Everence Capital Management Inc. Sells 73,870 Shares of Genworth Financial, Inc. (NYSE:GNW)

Everence Capital Management Inc. lessened its stake in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 63.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,590 shares of the financial services provider's stock after selling 73,870 shares during the period. Everence Capital Management Inc.'s holdings in Genworth Financial were worth $298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Donald Smith & CO. Inc. lifted its holdings in shares of Genworth Financial by 3.7% in the third quarter. Donald Smith & CO. Inc. now owns 25,015,294 shares of the financial services provider's stock valued at $171,355,000 after purchasing an additional 901,485 shares in the last quarter. River Road Asset Management LLC increased its position in shares of Genworth Financial by 0.8% in the third quarter. River Road Asset Management LLC now owns 17,391,968 shares of the financial services provider's stock worth $119,135,000 after acquiring an additional 131,634 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Genworth Financial by 9.1% during the second quarter. American Century Companies Inc. now owns 7,054,069 shares of the financial services provider's stock worth $42,607,000 after purchasing an additional 590,496 shares in the last quarter. FMR LLC grew its position in Genworth Financial by 18.7% in the third quarter. FMR LLC now owns 5,675,896 shares of the financial services provider's stock valued at $38,880,000 after acquiring an additional 894,053 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Genworth Financial by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,095,892 shares of the financial services provider's stock worth $34,907,000 after acquiring an additional 92,849 shares in the last quarter. 81.85% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Genworth Financial from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th.

Genworth Financial Price Performance

Shares of NYSE:GNW traded down $0.07 on Wednesday, reaching $6.82. 3,750,806 shares of the company traded hands, compared to its average volume of 3,860,220. Genworth Financial, Inc. has a fifty-two week low of $5.67 and a fifty-two week high of $7.90. The stock has a market capitalization of $2.91 billion, a PE ratio of 32.48 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 company's 50 day moving average is $7.26 and its 200-day moving average is $6.86.

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.