Illinois Municipal Retirement Fund Reduces Stake in Genworth Financial, Inc. (NYSE:GNW)

Illinois Municipal Retirement Fund lessened its stake in shares of Genworth Financial, Inc. (NYSE:GNW) by 6.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 267,369 shares of the financial services provider’s stock after selling 16,953 shares during the period. Illinois Municipal Retirement Fund owned 0.06% of Genworth Financial worth $1,786,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in shares of Genworth Financial during the 4th quarter valued at approximately $22,482,000. Pathway Financial Advisors LLC purchased a new stake in shares of Genworth Financial during the 4th quarter valued at approximately $71,000. Federated Hermes Inc. raised its position in shares of Genworth Financial by 6.2% during the 4th quarter. Federated Hermes Inc. now owns 1,023,112 shares of the financial services provider’s stock valued at $6,834,000 after buying an additional 59,392 shares during the period. Daiwa Securities Group Inc. purchased a new stake in shares of Genworth Financial during the 4th quarter valued at approximately $33,000. Finally, Strs Ohio raised its position in shares of Genworth Financial by 25.8% during the 4th quarter. Strs Ohio now owns 19,000 shares of the financial services provider’s stock valued at $126,000 after buying an additional 3,900 shares during the period. Institutional investors and hedge funds own 81.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lifted their price target on shares of Genworth Financial from $6.50 to $7.00 and gave the company a “market perform” rating in a research report on Wednesday, April 10th.

Genworth Financial Trading Down 0.2 %

Shares of NYSE GNW opened at $6.00 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.30 and a quick ratio of 0.30. Genworth Financial, Inc. has a 52-week low of $4.51 and a 52-week high of $6.93. The business’s 50 day moving average is $6.18 and its two-hundred day moving average is $6.17.

Genworth Financial (NYSE:GNW) last announced its earnings results on Wednesday, February 21st. The financial services provider reported ($0.51) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.70). The firm had revenue of $1.91 billion during the quarter. Genworth Financial had a net margin of 0.21% and a negative return on equity of 0.23%. During the same quarter last year, the firm posted $0.35 earnings per share.

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.