DGS Capital Management LLC Trims Holdings in Genworth Financial, Inc. (NYSE:GNW)

DGS Capital Management LLC reduced its position in shares of Genworth Financial, Inc. (NYSE:GNW) by 35.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,123 shares of the financial services provider’s stock after selling 7,263 shares during the period. DGS Capital Management LLC’s holdings in Genworth Financial were worth $90,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. D. E. Shaw & Co. Inc. boosted its position in Genworth Financial by 93.5% during the second quarter. D. E. Shaw & Co. Inc. now owns 4,052,621 shares of the financial services provider’s stock worth $24,478,000 after acquiring an additional 1,958,632 shares during the last quarter. Cubist Systematic Strategies LLC lifted its stake in shares of Genworth Financial by 3,395.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,780,098 shares of the financial services provider’s stock worth $10,752,000 after purchasing an additional 1,729,167 shares during the period. Repertoire Partners LP acquired a new stake in shares of Genworth Financial during the third quarter worth $6,850,000. Whitefort Capital Management LP grew its position in shares of Genworth Financial by 49.6% in the third quarter. Whitefort Capital Management LP now owns 2,986,960 shares of the financial services provider’s stock valued at $20,461,000 after purchasing an additional 990,000 shares during the period. Finally, Millennium Management LLC grew its position in shares of Genworth Financial by 51.5% in the second quarter. Millennium Management LLC now owns 2,778,921 shares of the financial services provider’s stock valued at $16,785,000 after purchasing an additional 944,677 shares during the period. 81.85% of the stock is currently owned by hedge funds and other institutional investors.

Genworth Financial Price Performance

GNW opened at $7.53 on Friday. Genworth Financial, Inc. has a 1 year low of $5.67 and a 1 year high of $7.90. The company’s 50 day simple moving average is $7.24 and its 200 day simple moving average is $6.75. The stock has a market capitalization of $3.22 billion, a PE ratio of 35.86 and a beta of 0.99. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.29 and a current ratio of 0.29.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Genworth Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th.

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.