Genworth Financial, Inc. (NYSE:GNW) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lowered its position in shares of Genworth Financial, Inc. (NYSE:GNW) by 33.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,436 shares of the financial services provider’s stock after selling 7,745 shares during the quarter. HighTower Advisors LLC’s holdings in Genworth Financial were worth $103,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new stake in Genworth Financial in the 3rd quarter valued at about $30,000. EverSource Wealth Advisors LLC raised 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 purchasing an additional 2,022 shares in the last quarter. GAMMA Investing LLC lifted its stake in Genworth Financial by 34.0% during the third quarter. GAMMA Investing LLC now owns 9,247 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 2,347 shares during the last quarter. LMR Partners LLP bought a new stake in Genworth Financial during the third quarter worth approximately $73,000. Finally, Atlas Wealth LLC acquired a new position in Genworth Financial in the third quarter worth approximately $91,000. 81.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Genworth Financial Trading Up 0.1 %

NYSE:GNW opened at $7.10 on Friday. The stock has a fifty day simple moving average of $7.25 and a 200 day simple moving average of $6.79. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 33.81 and a beta of 0.99. Genworth Financial, Inc. has a 1-year low of $5.67 and a 1-year high of $7.90. 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 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.