Mount Vernon Associates Inc. MD Sells 8,000 Shares of Genworth Financial Inc (NYSE:GNW)

Mount Vernon Associates Inc. MD trimmed its position in Genworth Financial Inc (NYSE:GNW) by 22.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 27,800 shares of the financial services provider’s stock after selling 8,000 shares during the period. Mount Vernon Associates Inc. MD’s holdings in Genworth Financial were worth $103,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Maso Capital Partners Ltd boosted its position in shares of Genworth Financial by 14.3% in the 1st quarter. Maso Capital Partners Ltd now owns 2,676,800 shares of the financial services provider’s stock worth $10,252,000 after purchasing an additional 334,700 shares during the last quarter. Creative Planning boosted its position in shares of Genworth Financial by 81.2% in the 1st quarter. Creative Planning now owns 25,632 shares of the financial services provider’s stock worth $98,000 after purchasing an additional 11,488 shares during the last quarter. World Asset Management Inc boosted its position in shares of Genworth Financial by 29.8% in the 1st quarter. World Asset Management Inc now owns 46,836 shares of the financial services provider’s stock worth $179,000 after purchasing an additional 10,763 shares during the last quarter. Two Sigma Investments LP boosted its position in shares of Genworth Financial by 67.6% in the 4th quarter. Two Sigma Investments LP now owns 35,959 shares of the financial services provider’s stock worth $168,000 after purchasing an additional 14,500 shares during the last quarter. Finally, Marshall Wace North America L.P. boosted its position in shares of Genworth Financial by 40.7% in the 1st quarter. Marshall Wace North America L.P. now owns 63,779 shares of the financial services provider’s stock worth $244,000 after purchasing an additional 18,442 shares during the last quarter. Hedge funds and other institutional investors own 65.96% of the company’s stock.

Shares of NYSE:GNW traded down $0.07 during midday trading on Friday, hitting $3.92. The company had a trading volume of 1,282,237 shares, compared to its average volume of 2,662,690. Genworth Financial Inc has a 12 month low of $2.89 and a 12 month high of $5.02. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.26. The company has a market cap of $2.01 billion, a PE ratio of 10.89 and a beta of 1.72. The business has a fifty day moving average of $3.83.

Genworth Financial (NYSE:GNW) last posted its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.15. Genworth Financial had a return on equity of 1.21% and a net margin of 1.87%. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same period last year, the company earned $0.40 EPS. The firm’s revenue was down .1% on a year-over-year basis. On average, sell-side analysts forecast that Genworth Financial Inc will post 1.12 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on the company. ValuEngine lowered Genworth Financial from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. BTIG Research restated a “hold” rating on shares of Genworth Financial in a research report on Tuesday, July 2nd.

Genworth Financial Profile

Genworth Financial, Inc provides insurance and homeownership solutions in the United States and internationally. It operates through five segments: U.S. Mortgage Insurance, Canada Mortgage Insurance, Australia Mortgage Insurance, U.S. Life Insurance, and Runoff. The U.S. Mortgage Insurance segment offers mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans.

Recommended Story: Understanding the different types of bonds

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.