Yousif Capital Management LLC Decreases Position in Genworth Financial, Inc. $GNW

Yousif Capital Management LLC trimmed its position in shares of Genworth Financial, Inc. (NYSE:GNW) by 2.0% during the second quarter, Holdings Channel reports. The firm owned 171,247 shares of the financial services provider’s stock after selling 3,421 shares during the quarter. Yousif Capital Management LLC’s holdings in Genworth Financial were worth $1,332,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Donald Smith & CO. Inc. boosted its stake in shares of Genworth Financial by 4.5% during the first quarter. Donald Smith & CO. Inc. now owns 27,114,581 shares of the financial services provider’s stock valued at $192,242,000 after acquiring an additional 1,165,112 shares during the last quarter. American Century Companies Inc. increased its stake in Genworth Financial by 11.6% during the first quarter. American Century Companies Inc. now owns 8,056,534 shares of the financial services provider’s stock worth $57,121,000 after acquiring an additional 836,192 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Genworth Financial by 1.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,269,135 shares of the financial services provider’s stock valued at $37,358,000 after buying an additional 74,123 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Genworth Financial in the first quarter valued at about $24,661,000. Finally, Principal Financial Group Inc. grew its stake in shares of Genworth Financial by 2.7% in the first quarter. Principal Financial Group Inc. now owns 2,126,240 shares of the financial services provider’s stock valued at $15,075,000 after buying an additional 55,085 shares in the last quarter. Institutional investors and hedge funds own 81.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods increased their price target on Genworth Financial from $9.50 to $10.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Genworth Financial in a report on Wednesday, October 8th. Finally, Wall Street Zen downgraded Genworth Financial from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $10.00.

Genworth Financial Stock Up 1.5%

Shares of GNW stock opened at $8.68 on Tuesday. Genworth Financial, Inc. has a 1 year low of $5.99 and a 1 year high of $9.15. The stock has a market cap of $3.56 billion, a PE ratio of 19.28 and a beta of 0.99. The business’s fifty day moving average is $8.68 and its 200-day moving average is $7.73. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.29 and a current ratio of 0.29.

Genworth Financial (NYSE:GNW) last issued its earnings results on Wednesday, July 30th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.11. The business had revenue of $1.80 billion for the quarter. Genworth Financial had a return on equity of 1.91% and a net margin of 2.61%.

Insider Activity

In related news, CEO Rohit Gupta sold 86,406 shares of Genworth Financial stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $8.68, for a total value of $750,004.08. Following the transaction, the chief executive officer directly owned 794,630 shares in the company, valued at $6,897,388.40. The trade was a 9.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.80% of the stock is owned by insiders.

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.