Public Sector Pension Investment Board Sells 46,400 Shares of Genworth Financial, Inc. (NYSE:GNW)

Public Sector Pension Investment Board lowered its position in shares of Genworth Financial, Inc. (NYSE:GNW) by 4.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 916,639 shares of the financial services provider’s stock after selling 46,400 shares during the period. Public Sector Pension Investment Board’s holdings in Genworth Financial were worth $6,279,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Hancock Whitney Corp increased its holdings in shares of Genworth Financial by 1.0% in the 3rd quarter. Hancock Whitney Corp now owns 135,327 shares of the financial services provider’s stock worth $927,000 after purchasing an additional 1,387 shares in the last quarter. Covestor Ltd raised its position in Genworth Financial by 11.8% in the 3rd quarter. Covestor Ltd now owns 17,721 shares of the financial services provider’s stock worth $122,000 after buying an additional 1,868 shares during the last quarter. Sage Rhino Capital LLC lifted its stake in Genworth Financial by 9.8% during the 2nd quarter. Sage Rhino Capital LLC now owns 21,899 shares of the financial services provider’s stock valued at $132,000 after acquiring an additional 1,950 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Genworth Financial by 72.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,828 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 2,022 shares during the last quarter. Finally, RMR Wealth Builders grew its stake in shares of Genworth Financial by 20.2% in the second quarter. RMR Wealth Builders now owns 12,620 shares of the financial services provider’s stock worth $76,000 after acquiring an additional 2,120 shares during the period. 81.85% of the stock is currently owned by hedge funds and other institutional investors.

Genworth Financial Stock Up 0.1 %

Genworth Financial stock opened at $7.80 on Friday. The stock has a market cap of $3.33 billion, a PE ratio of 37.14 and a beta of 0.95. 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 has a fifty day moving average of $7.10 and a 200 day moving average of $6.67. Genworth Financial, Inc. has a one year low of $5.67 and a one year high of $7.90.

Analyst Upgrades and Downgrades

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

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.