Genworth Financial, Inc. (NYSE:GNW) Shares Sold by Royce & Associates LP

Royce & Associates LP decreased its holdings in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 30.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 233,645 shares of the financial services provider's stock after selling 101,822 shares during the quarter. Royce & Associates LP owned about 0.05% of Genworth Financial worth $1,600,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Donald Smith & CO. Inc. raised its position in Genworth Financial by 3.7% in the 3rd quarter. Donald Smith & CO. Inc. now owns 25,015,294 shares of the financial services provider's stock valued at $171,355,000 after purchasing an additional 901,485 shares during the last quarter. River Road Asset Management LLC raised its position in Genworth Financial by 0.8% during the 3rd quarter. River Road Asset Management LLC now owns 17,391,968 shares of the financial services provider's stock worth $119,135,000 after buying an additional 131,634 shares during the last quarter. American Century Companies Inc. raised its position in Genworth Financial by 9.1% during the 2nd quarter. American Century Companies Inc. now owns 7,054,069 shares of the financial services provider's stock worth $42,607,000 after buying an additional 590,496 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Genworth Financial by 8.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,605,054 shares of the financial services provider's stock worth $31,545,000 after buying an additional 371,513 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. raised its position in Genworth Financial by 93.5% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 4,052,621 shares of the financial services provider's stock worth $24,478,000 after buying an additional 1,958,632 shares during the last quarter. Hedge funds and other institutional investors own 81.85% of the company's stock.

Genworth Financial Stock Performance

Genworth Financial stock traded up $0.04 during trading hours on Wednesday, reaching $7.47. 945,151 shares of the stock were exchanged, compared to its average volume of 2,768,037. The stock has a market cap of $3.19 billion, a P/E ratio of 35.38 and a beta of 0.95. 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 52-week low of $5.67 and a 52-week high of $7.50. The firm's 50 day moving average is $6.93 and its 200 day moving average is $6.61.

Insiders Place Their Bets

In other news, CEO Thomas J. Mcinerney sold 150,000 shares of the company's stock in a transaction on Monday, August 26th. The shares were sold at an average price of $6.88, for a total transaction of $1,032,000.00. Following the transaction, the chief executive officer now directly owns 4,532,954 shares of the company's stock, valued at $31,186,723.52. This represents a 3.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Genworth Financial from a "buy" rating to a "hold" rating in a research report on Wednesday.

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.