GNW) by 14.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 564,240 shares of the financial services provider’s stock after selling 92,198 shares during the period. Victory Capital Management Inc. owned approximately 0.13% of Genworth Financial worth $3,944,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Repertoire Partners LP purchased a new position in Genworth Financial during the third quarter valued at approximately $6,850,000. Whitefort Capital Management LP boosted its stake in Genworth Financial by 49.6% in the third quarter. Whitefort Capital Management LP now owns 2,986,960 shares of the financial services provider’s stock valued at $20,461,000 after acquiring an additional 990,000 shares in the last quarter. FMR LLC boosted its stake in Genworth Financial by 18.7% in the third quarter. FMR LLC now owns 5,675,896 shares of the financial services provider’s stock valued at $38,880,000 after acquiring an additional 894,053 shares in the last quarter. Verition Fund Management LLC boosted its stake in 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 valued at $6,646,000 after acquiring an additional 873,237 shares in the last quarter. Finally, Barclays PLC boosted its stake in Genworth Financial by 291.2% in the third quarter. Barclays PLC now owns 744,853 shares of the financial services provider’s stock valued at $5,103,000 after acquiring an additional 554,462 shares in the last quarter. 81.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Genworth Financial Trading Up 2.9 %

NYSE GNW opened at $6.64 on Friday. Genworth Financial, Inc. has a 1 year low of $5.67 and a 1 year 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. The company has a fifty day moving average of $6.95 and a 200 day moving average of $7.03. The company has a market capitalization of $2.78 billion, a PE ratio of 9.76 and a beta of 1.02.

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

About Genworth Financial

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.