Thrivent Financial for Lutherans Trims Stock Holdings in Genworth Financial, Inc. (NYSE:GNW)

Thrivent Financial for Lutherans lowered its position in shares of Genworth Financial, Inc. (NYSE:GNW) by 6.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 339,269 shares of the financial services provider’s stock after selling 24,104 shares during the period. Thrivent Financial for Lutherans’ holdings in Genworth Financial were worth $2,324,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its stake in Genworth Financial by 72.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,828 shares of the financial services provider’s stock worth $29,000 after buying an additional 2,022 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of Genworth Financial in the 3rd quarter worth about $30,000. GAMMA Investing LLC grew 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 valued at $63,000 after purchasing an additional 2,347 shares during the last quarter. RMR Wealth Builders lifted its stake 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 valued at $76,000 after acquiring an additional 2,120 shares during the period. Finally, O Shaughnessy Asset Management LLC bought a new position in shares of Genworth Financial in the 1st quarter worth approximately $81,000. Hedge funds and other institutional investors own 81.85% of the company’s stock.

Wall Street Analyst Weigh In

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 0.3 %

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