Los Angeles Capital Management LLC Sells 4,919 Shares of Genworth Financial, Inc. (NYSE:GNW)

Los Angeles Capital Management LLC lessened its position in Genworth Financial, Inc. (NYSE:GNW) by 4.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 118,336 shares of the financial services provider’s stock after selling 4,919 shares during the period. Los Angeles Capital Management LLC’s holdings in Genworth Financial were worth $444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. AE Wealth Management LLC increased its holdings in shares of Genworth Financial by 17.0% during the 3rd quarter. AE Wealth Management LLC now owns 384,876 shares of the financial services provider’s stock worth $1,443,000 after purchasing an additional 55,964 shares during the period. SG Americas Securities LLC increased its holdings in shares of Genworth Financial by 4,009.9% during the 3rd quarter. SG Americas Securities LLC now owns 829,256 shares of the financial services provider’s stock worth $3,110,000 after purchasing an additional 809,079 shares during the period. Maryland State Retirement & Pension System bought a new position in shares of Genworth Financial during the 3rd quarter worth about $749,000. Adirondack Research & Management Inc. increased its holdings in shares of Genworth Financial by 15.1% during the 3rd quarter. Adirondack Research & Management Inc. now owns 361,285 shares of the financial services provider’s stock worth $1,355,000 after purchasing an additional 47,362 shares during the period. Finally, Sigma Planning Corp increased its holdings in shares of Genworth Financial by 22.9% during the 3rd quarter. Sigma Planning Corp now owns 96,263 shares of the financial services provider’s stock worth $361,000 after purchasing an additional 17,951 shares during the period. Hedge funds and other institutional investors own 68.69% of the company’s stock.

NYSE:GNW opened at $4.41 on Friday. The firm’s 50-day moving average is $4.12 and its 200-day moving average is $3.88. Genworth Financial, Inc. has a 52-week low of $2.81 and a 52-week high of $4.61. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.26 and a current ratio of 0.26. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 2.24 and a beta of 1.00.

Genworth Financial (NYSE:GNW) last posted its quarterly earnings data on Tuesday, November 2nd. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.14. Genworth Financial had a net margin of 12.06% and a return on equity of 5.01%. The company had revenue of $1.98 billion for the quarter.

In other news, CEO Thomas J. Mcinerney sold 150,000 shares of Genworth Financial stock in a transaction dated Monday, November 15th. The shares were sold at an average price of $4.38, for a total transaction of $657,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.99% of the company’s stock.

Genworth Financial Company Profile

Genworth Financial, Inc is a financial services company, which engages in the provision of insurance, wealth management, investment and financial solutions. It operates through the following segments: U.S. Mortgage Insurance, Australia Mortgage Insurance, U.S. Life Insurance, and Runoff. The U.S. Mortgage Insurance segment offers mortgage insurance products predominantly insuring prime-based, individually underwritten residential mortgage loans.

Featured Story: Strangles

Want to see what other hedge funds are holding GNW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Genworth Financial, Inc. (NYSE:GNW).

Institutional Ownership by Quarter for Genworth Financial (NYSE:GNW)

Receive News & Ratings for Genworth Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genworth Financial and related companies with MarketBeat.com's FREE daily email newsletter.