UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Stake in Genworth Financial, Inc. (NYSE:GNW)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of Genworth Financial, Inc. (NYSE:GNW) by 11.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 965,683 shares of the financial services provider’s stock after selling 129,067 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.23% of Genworth Financial worth $6,615,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Simplicity Wealth LLC increased its position in shares of Genworth Financial by 22.1% in the 2nd quarter. Simplicity Wealth LLC now owns 15,057 shares of the financial services provider’s stock valued at $91,000 after acquiring an additional 2,721 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Genworth Financial by 138.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 4,233,541 shares of the financial services provider’s stock worth $25,571,000 after purchasing an additional 2,456,816 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Genworth Financial by 711.1% during the 2nd quarter. Blue Trust Inc. now owns 12,888 shares of the financial services provider’s stock worth $83,000 after purchasing an additional 11,299 shares during the last quarter. Fifth Third Wealth Advisors LLC purchased a new stake in shares of Genworth Financial during the 2nd quarter valued at approximately $83,000. Finally, RMR Wealth Builders raised its position in shares of Genworth Financial by 20.2% during the 2nd quarter. RMR Wealth Builders now owns 12,620 shares of the financial services provider’s stock valued at $76,000 after buying an additional 2,120 shares during the period. 81.85% of the stock is owned by institutional investors and hedge funds.

Genworth Financial Stock Performance

Shares of GNW stock opened at $7.36 on Wednesday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.17. The firm has a fifty day moving average price of $7.20 and a 200 day moving average price of $6.72. The company has a market cap of $3.14 billion, a P/E ratio of 35.05 and a beta of 0.99. Genworth Financial, Inc. has a 12 month low of $5.67 and a 12 month high of $7.90.

Analysts Set New Price Targets

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

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.