Genworth Financial, Inc. (NYSE:GNW) Stake Lifted by Algert Global LLC

Algert Global LLC raised its stake in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) by 23.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 731,705 shares of the financial services provider's stock after acquiring an additional 138,674 shares during the quarter. Algert Global LLC owned approximately 0.17% of Genworth Financial worth $5,012,000 at the end of the most recent quarter.

Other hedge funds 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% during 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 in the last quarter. River Road Asset Management LLC raised its holdings in shares of Genworth Financial by 0.8% during the third 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 during the period. Assenagon Asset Management S.A. lifted its position in shares of Genworth Financial by 138.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 4,233,541 shares of the financial services provider's stock worth $25,571,000 after buying an additional 2,456,816 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Genworth Financial by 0.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 912,090 shares of the financial services provider's stock worth $6,248,000 after buying an additional 7,502 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Genworth Financial by 62.0% in the 2nd quarter. Renaissance Technologies LLC now owns 548,900 shares of the financial services provider's stock valued at $3,315,000 after buying an additional 210,000 shares during the period. 81.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Genworth Financial from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th.

Genworth Financial Stock Performance

NYSE:GNW traded up $0.05 during midday trading on Monday, reaching $7.82. 5,530,122 shares of the company traded hands, compared to its average volume of 2,793,815. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 37.43 and a beta of 0.95. The company has a fifty day moving average price of $7.00 and a 200 day moving average price of $6.63. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.29 and a quick ratio of 0.29. Genworth Financial, Inc. has a twelve month low of $5.67 and a twelve month high of $7.87.

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.