Kentucky Retirement Systems Insurance Trust Fund Takes $122,000 Position in Genworth Financial, Inc. (NYSE:GNW)

Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Genworth Financial, Inc. (NYSE:GNW) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 17,503 shares of the financial services provider’s stock, valued at approximately $122,000.

Other institutional investors have also added to or reduced their stakes in the company. Verition Fund Management LLC lifted its holdings in Genworth Financial by 900.7% during the 3rd 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. JPMorgan Chase & Co. lifted its holdings in Genworth Financial by 30.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,947,016 shares of the financial services provider’s stock worth $13,337,000 after purchasing an additional 450,329 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in Genworth Financial by 19.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,171,821 shares of the financial services provider’s stock worth $14,877,000 after purchasing an additional 348,627 shares in the last quarter. Barclays PLC lifted its holdings in Genworth Financial by 291.2% during the 3rd quarter. Barclays PLC now owns 744,853 shares of the financial services provider’s stock worth $5,103,000 after purchasing an additional 554,462 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Genworth Financial by 155.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 431,129 shares of the financial services provider’s stock worth $2,953,000 after purchasing an additional 262,027 shares in the last quarter. Hedge funds and other institutional investors own 81.85% of the company’s stock.

Genworth Financial Price Performance

Shares of NYSE GNW opened at $6.78 on Thursday. The firm has a market capitalization of $2.89 billion, a P/E ratio of 32.26 and a beta of 1.00. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.17. The stock’s 50-day simple moving average is $7.11 and its two-hundred day simple moving average is $7.02. Genworth Financial, Inc. has a twelve month low of $5.67 and a twelve month high of $7.90.

Genworth Financial (NYSE:GNW) last announced its earnings results on Tuesday, February 18th. The financial services provider reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.14). The business had revenue of $1.82 billion during the quarter. Genworth Financial had a return on equity of 0.31% and a net margin of 1.19%. During the same quarter in the prior year, the company earned ($0.51) EPS.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Genworth Financial from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th.

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.