17,503 Shares in Genworth Financial, Inc. (NYSE:GNW) Bought by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Genworth Financial, Inc. (NYSE:GNW) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,503 shares of the financial services provider’s stock, valued at approximately $122,000.

Other institutional investors have also bought and sold shares of the company. Verition Fund Management LLC grew its holdings in 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 buying an additional 873,237 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Genworth Financial by 30.1% during the third quarter. JPMorgan Chase & Co. now owns 1,947,016 shares of the financial services provider’s stock worth $13,337,000 after buying an additional 450,329 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings 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 worth $14,877,000 after buying an additional 348,627 shares in the last quarter. Barclays PLC grew its holdings in Genworth Financial by 291.2% during the third quarter. Barclays PLC now owns 744,853 shares of the financial services provider’s stock worth $5,103,000 after buying an additional 554,462 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in Genworth Financial by 155.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 431,129 shares of the financial services provider’s stock worth $2,953,000 after buying an additional 262,027 shares in the last quarter. Institutional investors own 81.85% of the company’s stock.

Genworth Financial Stock Down 7.4 %

Shares of NYSE:GNW opened at $6.78 on Thursday. The company has a market capitalization of $2.89 billion, a PE ratio of 32.26 and a beta of 1.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.29 and a quick ratio of 0.29. The business has a fifty day moving average price of $7.11 and a two-hundred day moving average price of $7.02. Genworth Financial, Inc. has a 1 year low of $5.67 and a 1 year high of $7.90.

Genworth Financial (NYSE:GNW) last announced its quarterly earnings data on Tuesday, February 18th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.14). The business had revenue of $1.82 billion during the quarter. Genworth Financial had a net margin of 1.19% and a return on equity of 0.31%. During the same period in the previous year, the business earned ($0.51) EPS.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Genworth Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th.

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.