Genworth Financial Inc (GNW) Shares Sold by Metropolitan Life Insurance Co. NY

Metropolitan Life Insurance Co. NY lowered its position in Genworth Financial Inc (NYSE:GNW) by 64.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 280,244 shares of the financial services provider’s stock after selling 519,165 shares during the quarter. Metropolitan Life Insurance Co. NY owned approximately 0.06% of Genworth Financial worth $872,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Landscape Capital Management L.L.C. grew its stake in Genworth Financial by 27.5% in the fourth quarter. Landscape Capital Management L.L.C. now owns 312,703 shares of the financial services provider’s stock worth $973,000 after purchasing an additional 67,531 shares in the last quarter. Arizona State Retirement System grew its stake in Genworth Financial by 27.0% in the fourth quarter. Arizona State Retirement System now owns 359,273 shares of the financial services provider’s stock worth $1,117,000 after purchasing an additional 76,331 shares in the last quarter. Cutler Capital Management LLC grew its stake in Genworth Financial by 25.0% in the fourth quarter. Cutler Capital Management LLC now owns 200,000 shares of the financial services provider’s stock worth $622,000 after purchasing an additional 40,000 shares in the last quarter. Litespeed Management L.L.C. grew its stake in Genworth Financial by 18.0% in the third quarter. Litespeed Management L.L.C. now owns 3,435,094 shares of the financial services provider’s stock worth $13,225,000 after purchasing an additional 525,000 shares in the last quarter. Finally, KBC Group NV bought a new position in Genworth Financial in the third quarter worth approximately $548,000. 67.11% of the stock is currently owned by institutional investors.

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Shares of NYSE GNW opened at $2.78 on Friday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. The firm has a market cap of $1,402.74, a price-to-earnings ratio of 2.00, a P/E/G ratio of 0.63 and a beta of 2.39. Genworth Financial Inc has a 12-month low of $2.67 and a 12-month high of $4.23.

Genworth Financial (NYSE:GNW) last announced its earnings results on Tuesday, February 6th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.45. The business had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Genworth Financial had a return on equity of 4.63% and a net margin of 9.85%. The business’s revenue for the quarter was down 23.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.27) EPS. equities research analysts expect that Genworth Financial Inc will post 0.9 EPS for the current year.

Several brokerages have issued reports on GNW. ValuEngine cut Genworth Financial from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. Zacks Investment Research cut Genworth Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Wells Fargo reaffirmed a “hold” rating on shares of Genworth Financial in a research report on Wednesday, February 21st. BTIG Research reaffirmed a “hold” rating on shares of Genworth Financial in a research report on Thursday, February 8th. Finally, TheStreet raised Genworth Financial from a “d+” rating to a “c” rating in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $3.50.

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About Genworth Financial

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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