Jacobs Levy Equity Management Inc. Acquires 348,627 Shares of Genworth Financial, Inc. (NYSE:GNW)

Jacobs Levy Equity Management Inc. lifted its position in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 19.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,171,821 shares of the financial services provider's stock after purchasing an additional 348,627 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.51% of Genworth Financial worth $14,877,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Verition Fund Management LLC boosted its holdings in shares of Genworth Financial by 900.7% in the 3rd quarter. Verition Fund Management LLC now owns 970,185 shares of the financial services provider's stock worth $6,646,000 after purchasing an additional 873,237 shares in the last quarter. Donald Smith & CO. Inc. boosted its holdings 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 worth $171,355,000 after purchasing an additional 901,485 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Genworth Financial by 155.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 431,129 shares of the financial services provider's stock worth $2,953,000 after purchasing an additional 262,027 shares in the last quarter. Algert Global LLC boosted its holdings in shares of Genworth Financial by 23.4% in the 3rd quarter. Algert Global LLC now owns 731,705 shares of the financial services provider's stock worth $5,012,000 after purchasing an additional 138,674 shares in the last quarter. Finally, River Road Asset Management LLC boosted its holdings 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 worth $119,135,000 after purchasing an additional 131,634 shares in the last quarter. 81.85% of the stock is currently owned by hedge funds and other institutional investors.

Genworth Financial Trading Down 0.7 %

Shares of NYSE GNW traded down $0.06 during midday trading on Thursday, reaching $7.56. The company had a trading volume of 2,774,776 shares, compared to its average volume of 2,789,547. Genworth Financial, Inc. has a one year low of $5.67 and a one year 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. The firm's fifty day moving average price is $7.17 and its 200-day moving average price is $6.70. The stock has a market cap of $3.23 billion, a PE ratio of 35.98 and a beta of 0.99.

Analysts Set New Price Targets

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

About Genworth Financial

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.