Genworth Financial, Inc. (NYSE:GNW) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System lessened its holdings in Genworth Financial, Inc. (NYSE:GNW) by 5.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 208,900 shares of the financial services provider’s stock after selling 11,300 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Genworth Financial were worth $1,431,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Headlands Technologies LLC purchased a new stake in shares of Genworth Financial in the first quarter valued at approximately $25,000. SageView Advisory Group LLC purchased a new stake in shares of Genworth Financial during the first quarter worth approximately $30,000. EverSource Wealth Advisors LLC increased its position in shares of Genworth Financial by 72.1% during the second quarter. EverSource Wealth Advisors LLC now owns 4,828 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 2,022 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Genworth Financial by 34.0% during the third quarter. GAMMA Investing LLC now owns 9,247 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 2,347 shares in the last quarter. Finally, Empowered Funds LLC purchased a new stake in shares of Genworth Financial during the first quarter worth approximately $67,000. Institutional investors and hedge funds own 81.85% of the company’s stock.

Genworth Financial Stock Down 2.3 %

NYSE GNW opened at $6.59 on Friday. The business’s fifty day simple moving average is $6.86 and its 200-day simple moving average is $6.51. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.17. The firm has a market cap of $2.84 billion, a PE ratio of 94.07 and a beta of 0.94. Genworth Financial, Inc. has a 52 week low of $5.32 and a 52 week high of $7.25.

Genworth Financial (NYSE:GNW) last issued its earnings results on Wednesday, July 31st. The financial services provider reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. Genworth Financial had a net margin of 0.43% and a return on equity of 0.25%. The company had revenue of $1.77 billion for the quarter. During the same period last year, the firm earned $0.29 earnings per share.

Insiders Place Their Bets

In other Genworth Financial news, CEO Thomas J. Mcinerney sold 150,000 shares of Genworth Financial stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $6.88, for a total transaction of $1,032,000.00. Following the transaction, the chief executive officer now directly owns 4,532,954 shares of the company’s stock, valued at $31,186,723.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Genworth Financial from a “buy” rating to a “hold” rating in a research report on Tuesday.

Genworth Financial 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.