Gladius Capital Management LP Sells 1,833 Shares of Genworth Financial, Inc. (NYSE:GNW)

Gladius Capital Management LP cut its holdings in shares of Genworth Financial, Inc. (NYSE:GNW) by 26.5% during the second quarter, Holdings Channel.com reports. The firm owned 5,096 shares of the financial services provider’s stock after selling 1,833 shares during the period. Gladius Capital Management LP’s holdings in Genworth Financial were worth $31,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in Genworth Financial by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 30,294,780 shares of the financial services provider’s stock worth $202,371,000 after purchasing an additional 534,650 shares in the last quarter. Donald Smith & CO. Inc. lifted its position in Genworth Financial by 14.5% during the first quarter. Donald Smith & CO. Inc. now owns 24,244,607 shares of the financial services provider’s stock valued at $155,893,000 after acquiring an additional 3,069,355 shares during the last quarter. LSV Asset Management boosted its stake in Genworth Financial by 15.9% in the fourth quarter. LSV Asset Management now owns 5,821,232 shares of the financial services provider’s stock valued at $38,886,000 after acquiring an additional 797,278 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Genworth Financial by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,031,450 shares of the financial services provider’s stock worth $33,610,000 after purchasing an additional 114,372 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Genworth Financial by 138.3% during the second 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 in the last quarter. 81.85% of the stock is owned by hedge funds and other institutional investors.

Genworth Financial Trading Up 0.9 %

NYSE GNW opened at $6.70 on Friday. 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 company has a fifty day simple moving average of $6.29 and a two-hundred day simple moving average of $6.26. Genworth Financial, Inc. has a 12-month low of $5.32 and a 12-month high of $6.94. The stock has a market cap of $2.93 billion, a P/E ratio of 35.26 and a beta of 0.92.

Genworth Financial (NYSE:GNW) last announced its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.09. Genworth Financial had a return on equity of 0.25% and a net margin of 0.43%. The firm had revenue of $1.77 billion during the quarter. During the same quarter in the previous year, the business earned $0.29 earnings per share.

Insiders Place Their Bets

In related news, CEO Thomas J. Mcinerney sold 200,000 shares of Genworth Financial stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $6.27, for a total transaction of $1,254,000.00. Following the completion of the transaction, the chief executive officer now directly owns 4,361,980 shares in the company, valued at $27,349,614.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Genworth Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th.

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.