Genworth Financial, Inc. (NYSE:GNW) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. cut its stake in shares of Genworth Financial, Inc. (NYSE:GNW) by 63.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 42,590 shares of the financial services provider’s stock after selling 73,870 shares during the period. Everence Capital Management Inc.’s holdings in Genworth Financial were worth $298,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. acquired a new position in shares of Genworth Financial during the 3rd quarter worth about $30,000. EverSource Wealth Advisors LLC lifted its position in shares of Genworth Financial by 72.1% in the second quarter. EverSource Wealth Advisors LLC now owns 4,828 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 2,022 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Genworth Financial by 34.0% in the third quarter. GAMMA Investing LLC now owns 9,247 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 2,347 shares during the last quarter. LMR Partners LLP purchased a new stake in shares of Genworth Financial during the third quarter worth approximately $73,000. Finally, Atlas Wealth LLC acquired a new position in Genworth Financial in the 3rd quarter valued at $91,000. 81.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Genworth Financial Trading Down 0.1 %

Shares of Genworth Financial stock opened at $6.90 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.29 and a quick ratio of 0.29. The stock’s 50 day simple moving average is $7.26 and its 200-day simple moving average is $6.85. The stock has a market cap of $2.95 billion, a P/E ratio of 32.86 and a beta of 1.00. Genworth Financial, Inc. has a 1-year low of $5.67 and a 1-year high of $7.90.

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.