Fmr LLC Acquires 894,053 Shares of Genworth Financial, Inc. (NYSE:GNW)

FMR LLC raised its holdings in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) by 18.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,675,896 shares of the financial services provider's stock after purchasing an additional 894,053 shares during the period. FMR LLC owned 1.33% of Genworth Financial worth $38,880,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. raised its position in shares of Genworth Financial by 3.7% in 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 acquiring an additional 901,485 shares during the period. River Road Asset Management LLC raised its position in shares of Genworth Financial by 0.8% in the 3rd quarter. River Road Asset Management LLC now owns 17,391,968 shares of the financial services provider's stock valued at $119,135,000 after acquiring an additional 131,634 shares during the period. American Century Companies Inc. raised its position in shares of Genworth Financial by 9.1% in the 2nd quarter. American Century Companies Inc. now owns 7,054,069 shares of the financial services provider's stock valued at $42,607,000 after acquiring an additional 590,496 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Genworth Financial by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,095,892 shares of the financial services provider's stock valued at $34,907,000 after acquiring an additional 92,849 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in shares of Genworth Financial by 8.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,605,054 shares of the financial services provider's stock valued at $31,545,000 after acquiring an additional 371,513 shares during the period. 81.85% of the stock is currently owned by institutional investors and hedge funds.

Genworth Financial Stock Down 1.5 %

GNW stock traded down $0.11 during mid-day trading on Monday, hitting $7.39. 3,027,904 shares of the company were exchanged, compared to its average volume of 2,793,771. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market cap of $3.16 billion, a P/E ratio of 35.71 and a beta of 0.99. The firm's 50 day simple moving average is $7.18 and its 200 day simple moving average is $6.71. Genworth Financial, Inc. has a 1-year low of $5.67 and a 1-year high of $7.90.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Genworth Financial from a "buy" rating to a "hold" rating in a 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.