OxFORD Asset Management LLP Trims Holdings in Genworth Financial Inc (GNW)

OxFORD Asset Management LLP cut its stake in shares of Genworth Financial Inc (NYSE:GNW) by 18.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 6,491,815 shares of the financial services provider’s stock after selling 1,508,185 shares during the period. Genworth Financial comprises about 0.6% of OxFORD Asset Management LLP’s holdings, making the stock its 9th biggest holding. OxFORD Asset Management LLP owned 1.30% of Genworth Financial worth $25,018,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Bayesian Capital Management LP acquired a new stake in shares of Genworth Financial in the second quarter valued at about $126,000. Shelton Capital Management acquired a new stake in shares of Genworth Financial in the second quarter valued at about $140,000. LS Investment Advisors LLC raised its position in shares of Genworth Financial by 18.0% in the second quarter. LS Investment Advisors LLC now owns 38,939 shares of the financial services provider’s stock valued at $147,000 after buying an additional 5,936 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of Genworth Financial by 1.1% in the second quarter. Teacher Retirement System of Texas now owns 40,020 shares of the financial services provider’s stock valued at $151,000 after buying an additional 418 shares during the last quarter. Finally, Fondren Management LP acquired a new stake in shares of Genworth Financial in the second quarter valued at about $189,000. Institutional investors own 66.84% of the company’s stock.

GNW has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Genworth Financial from a “hold” rating to a “strong sell” rating in a research report on Monday, November 6th. Wells Fargo & Company reiterated a “hold” rating and issued a $3.75 target price on shares of Genworth Financial in a research report on Friday, November 3rd. Off Wall Street initiated coverage on shares of Genworth Financial in a research report on Monday, September 11th. They issued a “buy” rating for the company. BTIG Research reiterated a “neutral” rating on shares of Genworth Financial in a research report on Saturday, September 16th. Finally, ValuEngine upgraded shares of Genworth Financial from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $3.92.

Genworth Financial Inc (NYSE GNW) traded up $0.02 during trading on Friday, reaching $3.41. 1,955,627 shares of the company traded hands, compared to its average volume of 5,270,830. Genworth Financial Inc has a 52-week low of $3.12 and a 52-week high of $4.35. The firm has a market capitalization of $1,700.00, a PE ratio of 7.23, a P/E/G ratio of 0.73 and a beta of 2.80. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28.

Genworth Financial (NYSE:GNW) last released its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.05). Genworth Financial had a return on equity of 1.57% and a net margin of 3.88%. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the previous year, the business posted ($0.81) earnings per share. Genworth Financial’s revenue for the quarter was up 3.0% on a year-over-year basis. research analysts anticipate that Genworth Financial Inc will post 0.94 earnings per share for the current fiscal year.

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Genworth Financial Company Profile

Genworth Financial, Inc (Genworth) is a financial security company. The Company provides insurance, wealth management, investment and financial solutions. As of December 31, 2011, the Company had more than 15 million customers, with a presence in more than 25 countries. The Company operates in Insurance, Mortgage Insurance and Corporate and Runoff.

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Institutional Ownership by Quarter for Genworth Financial (NYSE:GNW)

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