DAVENPORT & Co LLC acquired a new stake in Genworth Financial, Inc. (NYSE:GNW - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 45,750 shares of the financial services provider's stock, valued at approximately $320,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. bought a new position in Genworth Financial in the 3rd quarter valued at approximately $30,000. GAMMA Investing LLC lifted its stake in Genworth Financial by 34.0% in the 3rd quarter. GAMMA Investing LLC now owns 9,247 shares of the financial services provider's stock valued at $63,000 after purchasing an additional 2,347 shares during the last quarter. LMR Partners LLP bought a new position in Genworth Financial in the 3rd quarter valued at approximately $73,000. Atlas Wealth LLC bought a new position in Genworth Financial in the 3rd quarter valued at approximately $91,000. Finally, Covestor Ltd lifted its stake in Genworth Financial by 11.8% in the 3rd quarter. Covestor Ltd now owns 17,721 shares of the financial services provider's stock valued at $122,000 after purchasing an additional 1,868 shares during the last quarter. Institutional investors own 81.85% of the company's stock.
Analyst Ratings Changes
Separately, StockNews.com downgraded shares of Genworth Financial from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th.
Check Out Our Latest Analysis on GNW
Genworth Financial Trading Down 2.2 %
Shares of GNW stock traded down $0.16 during trading hours on Wednesday, hitting $7.21. 7,010,144 shares of the company's stock traded hands, compared to its average volume of 3,756,591. The stock's 50 day simple moving average is $7.14 and its 200 day simple moving average is $7.00. The stock has a market cap of $3.08 billion, a PE ratio of 34.33 and a beta of 1.00. Genworth Financial, Inc. has a 12 month low of $5.67 and a 12 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.
Genworth Financial Profile
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Free Report)
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.
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