Genworth Financial, Inc. (NYSE:GNW) Position Reduced by Franklin Resources Inc.

Franklin Resources Inc. reduced its stake in shares of Genworth Financial, Inc. (NYSE:GNW) by 4.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 451,756 shares of the financial services provider’s stock after selling 20,195 shares during the period. Franklin Resources Inc. owned about 0.11% of Genworth Financial worth $3,230,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Verition Fund Management LLC lifted its position 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 purchasing an additional 873,237 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in Genworth Financial by 19.1% during 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. Donald Smith & CO. Inc. lifted its holdings in Genworth Financial by 3.7% during the 3rd quarter. Donald Smith & CO. Inc. now owns 25,015,294 shares of the financial services provider’s stock worth $171,355,000 after buying an additional 901,485 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Genworth Financial by 155.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 431,129 shares of the financial services provider’s stock worth $2,953,000 after acquiring an additional 262,027 shares in the last quarter. Finally, Algert Global LLC increased its holdings in shares of Genworth Financial by 23.4% in the 3rd quarter. Algert Global LLC now owns 731,705 shares of the financial services provider’s stock valued at $5,012,000 after acquiring an additional 138,674 shares during the last quarter. Institutional investors own 81.85% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Genworth Financial Stock Performance

GNW stock opened at $7.09 on Thursday. The company has a market capitalization of $3.03 billion, a P/E ratio of 33.76 and a beta of 0.99. 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 company has a 50-day simple moving average of $7.25 and a 200 day simple moving average of $6.79. Genworth Financial, Inc. has a fifty-two week low of $5.67 and a fifty-two week high of $7.90.

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.