Natixis Advisors LLC Sells 18,598 Shares of Genworth Financial, Inc. (NYSE:GNW)

Natixis Advisors LLC decreased its stake in Genworth Financial, Inc. (NYSE:GNW) by 18.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,620 shares of the financial services provider’s stock after selling 18,598 shares during the period. Natixis Advisors LLC’s holdings in Genworth Financial were worth $580,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Assenagon Asset Management S.A. lifted its position in Genworth Financial by 138.3% during 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 last quarter. D. E. Shaw & Co. Inc. raised its position in shares of Genworth Financial by 93.5% in the second quarter. D. E. Shaw & Co. Inc. now owns 4,052,621 shares of the financial services provider’s stock valued at $24,478,000 after buying an additional 1,958,632 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in Genworth Financial by 3,395.1% in the second quarter. Cubist Systematic Strategies LLC now owns 1,780,098 shares of the financial services provider’s stock valued at $10,752,000 after acquiring an additional 1,729,167 shares during the last quarter. Millennium Management LLC increased its stake in Genworth Financial by 51.5% in the second quarter. Millennium Management LLC now owns 2,778,921 shares of the financial services provider’s stock valued at $16,785,000 after acquiring an additional 944,677 shares during the last quarter. Finally, Donald Smith & CO. Inc. increased its stake in Genworth Financial by 3.7% in the third quarter. Donald Smith & CO. Inc. now owns 25,015,294 shares of the financial services provider’s stock valued at $171,355,000 after acquiring an additional 901,485 shares during the last quarter. Institutional investors own 81.85% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Genworth Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th.

Genworth Financial Price Performance

Shares of NYSE:GNW opened at $7.79 on Friday. The firm has a market cap of $3.33 billion, a PE ratio of 37.10 and a beta of 0.95. The firm’s fifty day moving average is $7.08 and its 200-day moving average is $6.66. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.29 and a current ratio of 0.29. Genworth Financial, Inc. has a 52 week low of $5.67 and a 52 week high of $7.90.

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.