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

Assenagon Asset Management S.A. cut its stake in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 1.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,553,390 shares of the financial services provider's stock after selling 51,664 shares during the period. Assenagon Asset Management S.A. owned approximately 1.07% of Genworth Financial worth $31,828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of GNW. GAMMA Investing LLC boosted its position in shares of Genworth Financial by 17.2% during the fourth quarter. GAMMA Investing LLC now owns 10,838 shares of the financial services provider's stock worth $76,000 after buying an additional 1,591 shares during the period. JPMorgan Chase & Co. increased its position in shares of Genworth Financial by 30.1% during the third quarter. JPMorgan Chase & Co. now owns 1,947,016 shares of the financial services provider's stock worth $13,337,000 after purchasing an additional 450,329 shares in the last quarter. Barclays PLC increased its position in Genworth Financial by 291.2% during the third quarter. Barclays PLC now owns 744,853 shares of the financial services provider's stock worth $5,103,000 after buying an additional 554,462 shares during the period. Y Intercept Hong Kong Ltd raised its position in Genworth Financial by 12.5% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 117,351 shares of the financial services provider's stock valued at $804,000 after purchasing an additional 13,042 shares during the last quarter. Finally, XTX Topco Ltd boosted its stake in shares of Genworth Financial by 33.4% during the third quarter. XTX Topco Ltd now owns 125,438 shares of the financial services provider's stock worth $859,000 after buying an additional 31,379 shares during the period. 81.85% of the stock is currently owned by institutional investors and hedge funds.

Genworth Financial Price Performance

Shares of GNW traded up $0.08 on Friday, reaching $7.01. The stock had a trading volume of 2,023,825 shares, compared to its average volume of 3,417,739. The firm has a 50-day moving average of $7.26 and a 200 day moving average of $6.88. The firm has a market capitalization of $2.99 billion, a PE ratio of 33.36 and a beta of 1.00. Genworth Financial, Inc. has a twelve month low of $5.67 and a twelve month high of $7.90. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.17.

Analyst Upgrades and Downgrades

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

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.