Ameritas Investment Partners Inc. Has $289,000 Holdings in Genworth Financial, Inc. (NYSE:GNW)

Ameritas Investment Partners Inc. cut its position in shares of Genworth Financial, Inc. (NYSE:GNW) by 4.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,921 shares of the financial services provider’s stock after selling 1,996 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Genworth Financial were worth $289,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CoreCap Advisors LLC purchased a new stake in shares of Genworth Financial in the 4th quarter valued at approximately $278,000. Assenagon Asset Management S.A. lifted its holdings in shares of Genworth Financial by 21.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,806,350 shares of the financial services provider’s stock valued at $12,066,000 after purchasing an additional 316,780 shares in the last quarter. Denali Advisors LLC lifted its holdings in shares of Genworth Financial by 270.0% in the fourth quarter. Denali Advisors LLC now owns 312,300 shares of the financial services provider’s stock valued at $2,086,000 after purchasing an additional 227,900 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Genworth Financial in the fourth quarter worth $655,000. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Genworth Financial by 10.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 21,640 shares of the financial services provider’s stock valued at $145,000 after buying an additional 2,000 shares in the last quarter. 81.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Genworth Financial

In other news, CEO Thomas J. Mcinerney sold 200,000 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $6.27, for a total transaction of $1,254,000.00. Following the completion of the sale, the chief executive officer now directly owns 4,361,980 shares of the company’s stock, valued at approximately $27,349,614.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods raised their price objective 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.

Genworth Financial Stock Down 0.5 %

Genworth Financial stock opened at $6.69 on Thursday. Genworth Financial, Inc. has a twelve month low of $5.32 and a twelve month high of $6.93. 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 firm has a market cap of $2.93 billion, a PE ratio of 35.19 and a beta of 0.92. The firm’s 50 day moving average price is $6.23 and its two-hundred day moving average price is $6.23.

Genworth Financial (NYSE:GNW) last posted its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $0.19 earnings per share 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.

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.