Verition Fund Management LLC Purchases 873,237 Shares of Genworth Financial, Inc. (NYSE:GNW)

Verition Fund Management LLC increased its holdings in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 900.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 970,185 shares of the financial services provider's stock after acquiring an additional 873,237 shares during the period. Verition Fund Management LLC owned about 0.23% of Genworth Financial worth $6,646,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted 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 worth $25,571,000 after purchasing an additional 2,456,816 shares during the period. D. E. Shaw & Co. Inc. boosted its stake in shares of Genworth Financial by 93.5% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 4,052,621 shares of the financial services provider's stock valued at $24,478,000 after buying an additional 1,958,632 shares during the period. Cubist Systematic Strategies LLC boosted its stake in shares of Genworth Financial by 3,395.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,780,098 shares of the financial services provider's stock valued at $10,752,000 after buying an additional 1,729,167 shares during the period. Millennium Management LLC raised its holdings in shares of Genworth Financial by 51.5% during the second quarter. Millennium Management LLC now owns 2,778,921 shares of the financial services provider's stock worth $16,785,000 after acquiring an additional 944,677 shares in the last quarter. Finally, Donald Smith & CO. Inc. boosted its position in Genworth Financial by 3.7% during the third quarter. Donald Smith & CO. Inc. now owns 25,015,294 shares of the financial services provider's stock valued at $171,355,000 after purchasing an additional 901,485 shares during the last quarter. 81.85% of the stock is currently owned by institutional investors and hedge funds.

Genworth Financial Stock Down 0.5 %

Genworth Financial stock traded down $0.04 during mid-day trading on Monday, hitting $7.76. 3,586,410 shares of the company's stock were exchanged, compared to its average volume of 2,789,055. Genworth Financial, Inc. has a 1-year low of $5.67 and a 1-year high of $7.90. The stock has a 50 day moving average of $7.11 and a two-hundred day moving average of $6.68. The stock has a market cap of $3.31 billion, a P/E ratio of 36.95 and a beta of 0.95. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.17.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Genworth Financial from a "buy" rating to a "hold" rating in a research note 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.