Retirement Systems of Alabama decreased its holdings in shares of Genworth Financial Inc (NYSE:GNW) by 33.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 912,936 shares of the financial services provider’s stock after selling 464,486 shares during the period. Retirement Systems of Alabama owned about 0.18% of Genworth Financial worth $3,515,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in GNW. Teachers Advisors LLC increased its stake in Genworth Financial by 1.5% during the first quarter. Teachers Advisors LLC now owns 872,173 shares of the financial services provider’s stock valued at $3,593,000 after purchasing an additional 12,854 shares during the last quarter. KCG Holdings Inc. increased its stake in Genworth Financial by 7.2% during the first quarter. KCG Holdings Inc. now owns 64,302 shares of the financial services provider’s stock valued at $265,000 after purchasing an additional 4,310 shares during the last quarter. Creative Planning increased its stake in Genworth Financial by 19.5% during the second quarter. Creative Planning now owns 118,050 shares of the financial services provider’s stock valued at $445,000 after purchasing an additional 19,300 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in Genworth Financial by 4.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 182,653 shares of the financial services provider’s stock valued at $689,000 after purchasing an additional 7,747 shares during the last quarter. Finally, LS Investment Advisors LLC increased its stake in Genworth Financial by 18.0% during the second quarter. LS Investment Advisors LLC now owns 38,939 shares of the financial services provider’s stock valued at $147,000 after purchasing an additional 5,936 shares during the last quarter. Hedge funds and other institutional investors own 68.09% of the company’s stock.

Genworth Financial Inc (NYSE GNW) opened at $3.45 on Thursday. The company has a market cap of $1,737.07, a PE ratio of 7.40, a PEG ratio of 0.74 and a beta of 2.80. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. Genworth Financial Inc has a 12-month low of $3.12 and a 12-month high of $4.42.

Genworth Financial (NYSE:GNW) last released its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.15 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.05). The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.12 billion. Genworth Financial had a return on equity of 1.57% and a net margin of 3.88%. The firm’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.81) EPS. research analysts expect that Genworth Financial Inc will post 0.94 EPS for the current fiscal year.

WARNING: This report was originally posted by Watch List News and is owned by of Watch List News. If you are reading this report on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The original version of this report can be viewed at https://www.watchlistnews.com/retirement-systems-of-alabama-sells-464486-shares-of-genworth-financial-inc-gnw/1721432.html.

Several research firms have weighed in on GNW. BidaskClub upgraded shares of Genworth Financial from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 9th. ValuEngine upgraded shares of Genworth Financial from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Wells Fargo & Company reiterated a “hold” rating on shares of Genworth Financial in a research note on Monday, October 2nd. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $4.00 target price on shares of Genworth Financial in a research note on Tuesday, October 3rd. Finally, BTIG Research reiterated a “neutral” rating on shares of Genworth Financial in a research note on Saturday, September 16th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $3.92.

Genworth Financial Company Profile

Genworth Financial, Inc (Genworth) is a financial security company. The Company provides insurance, wealth management, investment and financial solutions. As of December 31, 2011, the Company had more than 15 million customers, with a presence in more than 25 countries. The Company operates in Insurance, Mortgage Insurance and Corporate and Runoff.

Institutional Ownership by Quarter for Genworth Financial (NYSE:GNW)

Receive News & Ratings for Genworth Financial Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genworth Financial Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.