Crescent Grove Advisors LLC Lowers Position in Genworth Financial, Inc. (NYSE:GNW)

Crescent Grove Advisors LLC cut its stake in Genworth Financial, Inc. (NYSE:GNW – Get Rating) by 5.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 693,818 shares of the financial services provider’s stock after selling 36,349 shares during the quarter. Crescent Grove Advisors LLC owned 0.14% of Genworth Financial worth $2,428,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Brave Asset Management Inc. purchased a new stake in shares of Genworth Financial during the third quarter valued at approximately $35,000. Prelude Capital Management LLC purchased a new stake in shares of Genworth Financial during the second quarter valued at approximately $35,000. Private Advisor Group LLC purchased a new stake in shares of Genworth Financial during the first quarter valued at approximately $40,000. Exchange Traded Concepts LLC grew its holdings in Genworth Financial by 214.9% during the third quarter. Exchange Traded Concepts LLC now owns 10,682 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 7,290 shares during the period. Finally, Eqis Capital Management Inc. bought a new position in Genworth Financial during the second quarter valued at $38,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Genworth Financial

In other news, CEO Thomas J. Mcinerney sold 200,000 shares of the firm’s stock in a transaction on Friday, November 4th. The stock was sold at an average price of $4.58, for a total value of $916,000.00. Following the completion of the transaction, the chief executive officer now directly owns 3,639,625 shares of the company’s stock, valued at $16,669,482.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.99% of the company’s stock.

Genworth Financial Stock Performance

NYSE GNW traded up $0.05 on Wednesday, hitting $5.57. 757,259 shares of the stock traded hands, compared to its average volume of 2,725,789. The business’s fifty day moving average is $5.19 and its two-hundred day moving average is $4.57. Genworth Financial, Inc. has a 12 month low of $3.43 and a 12 month high of $5.58. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 4.79 and a beta of 1.09. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.27 and a current ratio of 0.27.

Genworth Financial (NYSE:GNW – Get Rating) last announced its quarterly earnings data on Tuesday, November 1st. The financial services provider reported $0.31 earnings per share for the quarter. Genworth Financial had a return on equity of 4.66% and a net margin of 8.12%. The business had revenue of $1.91 billion during the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Genworth Financial in a report on Wednesday, October 12th. They set a “hold” rating for the company.

About Genworth Financial

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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.