Shay Capital LLC Sells 287,851 Shares of Genworth Financial, Inc. (NYSE:GNW)

Shay Capital LLC lessened its holdings in Genworth Financial, Inc. (NYSE:GNW) by 22.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,005,987 shares of the financial services provider’s stock after selling 287,851 shares during the quarter. Genworth Financial comprises about 1.1% of Shay Capital LLC’s portfolio, making the stock its 18th largest holding. Shay Capital LLC’s holdings in Genworth Financial were worth $7,032,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Byrne Asset Management LLC increased its position in shares of Genworth Financial by 148.9% during the fourth quarter. Byrne Asset Management LLC now owns 4,480 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 2,680 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in Genworth Financial during the 4th quarter valued at $41,000. Smartleaf Asset Management LLC increased its holdings in shares of Genworth Financial by 279.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 10,494 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 7,729 shares in the last quarter. Pennington Partners & CO. LLC bought a new stake in shares of Genworth Financial in the 4th quarter worth $84,000. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of Genworth Financial in the fourth quarter worth $85,000. Institutional investors own 81.85% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Genworth Financial Stock Performance

Shares of GNW stock opened at $7.05 on Friday. The company has a 50 day moving average price of $6.80 and a 200-day moving average price of $7.02. Genworth Financial, Inc. has a 52 week low of $5.87 and a 52 week high of $7.90. The firm has a market capitalization of $2.92 billion, a PE ratio of 10.37 and a beta of 0.99. 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) last posted its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.09). The firm had revenue of $1.76 billion for the quarter. Genworth Financial had a net margin of 4.10% and a return on equity of 2.96%.

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.