JPMorgan Chase & Co. Acquires 450,329 Shares of Genworth Financial, Inc. (NYSE:GNW)

JPMorgan Chase & Co. raised its stake in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) by 30.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,947,016 shares of the financial services provider's stock after buying an additional 450,329 shares during the quarter. JPMorgan Chase & Co. owned about 0.46% of Genworth Financial worth $13,337,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in GNW. Hancock Whitney Corp raised its stake in shares of Genworth Financial by 1.0% in the third quarter. Hancock Whitney Corp now owns 135,327 shares of the financial services provider's stock worth $927,000 after purchasing an additional 1,387 shares during the last quarter. Covestor Ltd raised its stake in shares of Genworth Financial by 11.8% in the third quarter. Covestor Ltd now owns 17,721 shares of the financial services provider's stock worth $122,000 after purchasing an additional 1,868 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Genworth Financial by 72.1% in the second 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. Inspire Investing LLC grew its holdings in shares of Genworth Financial by 4.0% in the second quarter. Inspire Investing LLC now owns 57,835 shares of the financial services provider's stock worth $349,000 after acquiring an additional 2,241 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Genworth Financial by 34.0% in the third quarter. GAMMA Investing LLC now owns 9,247 shares of the financial services provider's stock worth $63,000 after acquiring an additional 2,347 shares during the period. Hedge funds and other institutional investors own 81.85% of the company's stock.

Genworth Financial Stock Performance

Shares of GNW traded down $0.25 during trading hours on Friday, hitting $6.56. The stock had a trading volume of 5,279,303 shares, compared to its average volume of 4,096,733. 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 12 month low of $5.67 and a 12 month high of $7.90. The firm has a market capitalization of $2.80 billion, a PE ratio of 31.24 and a beta of 1.00. The stock has a fifty day moving average price of $7.26 and a 200 day moving average price of $6.87.

Analyst Ratings Changes

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

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.