Maryland State Retirement & Pension System Has $1.10 Million Holdings in Genworth Financial, Inc. (NYSE:GNW)

Maryland State Retirement & Pension System decreased its holdings in shares of Genworth Financial, Inc. (NYSE:GNW) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 163,914 shares of the financial services provider’s stock after selling 6,656 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Genworth Financial were worth $1,095,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Illinois Municipal Retirement Fund acquired a new position in shares of Genworth Financial during the 3rd quarter worth about $1,666,000. AQR Capital Management LLC raised its holdings in Genworth Financial by 14.2% during the third quarter. AQR Capital Management LLC now owns 1,752,247 shares of the financial services provider’s stock worth $10,268,000 after acquiring an additional 217,556 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in Genworth Financial during the fourth quarter valued at approximately $22,482,000. Invesco Ltd. grew its stake in Genworth Financial by 7.2% in the third quarter. Invesco Ltd. now owns 5,234,864 shares of the financial services provider’s stock valued at $30,676,000 after purchasing an additional 350,729 shares in the last quarter. Finally, Daiwa Securities Group Inc. acquired a new position in shares of Genworth Financial during the 4th quarter worth approximately $33,000. Institutional investors own 81.85% of the company’s stock.

Analyst Ratings Changes

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

Genworth Financial Stock Up 0.2 %

Genworth Financial stock opened at $6.63 on Thursday. Genworth Financial, Inc. has a fifty-two week low of $4.83 and a fifty-two week high of $6.93. The firm has a market capitalization of $2.90 billion, a PE ratio of 34.87 and a beta of 1.08. The company’s 50-day moving average is $6.22 and its 200-day moving average is $6.20. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.29 and a quick ratio of 0.30.

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

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.