Genworth Financial, Inc. (NYSE:GNW) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lessened its stake in shares of Genworth Financial, Inc. (NYSE:GNW) by 4.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 118,336 shares of the financial services provider’s stock after selling 4,919 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Genworth Financial were worth $444,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. LPL Financial LLC increased its stake in shares of Genworth Financial by 8.5% during the second quarter. LPL Financial LLC now owns 41,537 shares of the financial services provider’s stock valued at $162,000 after acquiring an additional 3,241 shares during the period. Franklin Resources Inc. increased its stake in shares of Genworth Financial by 16.8% during the second quarter. Franklin Resources Inc. now owns 22,861 shares of the financial services provider’s stock valued at $89,000 after acquiring an additional 3,287 shares during the period. Fieldpoint Private Securities LLC increased its stake in shares of Genworth Financial by 354.5% during the second quarter. Fieldpoint Private Securities LLC now owns 6,885 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 5,370 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Genworth Financial by 17.8% during the second quarter. Teacher Retirement System of Texas now owns 65,506 shares of the financial services provider’s stock valued at $255,000 after acquiring an additional 9,904 shares during the period. Finally, Sigma Planning Corp increased its stake in shares of Genworth Financial by 14.6% during the second quarter. Sigma Planning Corp now owns 78,312 shares of the financial services provider’s stock valued at $305,000 after acquiring an additional 9,960 shares during the period. Institutional investors and hedge funds own 68.69% of the company’s stock.

NYSE GNW opened at $4.41 on Friday. Genworth Financial, Inc. has a 12 month low of $2.81 and a 12 month high of $4.61. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.26 and a quick ratio of 0.26. The firm has a market capitalization of $2.24 billion, a PE ratio of 2.24 and a beta of 1.00. The company’s 50 day simple moving average is $4.12 and its 200 day simple moving average is $3.88.

Genworth Financial (NYSE:GNW) last posted its quarterly earnings results on Tuesday, November 2nd. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.14. The firm had revenue of $1.98 billion for the quarter. Genworth Financial had a net margin of 12.06% and a return on equity of 5.01%.

In other Genworth Financial news, CEO Thomas J. Mcinerney sold 150,000 shares of Genworth Financial stock in a transaction that occurred on Monday, November 15th. The shares were sold at an average price of $4.38, for a total value of $657,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.99% of the company’s stock.

Genworth Financial Company Profile

Genworth Financial, Inc is a financial services company, which engages in the provision of insurance, wealth management, investment and financial solutions. It operates through the following segments: U.S. Mortgage Insurance, Australia Mortgage Insurance, U.S. Life Insurance, and Runoff. The U.S. Mortgage Insurance segment offers mortgage insurance products predominantly insuring prime-based, individually underwritten residential mortgage loans.

Read More: Profit Margin

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

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