Mutual of America Capital Management LLC Sells 6,967 Shares of Genworth Financial, Inc. (NYSE:GNW)

Mutual of America Capital Management LLC trimmed its stake in shares of Genworth Financial, Inc. (NYSE:GNW) by 9.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,979 shares of the financial services provider’s stock after selling 6,967 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Genworth Financial were worth $445,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Donald Smith & CO. Inc. boosted its holdings in Genworth Financial by 3.7% in the 3rd quarter. Donald Smith & CO. Inc. now owns 25,015,294 shares of the financial services provider’s stock valued at $171,355,000 after purchasing an additional 901,485 shares during the period. River Road Asset Management LLC grew its holdings in shares of Genworth Financial by 0.8% during the 3rd quarter. River Road Asset Management LLC now owns 17,391,968 shares of the financial services provider’s stock worth $119,135,000 after purchasing an additional 131,634 shares in the last quarter. American Century Companies Inc. increased its position in shares of Genworth Financial by 9.1% in the second quarter. American Century Companies Inc. now owns 7,054,069 shares of the financial services provider’s stock worth $42,607,000 after purchasing an additional 590,496 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Genworth Financial by 8.8% in the third quarter. Assenagon Asset Management S.A. now owns 4,605,054 shares of the financial services provider’s stock worth $31,545,000 after purchasing an additional 371,513 shares during the period. Finally, D. E. Shaw & Co. Inc. raised its stake in Genworth Financial by 93.5% in the second quarter. D. E. Shaw & Co. Inc. now owns 4,052,621 shares of the financial services provider’s stock valued at $24,478,000 after purchasing an additional 1,958,632 shares in the last quarter. Institutional investors own 81.85% of the company’s stock.

Genworth Financial Price Performance

GNW stock opened at $7.79 on Thursday. The company’s fifty day simple moving average is $7.06 and its 200 day simple moving average is $6.65. Genworth Financial, Inc. has a 12-month low of $5.67 and a 12-month high of $7.90. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.17. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 37.10 and a beta of 0.95.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Genworth Financial from a “buy” rating to a “hold” rating in a research 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.