Mount Vernon Associates Inc. MD lessened its holdings in Genworth Financial Inc (NYSE:GNW) by 10.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,800 shares of the financial services provider’s stock after selling 3,000 shares during the quarter. Mount Vernon Associates Inc. MD’s holdings in Genworth Financial were worth $109,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in GNW. Retirement Systems of Alabama lifted its position 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 worth $3,426,000 after buying an additional 2,795 shares in the last quarter. Park National Corp OH raised its position in shares of Genworth Financial by 26.7% in the 2nd quarter. Park National Corp OH now owns 19,000 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 4,000 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of Genworth Financial by 2.1% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 202,178 shares of the financial services provider’s stock valued at $750,000 after acquiring an additional 4,166 shares during the period. Arizona State Retirement System raised its position in shares of Genworth Financial by 1.6% in the 2nd quarter. Arizona State Retirement System now owns 365,294 shares of the financial services provider’s stock valued at $1,355,000 after acquiring an additional 5,721 shares during the period. Finally, CWM Advisors LLC raised its position in shares of Genworth Financial by 15.5% in the 2nd quarter. CWM Advisors LLC now owns 46,059 shares of the financial services provider’s stock valued at $171,000 after acquiring an additional 6,191 shares during the period. 65.54% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently weighed in on the stock. ValuEngine downgraded shares of Genworth Financial from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. BTIG Research reiterated a “hold” rating on shares of Genworth Financial in a research report on Tuesday, July 2nd.

Shares of NYSE:GNW traded up $0.03 during mid-day trading on Wednesday, reaching $4.41. The stock had a trading volume of 4,606 shares, compared to its average volume of 2,499,677. The firm has a market cap of $2.21 billion, a PE ratio of 12.26 and a beta of 1.64. The firm has a 50 day simple moving average of $4.38 and a two-hundred day simple moving average of $3.88. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.26. Genworth Financial Inc has a twelve month low of $2.89 and a twelve month high of $5.02.

Genworth Financial (NYSE:GNW) last announced its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.15. The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.12 billion. Genworth Financial had a net margin of 1.87% and a return on equity of 1.21%. Genworth Financial’s revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the company posted $0.40 EPS. On average, equities analysts anticipate that Genworth Financial Inc will post 1.12 EPS for the current fiscal year.

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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Institutional Ownership by Quarter for Genworth Financial (NYSE:GNW)

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