Charles Schwab Investment Management Inc. Grows Stake in Genworth Financial, Inc. (NYSE:GNW)

Charles Schwab Investment Management Inc. increased its stake in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 1.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,095,892 shares of the financial services provider's stock after buying an additional 92,849 shares during the period. Charles Schwab Investment Management Inc. owned 1.19% of Genworth Financial worth $34,907,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Assenagon Asset Management S.A. lifted its position in Genworth Financial by 138.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 4,233,541 shares of the financial services provider's stock valued at $25,571,000 after acquiring an additional 2,456,816 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position in Genworth Financial by 93.5% in the 2nd 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. Cubist Systematic Strategies LLC lifted its position in Genworth Financial by 3,395.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,780,098 shares of the financial services provider's stock valued at $10,752,000 after acquiring an additional 1,729,167 shares in the last quarter. Millennium Management LLC lifted its position in Genworth Financial by 51.5% in the 2nd 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 in the last quarter. Finally, Donald Smith & CO. Inc. lifted its holdings in shares of Genworth Financial by 3.7% during the 3rd quarter. Donald Smith & CO. Inc. now owns 25,015,294 shares of the financial services provider's stock valued at $171,355,000 after buying an additional 901,485 shares during the period. Hedge funds and other institutional investors own 81.85% of the company's stock.

Analyst Ratings Changes

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

Genworth Financial Stock Performance

Shares of NYSE GNW traded down $0.03 during midday trading on Wednesday, hitting $7.61. 3,378,909 shares of the stock traded hands, compared to its average volume of 2,789,610. The firm has a 50-day moving average of $7.13 and a two-hundred day moving average of $6.69. The firm has a market capitalization of $3.25 billion, a P/E ratio of 36.38 and a beta of 0.99. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.29 and a current ratio of 0.29. Genworth Financial, Inc. has a one year low of $5.67 and a one year high of $7.90.

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.