New York State Teachers Retirement System Decreases Stock Holdings in Genworth Financial, Inc. (NYSE:GNW)

New York State Teachers Retirement System lowered its holdings in Genworth Financial, Inc. (NYSE:GNW) by 4.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 537,307 shares of the financial services provider’s stock after selling 25,091 shares during the period. New York State Teachers Retirement System owned about 0.12% of Genworth Financial worth $3,681,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GNW. UniSuper Management Pty Ltd purchased a new position in shares of Genworth Financial in the 1st quarter worth about $562,000. Assenagon Asset Management S.A. raised its position in Genworth Financial by 138.3% in the second quarter. Assenagon Asset Management S.A. now owns 4,233,541 shares of the financial services provider’s stock worth $25,571,000 after acquiring an additional 2,456,816 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Genworth Financial by 0.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 912,090 shares of the financial services provider’s stock valued at $6,248,000 after acquiring an additional 7,502 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Genworth Financial by 62.0% during the 2nd quarter. Renaissance Technologies LLC now owns 548,900 shares of the financial services provider’s stock valued at $3,315,000 after acquiring an additional 210,000 shares during the period. Finally, Susquehanna Fundamental Investments LLC increased its stake in shares of Genworth Financial by 277.8% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 258,566 shares of the financial services provider’s stock worth $1,562,000 after purchasing an additional 190,134 shares during the last quarter. Institutional investors own 81.85% of the company’s stock.

Insider Activity

In related news, CEO Thomas J. Mcinerney sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $6.88, for a total value of $1,032,000.00. Following the completion of the transaction, the chief executive officer now directly owns 4,532,954 shares of the company’s stock, valued at approximately $31,186,723.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded Genworth Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th.

Genworth Financial Trading Up 8.8 %

Shares of Genworth Financial stock opened at $7.14 on Thursday. The stock has a market capitalization of $3.08 billion, a P/E ratio of 102.00 and a beta of 0.95. Genworth Financial, Inc. has a 52-week low of $5.32 and a 52-week high of $7.25. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.29 and a current ratio of 0.29. The stock’s 50-day simple moving average is $6.86 and its 200 day simple moving average is $6.53.

Genworth Financial Company Profile

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.