Mutual of America Capital Management LLC Reduces Stake in Genworth Financial, Inc. (NYSE:GNW)

Mutual of America Capital Management LLC decreased its position in Genworth Financial, Inc. (NYSE:GNW) by 9.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 64,979 shares of the financial services provider’s stock after selling 6,967 shares during the period. Mutual of America Capital Management LLC’s holdings in Genworth Financial were worth $445,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of GNW. Victory Capital Management Inc. increased its position in shares of Genworth Financial by 6.1% during the third quarter. Victory Capital Management Inc. now owns 656,438 shares of the financial services provider’s stock valued at $4,497,000 after buying an additional 37,586 shares during the period. Aigen Investment Management LP boosted its holdings in Genworth Financial by 59.9% in the 3rd quarter. Aigen Investment Management LP now owns 66,827 shares of the financial services provider’s stock valued at $458,000 after purchasing an additional 25,028 shares during the period. Covestor Ltd grew its position in shares of Genworth Financial by 11.8% during the 3rd quarter. Covestor Ltd now owns 17,721 shares of the financial services provider’s stock valued at $122,000 after purchasing an additional 1,868 shares in the last quarter. River Road Asset Management LLC raised its position in shares of Genworth Financial by 0.8% in the third quarter. River Road Asset Management LLC now owns 17,391,968 shares of the financial services provider’s stock worth $119,135,000 after buying an additional 131,634 shares in the last quarter. Finally, Harbor Capital Advisors Inc. purchased a new position in Genworth Financial during the third quarter worth about $30,000. 81.85% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Genworth Financial Price Performance

GNW stock opened at $7.79 on Thursday. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 37.10 and a beta of 0.95. The firm’s 50-day moving average price is $7.06 and its two-hundred day moving average price is $6.65. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.17. Genworth Financial, Inc. has a 12-month low of $5.67 and a 12-month 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.