HighTower Advisors LLC reduced its holdings in Genworth Financial, Inc. (NYSE:GNW – Free Report) by 33.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,436 shares of the financial services provider’s stock after selling 7,745 shares during the period. HighTower Advisors LLC’s holdings in Genworth Financial were worth $103,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. Atlas Wealth LLC purchased a new stake in shares of Genworth Financial in the third quarter worth approximately $91,000. Paloma Partners Management Co increased its stake in Genworth Financial by 63.7% in the 3rd quarter. Paloma Partners Management Co now owns 63,853 shares of the financial services provider’s stock valued at $437,000 after buying an additional 24,842 shares during the period. Verition Fund Management LLC lifted its position in Genworth Financial by 900.7% in the 3rd quarter. Verition Fund Management LLC now owns 970,185 shares of the financial services provider’s stock worth $6,646,000 after buying an additional 873,237 shares in the last quarter. Martingale Asset Management L P lifted its position in Genworth Financial by 5.1% in the 3rd quarter. Martingale Asset Management L P now owns 136,827 shares of the financial services provider’s stock worth $937,000 after buying an additional 6,604 shares in the last quarter. Finally, Vinva Investment Management Ltd acquired a new stake in shares of Genworth Financial during the 3rd quarter valued at $440,000. 81.85% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, StockNews.com downgraded shares of Genworth Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th.
View Our Latest Research Report on GNW
Genworth Financial Stock Up 0.1 %
GNW opened at $7.10 on Friday. The company has a market capitalization of $3.03 billion, a PE ratio of 33.81 and a beta of 0.99. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.29 and a quick ratio of 0.29. Genworth Financial, Inc. has a fifty-two week low of $5.67 and a fifty-two week high of $7.90. The business has a 50-day moving average of $7.25 and a 200-day moving average of $6.79.
About Genworth Financial
(Free Report)
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.
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