Strategic Wealth Advisors Group LLC Reduces Position in Genworth Financial Inc (NYSE:GNW)

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Strategic Wealth Advisors Group LLC lessened its position in shares of Genworth Financial Inc (NYSE:GNW) by 8.5% in the third quarter, Holdings Channel.com reports. The fund owned 54,006 shares of the financial services provider’s stock after selling 5,000 shares during the quarter. Strategic Wealth Advisors Group LLC’s holdings in Genworth Financial were worth $231,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Retirement Systems of Alabama grew its holdings in Genworth Financial by 0.3% during the second quarter. Retirement Systems of Alabama now owns 923,559 shares of the financial services provider’s stock worth $3,426,000 after acquiring an additional 2,795 shares during the period. Park National Corp OH grew its stake in shares of Genworth Financial by 26.7% in the second quarter. Park National Corp OH now owns 19,000 shares of the financial services provider’s stock valued at $70,000 after buying an additional 4,000 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in Genworth Financial by 2.1% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 202,178 shares of the financial services provider’s stock worth $750,000 after purchasing an additional 4,166 shares in the last quarter. Arizona State Retirement System grew its stake in Genworth Financial by 1.6% during the 2nd quarter. Arizona State Retirement System now owns 365,294 shares of the financial services provider’s stock worth $1,355,000 after purchasing an additional 5,721 shares in the last quarter. Finally, CWM Advisors LLC grew its stake in Genworth Financial by 15.5% during the 2nd quarter. CWM Advisors LLC now owns 46,059 shares of the financial services provider’s stock worth $171,000 after purchasing an additional 6,191 shares in the last quarter. 65.32% of the stock is owned by hedge funds and other institutional investors.

Separately, ValuEngine raised Genworth Financial from a “hold” rating to a “buy” rating in a research note on Monday, November 4th.

NYSE GNW traded down $0.01 during trading on Friday, reaching $4.04. 1,484,096 shares of the company’s stock were exchanged, compared to its average volume of 3,395,797. Genworth Financial Inc has a 1 year low of $2.89 and a 1 year high of $5.02. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.26 and a current ratio of 0.26. The stock has a market cap of $2.01 billion, a P/E ratio of 11.22 and a beta of 1.62. The company has a 50 day moving average price of $4.27 and a two-hundred day moving average price of $3.92.

Genworth Financial (NYSE:GNW) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.06). The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.14 billion. Genworth Financial had a net margin of 0.37% and a return on equity of 1.03%. The business’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.29 EPS. Research analysts forecast that Genworth Financial Inc will post 1.04 EPS for the current fiscal year.

Genworth Financial Profile

Genworth Financial, Inc provides insurance and homeownership solutions in the United States and internationally. It operates through five segments: U.S. Mortgage Insurance, Canada Mortgage Insurance, Australia Mortgage Insurance, U.S. Life Insurance, and Runoff. The U.S. Mortgage Insurance segment offers mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans.

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Institutional Ownership by Quarter for Genworth Financial (NYSE:GNW)

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