Robeco Institutional Asset Management B.V. Sells 100,061 Shares of Genworth Financial, Inc. (NYSE:GNW)

Robeco Institutional Asset Management B.V. lessened its stake in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 60.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,840 shares of the financial services provider's stock after selling 100,061 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Genworth Financial were worth $451,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. increased its stake in shares of 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 acquiring an additional 901,485 shares during the last quarter. American Century Companies Inc. increased its stake in Genworth Financial by 9.1% in the second quarter. American Century Companies Inc. now owns 7,054,069 shares of the financial services provider's stock valued at $42,607,000 after purchasing an additional 590,496 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Genworth Financial by 8.8% in the third quarter. Assenagon Asset Management S.A. now owns 4,605,054 shares of the financial services provider's stock worth $31,545,000 after purchasing an additional 371,513 shares during the period. D. E. Shaw & Co. Inc. boosted its position in shares of Genworth Financial by 93.5% during the second quarter. D. E. Shaw & Co. Inc. now owns 4,052,621 shares of the financial services provider's stock worth $24,478,000 after purchasing an additional 1,958,632 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Genworth Financial by 51.5% in the 2nd quarter. Millennium Management LLC now owns 2,778,921 shares of the financial services provider's stock valued at $16,785,000 after buying an additional 944,677 shares during the period. Institutional investors and hedge funds own 81.85% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Genworth Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, October 29th.

Insider Transactions at Genworth Financial

In related 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 value of $1,032,000.00. Following the completion of the transaction, the chief executive officer now directly owns 4,532,954 shares of the company's stock, valued at approximately $31,186,723.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.80% of the stock is owned by insiders.

Genworth Financial Stock Up 2.0 %

GNW stock traded up $0.14 during mid-day trading on Monday, hitting $7.21. 3,407,597 shares of the company were exchanged, compared to its average volume of 2,775,019. 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 $5.47 and a 1-year high of $7.30. The firm's 50 day simple moving average is $6.86 and its 200 day simple moving average is $6.55. The firm has a market cap of $3.11 billion, a P/E ratio of 34.62 and a beta of 0.95.

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.