Dynamic Technology Lab Private Ltd lessened its stake in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) by 76.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,233 shares of the financial services provider's stock after selling 99,382 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Genworth Financial were worth $214,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its holdings in Genworth Financial by 3.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 387,530 shares of the financial services provider's stock valued at $2,492,000 after purchasing an additional 11,959 shares during the period. Simplicity Wealth LLC raised its holdings in shares of Genworth Financial by 22.1% during the second quarter. Simplicity Wealth LLC now owns 15,057 shares of the financial services provider's stock valued at $91,000 after acquiring an additional 2,721 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Genworth Financial by 138.3% during the second 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. Blue Trust Inc. lifted its stake in Genworth Financial by 711.1% in 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 period. Finally, Fifth Third Wealth Advisors LLC purchased a new position in Genworth Financial during the 2nd quarter valued at $83,000. Institutional investors own 81.85% of the company's stock.
Genworth Financial Stock Down 1.5 %
Shares of GNW stock traded down $0.12 during midday trading on Tuesday, reaching $7.64. 2,328,896 shares of the stock were exchanged, 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 firm has a market cap of $3.26 billion, a PE ratio of 36.38 and a beta of 0.99. The company's 50 day moving average is $7.13 and its two-hundred day moving average is $6.69. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.17.
Analyst Upgrades and Downgrades
Separately, StockNews.com cut shares of Genworth Financial from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th.
Get Our Latest Research Report on GNW
Genworth Financial Profile
(
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.
Further Reading
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