United Services Automobile Association Sells 7,099 Shares of Genworth Financial, Inc. (NYSE:GNW)

United Services Automobile Association decreased its position in Genworth Financial, Inc. (NYSE:GNW) by 18.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 30,379 shares of the financial services provider’s stock after selling 7,099 shares during the quarter. United Services Automobile Association’s holdings in Genworth Financial were worth $208,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC acquired a new position in Genworth Financial during the 3rd quarter valued at about $142,000. Whitefort Capital Management LP raised its position in shares of Genworth Financial by 49.6% during the 3rd quarter. Whitefort Capital Management LP now owns 2,986,960 shares of the financial services provider’s stock valued at $20,461,000 after acquiring an additional 990,000 shares during the last quarter. Repertoire Partners LP acquired a new position in shares of Genworth Financial in the 3rd quarter valued at $6,850,000. Jacobs Levy Equity Management Inc. boosted its position in shares of Genworth Financial by 19.1% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,171,821 shares of the financial services provider’s stock worth $14,877,000 after purchasing an additional 348,627 shares during the last quarter. Finally, Atlas Wealth LLC acquired a new stake in shares of Genworth Financial during the third quarter worth $91,000. 81.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Genworth Financial Stock Down 1.5 %

Shares of NYSE GNW opened at $7.39 on Tuesday. The firm has a 50 day moving average price of $7.19 and a 200 day moving average price of $6.72. 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 market cap of $3.16 billion, a P/E ratio of 35.19 and a beta of 0.99. Genworth Financial, Inc. has a 52-week low of $5.67 and a 52-week high of $7.90.

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.