Genworth Financial, Inc. (NYSE:GNW) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado decreased its stake in shares of Genworth Financial, Inc. (NYSE:GNW) by 10.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,449 shares of the financial services provider’s stock after selling 6,759 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Genworth Financial were worth $335,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in GNW. Donald Smith & CO. Inc. increased its position in shares of Genworth Financial by 14.5% in the 1st quarter. Donald Smith & CO. Inc. now owns 24,244,607 shares of the financial services provider’s stock valued at $155,893,000 after acquiring an additional 3,069,355 shares during the period. American Century Companies Inc. grew its stake in Genworth Financial by 9.1% during the 2nd quarter. American Century Companies Inc. now owns 7,054,069 shares of the financial services provider’s stock valued at $42,607,000 after purchasing an additional 590,496 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Genworth Financial by 138.3% in the second quarter. Assenagon Asset Management S.A. now owns 4,233,541 shares of the financial services provider’s stock valued at $25,571,000 after purchasing an additional 2,456,816 shares during the period. Norges Bank purchased a new position in shares of Genworth Financial in the fourth quarter worth about $23,292,000. Finally, Whitefort Capital Management LP lifted its holdings in shares of Genworth Financial by 31.6% during the first quarter. Whitefort Capital Management LP now owns 1,996,960 shares of the financial services provider’s stock worth $12,840,000 after purchasing an additional 479,688 shares during the period. Hedge funds and other institutional investors own 81.85% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Genworth Financial

In related news, CEO Thomas J. Mcinerney sold 150,000 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $6.88, for a total value of $1,032,000.00. Following the sale, the chief executive officer now directly owns 4,532,954 shares in the company, valued at approximately $31,186,723.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.80% of the company’s stock.

Genworth Financial Price Performance

Shares of GNW opened at $6.77 on Friday. The business’s 50-day moving average is $6.69 and its two-hundred day moving average is $6.39. The company has a market capitalization of $2.96 billion, a P/E ratio of 35.61 and a beta of 0.94. Genworth Financial, Inc. has a fifty-two week low of $5.32 and a fifty-two week high of $7.01. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.29 and a current ratio of 0.29.

Genworth Financial (NYSE:GNW) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. The company had revenue of $1.77 billion during the quarter. Genworth Financial had a net margin of 0.43% and a return on equity of 0.25%. During the same quarter in the previous year, the company posted $0.29 EPS.

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.