Bloomberg News

Genworth Shareholder NWQ Reports Cutting Most of Stake

May 10, 2012

NWQ Investment Management Co. slashed its stake in Genworth Financial Inc. (GNW:US), the insurer whose chief executive officer resigned May 1 after postponing plans for the initial public offering of its Australia unit.

NWQ reported beneficial ownership of 0.001 percent in Richmond, Virginia-based Genworth in a regulatory filing today. That compares with a stake of more than 37 million shares, or about 7.6 percent, at the end of 2011, according to data compiled by Bloomberg.

To contact the reporter on this story: Noah Buhayar in New York at nbuhayar@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net


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Companies Mentioned

  • GNW
    (Genworth Financial Inc)
    • $16.62 USD
    • -0.44
    • -2.65%
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