Robeco Institutional Asset Management B.V. Sells 76,219 Shares of Genworth Financial, Inc. (NYSE:GNW)

Robeco Institutional Asset Management B.V. reduced its position in Genworth Financial, Inc. (NYSE:GNW) by 13.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 490,139 shares of the financial services provider’s stock after selling 76,219 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Genworth Financial were worth $3,274,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Daiwa Securities Group Inc. acquired a new position in shares of Genworth Financial in the fourth quarter valued at about $33,000. GAMMA Investing LLC purchased a new stake in Genworth Financial during the fourth quarter worth $56,000. Versor Investments LP purchased a new stake in shares of Genworth Financial during the 3rd quarter worth about $71,000. Pathway Financial Advisors LLC acquired a new stake in shares of Genworth Financial during the 4th quarter valued at about $71,000. Finally, Strs Ohio increased its stake in shares of Genworth Financial by 259.5% in the 3rd quarter. Strs Ohio now owns 15,100 shares of the financial services provider’s stock valued at $88,000 after purchasing an additional 10,900 shares in the last quarter. 81.85% of the stock is owned by institutional investors and hedge funds.

Genworth Financial Price Performance

Genworth Financial stock opened at $6.53 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.29 and a current ratio of 0.29. The company’s fifty day moving average price is $6.28 and its 200 day moving average price is $6.23. The stock has a market capitalization of $2.86 billion, a P/E ratio of 34.37 and a beta of 1.08. Genworth Financial, Inc. has a 1 year low of $4.83 and a 1 year high of $6.93.

Genworth Financial (NYSE:GNW) last announced its earnings results on Wednesday, May 1st. The financial services provider reported $0.19 earnings per share (EPS) for the quarter. Genworth Financial had a net margin of 1.24% and a negative return on equity of 0.21%. The business had revenue of $1.86 billion for the quarter.

Analyst Ratings Changes

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

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.