Strategic Wealth Advisors Group LLC trimmed its holdings in shares of Genworth Financial Inc (NYSE:GNW) by 8.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,006 shares of the financial services provider’s stock after selling 5,000 shares during the period. Strategic Wealth Advisors Group LLC’s holdings in Genworth Financial were worth $231,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. Park National Corp OH increased its position in Genworth Financial by 26.7% during the 2nd quarter. Park National Corp OH now owns 19,000 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 4,000 shares during the period. Denali Advisors LLC grew its holdings in Genworth Financial by 231.6% during the 2nd quarter. Denali Advisors LLC now owns 219,900 shares of the financial services provider’s stock valued at $816,000 after buying an additional 153,582 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in Genworth Financial during the 2nd quarter valued at approximately $168,000. Retirement Systems of Alabama grew its holdings in Genworth Financial by 0.3% during the 2nd quarter. Retirement Systems of Alabama now owns 923,559 shares of the financial services provider’s stock valued at $3,426,000 after buying an additional 2,795 shares in the last quarter. Finally, New Jersey Better Educational Savings Trust purchased a new stake in Genworth Financial during the 2nd quarter valued at approximately $148,000. 65.32% of the stock is owned by hedge funds and other institutional investors.
GNW traded down $0.01 during trading on Friday, reaching $4.04. 1,484,096 shares of the company traded hands, compared to its average volume of 3,395,797. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.26 and a current ratio of 0.26. Genworth Financial Inc has a 12-month low of $2.89 and a 12-month high of $5.02. The firm has a fifty day simple moving average of $4.27 and a 200 day simple moving average of $3.92. The company has a market cap of $2.01 billion, a P/E ratio of 11.22 and a beta of 1.62.
Separately, ValuEngine raised shares of Genworth Financial from a “hold” rating to a “buy” rating in a report on Monday, November 4th.
About Genworth Financial
Genworth Financial, Inc provides insurance and homeownership solutions in the United States and internationally. It operates through five segments: U.S. Mortgage Insurance, Canada Mortgage Insurance, Australia Mortgage Insurance, U.S. Life Insurance, and Runoff. The U.S. Mortgage Insurance segment offers mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans.
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