Prospera Financial Services Inc Reduces Holdings in Genworth Financial, Inc. (NYSE:GNW)

Prospera Financial Services Inc cut its position in Genworth Financial, Inc. (NYSE:GNW) by 56.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 13,453 shares of the financial services provider’s stock after selling 17,158 shares during the quarter. Prospera Financial Services Inc’s holdings in Genworth Financial were worth $92,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC acquired a new stake in shares of Genworth Financial during the first quarter valued at about $81,000. Quadrature Capital Ltd raised its position in shares of Genworth Financial by 61.1% in the 1st quarter. Quadrature Capital Ltd now owns 103,794 shares of the financial services provider’s stock valued at $667,000 after purchasing an additional 39,382 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of 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 buying an additional 11,959 shares during the last quarter. Hancock Whitney Corp grew its position in shares of Genworth Financial by 1.7% during the first quarter. Hancock Whitney Corp now owns 134,689 shares of the financial services provider’s stock worth $866,000 after buying an additional 2,304 shares in the last quarter. Finally, Whitefort Capital Management LP increased its stake in shares of Genworth Financial by 31.6% in the first quarter. Whitefort Capital Management LP now owns 1,996,960 shares of the financial services provider’s stock worth $12,840,000 after buying an additional 479,688 shares during the last quarter. 81.85% of the stock is owned by institutional investors and hedge funds.

Genworth Financial Stock Up 0.6 %

Shares of Genworth Financial stock opened at $7.82 on Tuesday. The business has a 50-day moving average price of $7.00 and a 200 day moving average price of $6.63. Genworth Financial, Inc. has a fifty-two week low of $5.67 and a fifty-two week high of $7.87. The firm has a market cap of $3.34 billion, a P/E ratio of 37.43 and a beta of 0.95. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.17.

Wall Street Analyst Weigh In

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

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.