Wolverine Asset Management LLC Sells 13,278 Shares of Genworth Financial, Inc. (NYSE:GNW)

Wolverine Asset Management LLC cut its stake in Genworth Financial, Inc. (NYSE:GNW) by 17.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,477 shares of the financial services provider’s stock after selling 13,278 shares during the period. Wolverine Asset Management LLC’s holdings in Genworth Financial were worth $442,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Headlands Technologies LLC purchased a new stake in Genworth Financial in the 1st quarter valued at about $25,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Genworth Financial in the third quarter valued at approximately $30,000. SageView Advisory Group LLC bought a new position in Genworth Financial in the first quarter worth approximately $30,000. EverSource Wealth Advisors LLC increased its holdings in Genworth Financial by 72.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,828 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 2,022 shares during the period. Finally, GAMMA Investing LLC raised 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 in the last quarter. Hedge funds and other institutional investors own 81.85% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Genworth Financial from a “hold” rating to a “buy” rating in a research note on Tuesday.

Genworth Financial Price Performance

Shares of GNW opened at $7.33 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 company has a 50 day moving average price of $6.88 and a 200-day moving average price of $6.57. Genworth Financial, Inc. has a fifty-two week low of $5.66 and a fifty-two week high of $7.48. The stock has a market capitalization of $3.13 billion, a PE ratio of 34.90 and a beta of 0.95.

Insider Buying and Selling

In related news, CEO Thomas J. Mcinerney sold 150,000 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $6.88, for a total transaction of $1,032,000.00. Following the sale, the chief executive officer now owns 4,532,954 shares of the company’s stock, valued at $31,186,723.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is currently owned by insiders.

Genworth Financial Profile

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.