River Road Asset Management LLC Trims Stock Holdings in Genworth Financial, Inc. (NYSE:GNW)

River Road Asset Management LLC decreased its holdings in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,217,623 shares of the financial services provider's stock after selling 174,345 shares during the quarter. Genworth Financial accounts for about 1.6% of River Road Asset Management LLC's investment portfolio, making the stock its 12th biggest position. River Road Asset Management LLC owned 4.03% of Genworth Financial worth $120,351,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in Genworth Financial in the fourth quarter worth approximately $7,496,000. Repertoire Partners LP bought a new position in Genworth Financial in the third quarter worth approximately $6,850,000. Whitefort Capital Management LP grew its stake in Genworth Financial by 49.6% in the third quarter. Whitefort Capital Management LP now owns 2,986,960 shares of the financial services provider's stock worth $20,461,000 after purchasing an additional 990,000 shares in the last quarter. FMR LLC grew its stake 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 worth $38,880,000 after purchasing an additional 894,053 shares in the last quarter. Finally, Verition Fund Management LLC grew its stake in Genworth Financial by 900.7% in the third quarter. Verition Fund Management LLC now owns 970,185 shares of the financial services provider's stock worth $6,646,000 after purchasing an additional 873,237 shares in the last quarter. Institutional investors own 81.85% of the company's stock.

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Genworth Financial Stock Up 0.4 %

NYSE GNW traded up $0.03 during midday trading on Tuesday, hitting $6.50. 6,505,260 shares of the company traded hands, compared to its average volume of 2,982,145. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.29 and a quick ratio of 0.29. The company has a market cap of $2.72 billion, a PE ratio of 9.55 and a beta of 1.02. The company's 50-day simple moving average is $6.98 and its 200-day simple moving average is $7.04. Genworth Financial, Inc. has a 52 week low of $5.67 and a 52 week high of $7.90.

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

Analysts Set New Price Targets

Separately, StockNews.com cut 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.