Universal Beteiligungs und Servicegesellschaft mbH Sells 337,753 Shares of Genworth Financial, Inc. $GNW

Universal Beteiligungs und Servicegesellschaft mbH lessened its stake in shares of Genworth Financial, Inc. (NYSE:GNW) by 72.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 128,157 shares of the financial services provider’s stock after selling 337,753 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Genworth Financial were worth $1,141,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GNW. Salomon & Ludwin LLC increased its stake in shares of Genworth Financial by 1,731.8% during the 3rd quarter. Salomon & Ludwin LLC now owns 3,279 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 3,100 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Genworth Financial in the second quarter worth $44,000. EverSource Wealth Advisors LLC increased its position in Genworth Financial by 140.3% in the second quarter. EverSource Wealth Advisors LLC now owns 8,063 shares of the financial services provider’s stock worth $63,000 after buying an additional 4,708 shares during the last quarter. Seven Mile Advisory bought a new stake in shares of Genworth Financial in the second quarter valued at $78,000. Finally, Haven Private LLC bought a new stake in shares of Genworth Financial in the second quarter valued at $88,000. 81.85% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on GNW shares. Weiss Ratings lowered Genworth Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 20th. Keefe, Bruyette & Woods upped their price objective on shares of Genworth Financial from $9.50 to $10.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Finally, Wall Street Zen upgraded shares of Genworth Financial from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $10.00.

Genworth Financial Stock Down 0.7%

Shares of NYSE GNW opened at $8.34 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.15. The company has a market cap of $3.33 billion, a P/E ratio of 15.74 and a beta of 1.06. Genworth Financial, Inc. has a 52 week low of $5.99 and a 52 week high of $9.28. The business has a 50-day simple moving average of $8.74 and a two-hundred day simple moving average of $8.56.

Genworth Financial (NYSE:GNW) last announced its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The firm had revenue of $1.04 billion during the quarter. Genworth Financial had a return on equity of 1.56% and a net margin of 3.01%.

About Genworth Financial

Genworth Financial (NYSE: GNW) is a leading financial security company offering a broad range of insurance products. Based in Richmond, Virginia, Genworth provides individuals and families with solutions designed to protect against long-term care expenses, secure life insurance needs and support homeownership through private mortgage insurance. With operations spanning the United States, Canada and Australia, the company serves both retail and institutional clients through a diversified portfolio of risk management services.

The company’s Private Mortgage Insurance (PMI) segment offers coverage to lenders and consumers in the US, Canada and Australia, enabling homebuyers to purchase properties with lower down payments.