Squarepoint Ops LLC Sells 166,706 Shares of Genworth Financial, Inc. (NYSE:GNW)

Squarepoint Ops LLC cut its holdings in Genworth Financial, Inc. (NYSE:GNW) by 48.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 175,022 shares of the financial services provider’s stock after selling 166,706 shares during the period. Squarepoint Ops LLC’s holdings in Genworth Financial were worth $1,223,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. State of Wyoming boosted its holdings in Genworth Financial by 61.8% in the fourth quarter. State of Wyoming now owns 38,051 shares of the financial services provider’s stock worth $266,000 after purchasing an additional 14,529 shares in the last quarter. ProShare Advisors LLC boosted its holdings in Genworth Financial by 44.3% in the fourth quarter. ProShare Advisors LLC now owns 129,675 shares of the financial services provider’s stock worth $906,000 after purchasing an additional 39,829 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in Genworth Financial by 106.9% in the fourth quarter. Nuveen Asset Management LLC now owns 2,663,077 shares of the financial services provider’s stock worth $18,615,000 after purchasing an additional 1,375,637 shares in the last quarter. Numerai GP LLC bought a new stake in Genworth Financial in the fourth quarter worth $1,471,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in Genworth Financial in the fourth quarter worth $347,000. 81.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GNW. Keefe, Bruyette & Woods upped their price objective on shares of Genworth Financial from $8.00 to $8.50 and gave the stock a “market perform” rating in a report on Tuesday, May 13th. Wall Street Zen lowered shares of Genworth Financial from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd.

Genworth Financial Stock Up 0.4%

Genworth Financial stock opened at $7.05 on Friday. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of 10.37 and a beta of 0.99. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.29 and a quick ratio of 0.29. Genworth Financial, Inc. has a fifty-two week low of $5.87 and a fifty-two week high of $7.90. The firm has a fifty day moving average price of $6.84 and a two-hundred day moving average price of $7.02.

Genworth Financial (NYSE:GNW) last released its earnings results on Wednesday, April 30th. The financial services provider reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.09). The firm had revenue of $1.76 billion for the quarter. Genworth Financial had a return on equity of 2.96% and a net margin of 4.10%.

Genworth Financial Company Profile

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.