Teacher Retirement System of Texas Has $2.19 Million Stock Holdings in Genworth Financial, Inc. (NYSE:GNW)

Teacher Retirement System of Texas raised its position in Genworth Financial, Inc. (NYSE:GNW) by 123.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 313,347 shares of the financial services provider’s stock after acquiring an additional 172,918 shares during the period. Teacher Retirement System of Texas owned about 0.07% of Genworth Financial worth $2,190,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of GNW. Verition Fund Management LLC increased its position in shares of Genworth Financial by 900.7% during the third quarter. Verition Fund Management LLC now owns 970,185 shares of the financial services provider’s stock valued at $6,646,000 after purchasing an additional 873,237 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Genworth Financial by 30.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,947,016 shares of the financial services provider’s stock valued at $13,337,000 after buying an additional 450,329 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Genworth Financial by 19.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,171,821 shares of the financial services provider’s stock worth $14,877,000 after acquiring an additional 348,627 shares during the period. Barclays PLC boosted its position in shares of Genworth Financial by 291.2% during the 3rd quarter. Barclays PLC now owns 744,853 shares of the financial services provider’s stock valued at $5,103,000 after acquiring an additional 554,462 shares in the last quarter. Finally, Repertoire Partners LP bought a new stake in Genworth Financial in the third quarter valued at about $6,850,000. Institutional investors own 81.85% of the company’s stock.

Genworth Financial Stock Up 0.4 %

Shares of GNW opened at $7.16 on Thursday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average price of $6.98 and a two-hundred day moving average price of $7.04. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 10.52 and a beta of 1.02. Genworth Financial, Inc. has a 12 month low of $5.67 and a 12 month high of $7.90.

Genworth Financial (NYSE:GNW) last posted its earnings results on Tuesday, February 18th. The financial services provider reported $0.04 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.14). Genworth Financial had a return on equity of 2.96% and a net margin of 4.10%. The company had revenue of $1.82 billion for the quarter. During the same period in the previous year, the business earned ($0.51) EPS.

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.