Genworth Financial, Inc. (NYSE:GNW) Position Reduced by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC cut its holdings in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 88.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 114,339 shares of the financial services provider's stock after selling 848,721 shares during the quarter. Thompson Siegel & Walmsley LLC's holdings in Genworth Financial were worth $783,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC grew its holdings in shares of Genworth Financial by 72.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,828 shares of the financial services provider's stock worth $29,000 after acquiring an additional 2,022 shares during the period. Harbor Capital Advisors Inc. purchased a new stake in shares of Genworth Financial in the 3rd quarter worth about $30,000. GAMMA Investing LLC grew its stake in Genworth Financial by 34.0% in the 3rd quarter. GAMMA Investing LLC now owns 9,247 shares of the financial services provider's stock valued at $63,000 after acquiring an additional 2,347 shares during the last quarter. LMR Partners LLP purchased a new position in Genworth Financial during the 3rd quarter valued at about $73,000. Finally, RMR Wealth Builders raised its position in Genworth Financial by 20.2% during the second quarter. RMR Wealth Builders now owns 12,620 shares of the financial services provider's stock worth $76,000 after acquiring an additional 2,120 shares during the last quarter. Institutional investors and hedge funds own 81.85% of the company's stock.

Genworth Financial Trading Up 2.0 %

Shares of NYSE GNW traded up $0.15 during midday trading on Friday, hitting $7.77. The stock had a trading volume of 3,526,583 shares, compared to its average volume of 2,820,086. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.17. Genworth Financial, Inc. has a 1-year low of $5.67 and a 1-year high of $7.77. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 36.98 and a beta of 0.95. The company has a fifty day moving average price of $7.00 and a 200 day moving average price of $6.63.

Insider Buying and Selling at Genworth Financial

In other news, CEO Thomas J. Mcinerney sold 150,000 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 4,532,954 shares in the company, valued at approximately $31,186,723.52. This trade represents a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

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.