UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) by 11.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 965,683 shares of the financial services provider's stock after selling 129,067 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.23% of Genworth Financial worth $6,615,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. acquired a new position in shares of Genworth Financial during the 3rd quarter worth approximately $30,000. EverSource Wealth Advisors LLC raised its holdings in shares of Genworth Financial by 72.1% in the second 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 last quarter. GAMMA Investing LLC lifted its position in shares of Genworth Financial by 34.0% in the third 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 in the last quarter. LMR Partners LLP acquired a new stake in shares of Genworth Financial during the third quarter valued at $73,000. Finally, RMR Wealth Builders increased its position in Genworth Financial by 20.2% during the 2nd quarter. RMR Wealth Builders now owns 12,620 shares of the financial services provider's stock worth $76,000 after purchasing an additional 2,120 shares in the last quarter. 81.85% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered shares of Genworth Financial from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th.
Get Our Latest Stock Report on Genworth Financial
Genworth Financial Stock Performance
GNW stock traded up $0.08 during trading on Wednesday, reaching $7.44. 2,923,743 shares of the company's stock were exchanged, compared to its average volume of 2,799,060. The firm has a market cap of $3.18 billion, a PE ratio of 35.43 and a beta of 0.99. 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 $7.90. The company's fifty day moving average price is $7.22 and its 200-day moving average price is $6.73.
Genworth Financial Company Profile
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Free Report)
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.
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