Connor Clark & Lunn Investment Management Ltd. grew its holdings in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 155.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 431,129 shares of the financial services provider's stock after buying an additional 262,027 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.10% of Genworth Financial worth $2,953,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Covestor Ltd boosted its holdings in Genworth Financial by 11.8% during the third quarter. Covestor Ltd now owns 17,721 shares of the financial services provider's stock worth $122,000 after buying an additional 1,868 shares in the last quarter. Sage Rhino Capital LLC boosted its stake in shares of Genworth Financial by 9.8% during the 2nd quarter. Sage Rhino Capital LLC now owns 21,899 shares of the financial services provider's stock worth $132,000 after acquiring an additional 1,950 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Genworth Financial by 72.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,828 shares of the financial services provider's stock worth $29,000 after acquiring an additional 2,022 shares during the period. RMR Wealth Builders grew its holdings in shares of Genworth Financial by 20.2% in the 2nd quarter. RMR Wealth Builders now owns 12,620 shares of the financial services provider's stock worth $76,000 after acquiring an additional 2,120 shares during the period. Finally, Inspire Investing LLC increased its stake in Genworth Financial by 4.0% in the 2nd quarter. Inspire Investing LLC now owns 57,835 shares of the financial services provider's stock valued at $349,000 after purchasing an additional 2,241 shares in the last quarter. 81.85% of the stock is owned by institutional investors and hedge funds.
Genworth Financial Price Performance
NYSE:GNW traded up $0.05 during mid-day trading on Monday, hitting $7.82. 5,530,122 shares of the company's stock traded hands, compared to its average volume of 2,793,815. 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 company has a market cap of $3.34 billion, a PE ratio of 37.43 and a beta of 0.95. The firm's 50 day simple moving average is $7.00 and its 200 day simple moving average is $6.63. Genworth Financial, Inc. has a 1 year low of $5.67 and a 1 year high of $7.87.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded Genworth Financial from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th.
Check Out Our Latest Stock Analysis on Genworth Financial
Genworth Financial Company 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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