Citigroup Inc. Boosts Stock Holdings in Genworth Financial, Inc. (NYSE:GNW)

Citigroup Inc. boosted its holdings in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) by 50.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 651,385 shares of the financial services provider's stock after acquiring an additional 219,224 shares during the period. Citigroup Inc. owned about 0.15% of Genworth Financial worth $4,462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in GNW. Price T Rowe Associates Inc. MD grew its holdings in Genworth Financial by 3.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 387,530 shares of the financial services provider's stock worth $2,492,000 after purchasing an additional 11,959 shares during the last quarter. Simplicity Wealth LLC raised its stake in Genworth Financial by 22.1% in the second quarter. Simplicity Wealth LLC now owns 15,057 shares of the financial services provider's stock valued at $91,000 after buying an additional 2,721 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Genworth Financial by 138.3% in the second quarter. Assenagon Asset Management S.A. now owns 4,233,541 shares of the financial services provider's stock worth $25,571,000 after acquiring an additional 2,456,816 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Genworth Financial by 711.1% during the second quarter. Blue Trust Inc. now owns 12,888 shares of the financial services provider's stock worth $83,000 after acquiring an additional 11,299 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC purchased a new position in shares of Genworth Financial in the 2nd quarter valued at approximately $83,000. Hedge funds and other institutional investors own 81.85% of the company's stock.

Genworth Financial Stock Performance

Genworth Financial stock traded down $0.12 during trading hours on Tuesday, hitting $7.64. 2,328,896 shares of the stock traded hands, compared to its average volume of 2,787,081. Genworth Financial, Inc. has a 1 year low of $5.67 and a 1 year high of $7.90. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 36.38 and a beta of 0.99. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.29 and a quick ratio of 0.29. The firm's 50 day moving average price is $7.13 and its 200-day moving average price is $6.69.

Wall Street Analysts Forecast Growth

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

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.