Genworth Financial, Inc. (NYSE:GNW) Shares Sold by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC reduced its stake in Genworth Financial, Inc. (NYSE:GNW) by 28.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 963,060 shares of the financial services provider’s stock after selling 376,927 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Genworth Financial were worth $5,817,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in GNW. UniSuper Management Pty Ltd acquired a new stake in shares of Genworth Financial in the first quarter valued at $562,000. Denali Advisors LLC increased its stake in Genworth Financial by 69.8% during the 1st quarter. Denali Advisors LLC now owns 530,300 shares of the financial services provider’s stock worth $3,410,000 after buying an additional 218,000 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Genworth Financial by 138.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 4,233,541 shares of the financial services provider’s stock worth $25,571,000 after buying an additional 2,456,816 shares in the last quarter. Robinson Smith Wealth Advisors LLC purchased a new position in Genworth Financial in the 4th quarter valued at approximately $513,000. Finally, Norges Bank acquired a new position in shares of Genworth Financial in the fourth quarter worth $23,292,000. Hedge funds and other institutional investors own 81.85% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered Genworth Financial from a “buy” rating to a “hold” rating in a report on Friday, September 6th.

Genworth Financial Stock Performance

Shares of Genworth Financial stock opened at $6.69 on Monday. 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 business has a 50-day simple moving average of $6.58 and a 200-day simple moving average of $6.35. The company has a market cap of $2.89 billion, a PE ratio of 35.21 and a beta of 0.94. Genworth Financial, Inc. has a one year low of $5.32 and a one year high of $7.01.

Genworth Financial (NYSE:GNW) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter. During the same quarter in the prior year, the company earned $0.29 EPS.

Insider Buying and Selling

In other news, CEO Thomas J. Mcinerney sold 150,000 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $6.88, for a total value of $1,032,000.00. Following the completion of the sale, the chief executive officer now directly owns 4,532,954 shares of the company’s stock, valued at $31,186,723.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is currently owned by company insiders.

About Genworth Financial

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.