Barclays PLC grew its stake in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 291.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 744,853 shares of the financial services provider's stock after buying an additional 554,462 shares during the quarter. Barclays PLC owned approximately 0.17% of Genworth Financial worth $5,103,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Fifth Third Wealth Advisors LLC bought a new stake in shares of Genworth Financial during the 2nd quarter valued at $83,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Genworth Financial by 15.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 110,684 shares of the financial services provider's stock valued at $669,000 after acquiring an additional 14,399 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Genworth Financial in the second quarter valued at about $332,000. Sage Rhino Capital LLC boosted its stake in shares of Genworth Financial by 9.8% in the second 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 during the period. Finally, Commonwealth Equity Services LLC grew its position in shares of Genworth Financial by 1.3% during the second quarter. Commonwealth Equity Services LLC now owns 310,166 shares of the financial services provider's stock worth $1,873,000 after purchasing an additional 4,030 shares in the last quarter. Institutional investors own 81.85% of the company's stock.
Genworth Financial Price Performance
Shares of Genworth Financial stock traded up $0.07 during trading on Friday, reaching $7.03. 8,977,934 shares of the stock traded hands, compared to its average volume of 2,827,570. Genworth Financial, Inc. has a 52-week low of $5.67 and a 52-week high of $7.90. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.29 and a quick ratio of 0.29. The business has a fifty day simple moving average of $7.26 and a two-hundred day simple moving average of $6.78. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 33.48 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.
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Genworth Financial Company Profile
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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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