Thrivent Financial for Lutherans Sells 24,104 Shares of Genworth Financial, Inc. (NYSE:GNW)

Thrivent Financial for Lutherans decreased its holdings in shares of Genworth Financial, Inc. (NYSE:GNW) by 6.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 339,269 shares of the financial services provider’s stock after selling 24,104 shares during the period. Thrivent Financial for Lutherans owned about 0.08% of Genworth Financial worth $2,324,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its holdings in Genworth Financial by 72.1% during the 2nd 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 period. Harbor Capital Advisors Inc. bought a new stake in Genworth Financial in the 3rd quarter valued at $30,000. GAMMA Investing LLC lifted its position in Genworth Financial by 34.0% during the 3rd quarter. GAMMA Investing LLC now owns 9,247 shares of the financial services provider’s stock worth $63,000 after buying an additional 2,347 shares in the last quarter. RMR Wealth Builders lifted 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 buying an additional 2,120 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new stake in Genworth Financial during the 1st quarter worth about $81,000. Institutional investors own 81.85% of the company’s stock.

Genworth Financial Price Performance

GNW stock opened at $7.79 on Thursday. The company has a fifty day moving average price of $7.06 and a 200-day moving average price of $6.65. The company has a market capitalization of $3.33 billion, a P/E ratio of 37.10 and a beta of 0.95. Genworth Financial, Inc. has a 52-week low of $5.67 and a 52-week high of $7.90. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.29 and a current ratio of 0.29.

Wall Street Analyst Weigh In

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

Genworth Financial Company 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.