Graham Capital Management L.P. Sells 202,597 Shares of Genworth Financial, Inc. (NYSE:GNW)

Graham Capital Management L.P. decreased its holdings in shares of Genworth Financial, Inc. (NYSE:GNW) by 62.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 119,929 shares of the financial services provider’s stock after selling 202,597 shares during the quarter. Graham Capital Management L.P.’s holdings in Genworth Financial were worth $838,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of GNW. Barclays PLC raised its holdings in Genworth Financial by 291.2% during the 3rd quarter. Barclays PLC now owns 744,853 shares of the financial services provider’s stock valued at $5,103,000 after acquiring an additional 554,462 shares during the period. Blue Trust Inc. raised its holdings in Genworth Financial by 28.5% during the 4th quarter. Blue Trust Inc. now owns 24,438 shares of the financial services provider’s stock valued at $167,000 after acquiring an additional 5,420 shares during the period. KBC Group NV raised its holdings in Genworth Financial by 85.3% during the 4th quarter. KBC Group NV now owns 22,107 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 10,174 shares during the period. EMC Capital Management raised its holdings in Genworth Financial by 1,562.5% during the 4th quarter. EMC Capital Management now owns 37,771 shares of the financial services provider’s stock valued at $264,000 after acquiring an additional 35,499 shares during the period. Finally, DAVENPORT & Co LLC bought a new stake in Genworth Financial during the 4th quarter valued at $320,000. Institutional investors own 81.85% of the company’s stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods boosted their target price on shares of Genworth Financial from $8.00 to $8.50 and gave the company a “market perform” rating in a report on Tuesday.

Genworth Financial Trading Down 1.9%

Genworth Financial stock opened at $7.07 on Wednesday. The stock has a market cap of $2.93 billion, a P/E ratio of 10.40 and a beta of 0.99. Genworth Financial, Inc. has a fifty-two week low of $5.87 and a fifty-two week high of $7.90. The firm’s fifty day moving average price is $6.78 and its 200-day moving average price is $7.01. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.29 and a current ratio of 0.29.

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

Genworth Financial 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.