Y Intercept Hong Kong Ltd Sells 76,044 Shares of Genworth Financial, Inc. (NYSE:GNW)

Y Intercept Hong Kong Ltd lessened its position in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 64.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 41,307 shares of the financial services provider's stock after selling 76,044 shares during the period. Y Intercept Hong Kong Ltd's holdings in Genworth Financial were worth $289,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. bought a new stake in shares of Genworth Financial during the third quarter worth $30,000. River Road Asset Management LLC increased its position in shares of Genworth Financial by 0.8% during 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. Covestor Ltd increased its position in shares of Genworth Financial by 11.8% during the third quarter. Covestor Ltd now owns 17,721 shares of the financial services provider's stock worth $122,000 after acquiring an additional 1,868 shares in the last quarter. Aigen Investment Management LP increased its position in shares of Genworth Financial by 59.9% during the third quarter. Aigen Investment Management LP now owns 66,827 shares of the financial services provider's stock worth $458,000 after acquiring an additional 25,028 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Genworth Financial by 6.1% during the third quarter. Victory Capital Management Inc. now owns 656,438 shares of the financial services provider's stock worth $4,497,000 after acquiring an additional 37,586 shares in the last quarter. Institutional investors own 81.85% of the company's stock.

Remove Ads

Analysts Set New Price Targets

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

Genworth Financial Stock Up 0.2 %

GNW traded up $0.02 during trading hours on Friday, hitting $6.66. 6,266,834 shares of the company's stock were exchanged, compared to its average volume of 2,956,770. Genworth Financial, Inc. has a 1-year low of $5.67 and a 1-year high of $7.90. The stock's 50-day moving average is $6.99 and its two-hundred day moving average is $7.04. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 9.79 and a beta of 1.02. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.16.

Genworth Financial (NYSE:GNW - Get Free Report) last announced its earnings results on Tuesday, February 18th. The financial services provider reported $0.04 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.14). Genworth Financial had a return on equity of 2.96% and a net margin of 4.10%. The business had revenue of $1.82 billion for the quarter. During the same period last year, the firm earned ($0.51) EPS.

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.