Genworth Financial, Inc. (NYSE:GNW) Shares Sold by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC lowered its stake in shares of Genworth Financial, Inc. (NYSE:GNW) by 17.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,445 shares of the financial services provider’s stock after selling 8,015 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Genworth Financial were worth $232,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GNW. Headlands Technologies LLC acquired a new position in Genworth Financial during the 1st quarter valued at approximately $25,000. SageView Advisory Group LLC acquired a new position in Genworth Financial during the 1st quarter valued at approximately $30,000. Nomura Asset Management Co. Ltd. boosted its position in Genworth Financial by 29.9% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 8,700 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 2,000 shares during the period. Empowered Funds LLC acquired a new position in Genworth Financial during the 1st quarter valued at approximately $67,000. Finally, Heritage Wealth Advisors acquired a new position in Genworth Financial during the 1st quarter valued at approximately $74,000. Institutional investors and hedge funds own 81.85% of the company’s stock.

Insider Transactions at Genworth Financial

In other news, CEO Thomas J. Mcinerney sold 150,000 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $31,186,723.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.80% of the company’s stock.

Genworth Financial Trading Down 0.1 %

Shares of GNW stock opened at $6.76 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.29 and a current ratio of 0.29. Genworth Financial, Inc. has a 1 year low of $5.32 and a 1 year high of $7.01. The stock has a fifty day moving average of $6.70 and a two-hundred day moving average of $6.39. The firm has a market capitalization of $2.96 billion, a PE ratio of 35.58 and a beta of 0.94.

Genworth Financial (NYSE:GNW) last announced its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. Genworth Financial had a return on equity of 0.25% and a net margin of 0.43%. The company had revenue of $1.77 billion during the quarter. During the same quarter last year, the firm posted $0.29 EPS.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Genworth Financial from a “buy” rating to a “hold” rating in a research report on Friday, September 6th.

Genworth Financial Company 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.