Assenagon Asset Management S.A. Boosts Holdings in Genworth Financial, Inc. (NYSE:GNW)

Assenagon Asset Management S.A. raised its holdings in Genworth Financial, Inc. (NYSE:GNW) by 8.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,605,054 shares of the financial services provider’s stock after purchasing an additional 371,513 shares during the period. Assenagon Asset Management S.A. owned 1.05% of Genworth Financial worth $31,545,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of GNW. Donald Smith & CO. Inc. lifted its stake in Genworth Financial by 14.5% in the 1st quarter. Donald Smith & CO. Inc. now owns 24,244,607 shares of the financial services provider’s stock valued at $155,893,000 after buying an additional 3,069,355 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Genworth Financial by 9.1% in the second quarter. American Century Companies Inc. now owns 7,054,069 shares of the financial services provider’s stock worth $42,607,000 after acquiring an additional 590,496 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of Genworth Financial by 93.5% in the second quarter. D. E. Shaw & Co. Inc. now owns 4,052,621 shares of the financial services provider’s stock valued at $24,478,000 after acquiring an additional 1,958,632 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Genworth Financial by 51.5% during 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 acquiring an additional 944,677 shares during the last quarter. Finally, Whitefort Capital Management LP increased its position in Genworth Financial by 31.6% during the 1st quarter. Whitefort Capital Management LP now owns 1,996,960 shares of the financial services provider’s stock worth $12,840,000 after purchasing an additional 479,688 shares in the last quarter. 81.85% of the stock is currently owned by institutional investors and hedge funds.

Genworth Financial Trading Down 2.4 %

NYSE GNW opened at $6.75 on Friday. The company has a 50-day moving average of $6.86 and a 200-day moving average of $6.48. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.29 and a quick ratio of 0.29. Genworth Financial, Inc. has a 12 month low of $5.32 and a 12 month high of $7.25. The company has a market cap of $2.95 billion, a P/E ratio of 35.50 and a beta of 0.94.

Genworth Financial (NYSE:GNW) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. Genworth Financial had a net margin of 0.43% and a return on equity of 0.25%. The company had revenue of $1.77 billion for the quarter. During the same period in the prior year, the business earned $0.29 EPS.

Insider Buying and Selling

In other Genworth Financial news, CEO Thomas J. Mcinerney sold 150,000 shares of the business’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 completion of the sale, the chief executive officer now owns 4,532,954 shares of the company’s stock, valued at approximately $31,186,723.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Genworth Financial from a “hold” rating to a “buy” rating in a report on Monday, October 21st.

Genworth Financial Company 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.