Genworth Financial, Inc. (NYSE:GNW) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its position in shares of Genworth Financial, Inc. (NYSE:GNW) by 9.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,150 shares of the financial services provider’s stock after selling 2,000 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Genworth Financial were worth $124,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Headlands Technologies LLC bought a new stake in shares of Genworth Financial during the first quarter valued at about $25,000. EverSource Wealth Advisors LLC raised its stake in shares of Genworth Financial by 72.1% during the second quarter. EverSource Wealth Advisors LLC now owns 4,828 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 2,022 shares in the last quarter. SageView Advisory Group LLC bought a new stake in shares of Genworth Financial during the first quarter valued at about $30,000. GAMMA Investing LLC raised its stake in shares of Genworth Financial by 34.0% during the third quarter. GAMMA Investing LLC now owns 9,247 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 2,347 shares in the last quarter. Finally, Empowered Funds LLC bought a new stake in shares of Genworth Financial during the first quarter valued at about $67,000. Institutional investors and hedge funds own 81.85% of the company’s stock.

Genworth Financial Price Performance

Shares of NYSE GNW opened at $7.02 on Friday. Genworth Financial, Inc. has a fifty-two week low of $5.32 and a fifty-two week high of $7.25. The firm’s 50-day simple moving average is $6.86 and its 200 day simple moving average is $6.53. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.17. The stock has a market cap of $3.03 billion, a P/E ratio of 100.29 and a beta of 0.95.

Genworth Financial (NYSE:GNW) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.11 EPS for the quarter. Genworth Financial had a net margin of 0.43% and a return on equity of 0.25%. The firm had revenue of $1.72 billion for the quarter.

Insiders Place Their Bets

In other Genworth Financial news, CEO Thomas J. Mcinerney sold 150,000 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were 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 directly owns 4,532,954 shares in the company, valued at approximately $31,186,723.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Genworth Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th.

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.