Navellier & Associates Inc. Sells 2,620 Shares of Genworth Financial, Inc. (NYSE:GNW)

Navellier & Associates Inc. cut its holdings in Genworth Financial, Inc. (NYSE:GNW) by 9.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,687 shares of the financial services provider’s stock after selling 2,620 shares during the quarter. Navellier & Associates Inc.’s holdings in Genworth Financial were worth $169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of GNW. O Shaughnessy Asset Management LLC bought a new stake in Genworth Financial in the first quarter valued at $81,000. UniSuper Management Pty Ltd purchased a new position in shares of Genworth Financial during the first quarter valued at about $562,000. Shell Asset Management Co. raised its stake in Genworth Financial by 80.0% in the first quarter. Shell Asset Management Co. now owns 58,971 shares of the financial services provider’s stock worth $379,000 after buying an additional 26,212 shares in the last quarter. Quadrature Capital Ltd lifted its holdings in Genworth Financial by 61.1% in the first quarter. Quadrature Capital Ltd now owns 103,794 shares of the financial services provider’s stock worth $667,000 after buying an additional 39,382 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in Genworth Financial by 3.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 387,530 shares of the financial services provider’s stock valued at $2,492,000 after acquiring an additional 11,959 shares in the last quarter. Hedge funds and other institutional investors own 81.85% of the company’s stock.

Insider Buying and Selling

In related news, CEO Thomas J. Mcinerney sold 150,000 shares of the company’s 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 sale, the chief executive officer now owns 4,532,954 shares in the company, valued at $31,186,723.52. This represents a 3.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.80% of the stock is owned by company insiders.

Analyst Ratings Changes

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

Genworth Financial Stock Performance

Shares of Genworth Financial stock opened at $7.77 on Friday. Genworth Financial, Inc. has a 12 month low of $5.67 and a 12 month high of $7.77. The firm has a market capitalization of $3.32 billion, a P/E ratio of 36.98 and a beta of 0.95. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.17. The business has a fifty day simple moving average of $6.98 and a two-hundred day simple moving average of $6.62.

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.