Assenagon Asset Management S.A. Boosts Position in Genworth Financial, Inc. (NYSE:GNW)

Assenagon Asset Management S.A. raised its stake in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) by 8.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,605,054 shares of the financial services provider's stock after purchasing an additional 371,513 shares during the quarter. Assenagon Asset Management S.A. owned 1.05% of Genworth Financial worth $31,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Headlands Technologies LLC purchased a new position in Genworth Financial in the first quarter worth $25,000. EverSource Wealth Advisors LLC raised its holdings in shares of Genworth Financial by 72.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,828 shares of the financial services provider's stock valued at $29,000 after buying an additional 2,022 shares in the last quarter. SageView Advisory Group LLC bought a new stake in Genworth Financial in the 1st quarter worth approximately $30,000. GAMMA Investing LLC boosted its stake in 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 buying an additional 2,347 shares in the last quarter. Finally, Empowered Funds LLC purchased a new stake in Genworth Financial in the first quarter worth approximately $67,000. Hedge funds and other institutional investors own 81.85% of the company's stock.

Genworth Financial Trading Down 2.5 %

NYSE GNW traded down $0.17 during trading on Friday, hitting $6.74. 2,373,018 shares of the company's stock traded hands, compared to its average volume of 2,472,906. The stock has a fifty day moving average of $6.86 and a two-hundred day moving average of $6.48. Genworth Financial, Inc. has a 12-month low of $5.32 and a 12-month high of $7.25. The firm has a market cap of $2.91 billion, a P/E ratio of 96.29 and a beta of 0.94. 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 (NYSE:GNW - Get Free Report) last issued its earnings results on Wednesday, July 31st. The financial services provider reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.09. The company had revenue of $1.77 billion during the quarter. Genworth Financial had a return on equity of 0.25% and a net margin of 0.43%. During the same quarter in the prior year, the company earned $0.29 earnings per share.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Genworth Financial from a "hold" rating to a "buy" rating in a research note on Monday, October 21st.

Insider Activity

In related news, CEO Thomas J. Mcinerney sold 150,000 shares of Genworth Financial stock in a transaction on Monday, August 26th. The shares were sold at an average price of $6.88, for a total value of $1,032,000.00. Following the transaction, the chief executive officer now directly owns 4,532,954 shares of the company's stock, valued at $31,186,723.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.80% of the company's stock.

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.