RMR Wealth Builders Has $70,000 Stock Position in Genworth Financial, Inc. (NYSE:GNW)

RMR Wealth Builders trimmed its position in Genworth Financial, Inc. (NYSE:GNW) by 47.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,500 shares of the financial services provider’s stock after selling 9,460 shares during the quarter. RMR Wealth Builders’ holdings in Genworth Financial were worth $70,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Illinois Municipal Retirement Fund acquired a new position in shares of Genworth Financial in the third quarter worth about $1,666,000. AQR Capital Management LLC boosted its holdings in shares of Genworth Financial by 14.2% in the third quarter. AQR Capital Management LLC now owns 1,752,247 shares of the financial services provider’s stock worth $10,268,000 after buying an additional 217,556 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of Genworth Financial during the fourth quarter worth approximately $22,482,000. Invesco Ltd. boosted its holdings in shares of Genworth Financial by 7.2% during the third quarter. Invesco Ltd. now owns 5,234,864 shares of the financial services provider’s stock worth $30,676,000 after purchasing an additional 350,729 shares during the period. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of Genworth Financial during the fourth quarter worth approximately $33,000. 81.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods raised their price target on shares of Genworth Financial from $6.50 to $7.00 and gave the stock a “market perform” rating in a report on Wednesday, April 10th.

Genworth Financial Stock Up 0.2 %

GNW traded up $0.01 during midday trading on Wednesday, hitting $6.63. 1,616,798 shares of the company’s stock traded hands, compared to its average volume of 2,797,088. The company has a market cap of $2.90 billion, a PE ratio of 34.87 and a beta of 1.08. The stock’s fifty day simple moving average is $6.22 and its 200-day simple moving average is $6.20. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.29 and a quick ratio of 0.30. Genworth Financial, Inc. has a one year low of $4.83 and a one year high of $6.93.

Genworth Financial (NYSE:GNW) last issued its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $0.19 earnings per share for the quarter. Genworth Financial had a net margin of 1.24% and a negative return on equity of 0.21%. The firm had revenue of $1.86 billion for the quarter.

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.