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

ProShare Advisors LLC trimmed its holdings in shares of Genworth Financial, Inc. (NYSE:GNW) by 23.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,070 shares of the financial services provider’s stock after selling 21,722 shares during the quarter. ProShare Advisors LLC’s holdings in Genworth Financial were worth $417,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of GNW. Intech Investment Management LLC purchased a new stake in Genworth Financial in the second quarter valued at approximately $573,000. Inspire Investing LLC raised its holdings in shares of Genworth Financial by 4.0% in the 2nd quarter. Inspire Investing LLC now owns 57,835 shares of the financial services provider’s stock valued at $349,000 after buying an additional 2,241 shares during the period. XTX Topco Ltd lifted its stake in Genworth Financial by 637.4% during the 2nd quarter. XTX Topco Ltd now owns 94,059 shares of the financial services provider’s stock worth $568,000 after acquiring an additional 81,303 shares in the last quarter. Denali Advisors LLC boosted its holdings in Genworth Financial by 30.2% during the 2nd quarter. Denali Advisors LLC now owns 690,700 shares of the financial services provider’s stock valued at $4,172,000 after acquiring an additional 160,400 shares during the period. Finally, Renaissance Technologies LLC grew its position in Genworth Financial by 62.0% in the 2nd quarter. Renaissance Technologies LLC now owns 548,900 shares of the financial services provider’s stock valued at $3,315,000 after acquiring an additional 210,000 shares in the last quarter. 81.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Genworth Financial from a “buy” rating to a “hold” rating in a research note on Friday, September 6th.

Insiders Place Their Bets

In other news, CEO Thomas J. Mcinerney sold 150,000 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $6.88, for a total value of $1,032,000.00. Following the sale, the chief executive officer now directly owns 4,532,954 shares in the company, valued at approximately $31,186,723.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is currently owned by company insiders.

Genworth Financial Stock Down 0.9 %

Genworth Financial stock opened at $6.79 on Wednesday. The firm has a market capitalization of $2.97 billion, a P/E ratio of 35.74 and a beta of 0.94. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.17. Genworth Financial, Inc. has a twelve month low of $5.32 and a twelve month high of $7.01. The stock’s fifty day simple moving average is $6.70 and its 200-day simple moving average is $6.40.

Genworth Financial (NYSE:GNW) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. Genworth Financial had a return on equity of 0.25% and a net margin of 0.43%. The company had revenue of $1.77 billion for the quarter. During the same period in the prior year, the business earned $0.29 EPS.

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.