Donald Smith & CO. Inc. raised its stake in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 3.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,015,294 shares of the financial services provider's stock after buying an additional 901,485 shares during the period. Genworth Financial makes up about 4.0% of Donald Smith & CO. Inc.'s investment portfolio, making the stock its 6th largest holding. Donald Smith & CO. Inc. owned approximately 5.71% of Genworth Financial worth $171,355,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently modified their holdings of the company. Assenagon Asset Management S.A. raised its stake in Genworth Financial by 138.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 4,233,541 shares of the financial services provider's stock valued at $25,571,000 after purchasing an additional 2,456,816 shares during the period. D. E. Shaw & Co. Inc. lifted its stake in Genworth Financial by 93.5% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 4,052,621 shares of the financial services provider's stock worth $24,478,000 after acquiring an additional 1,958,632 shares in the last quarter. Cubist Systematic Strategies LLC boosted its position in 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 worth $10,752,000 after acquiring an additional 1,729,167 shares during the period. Millennium Management LLC grew its stake in Genworth Financial by 51.5% during the 2nd quarter. Millennium Management LLC now owns 2,778,921 shares of the financial services provider's stock valued at $16,785,000 after acquiring an additional 944,677 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of Genworth Financial by 1,896.5% in the 2nd quarter. Acadian Asset Management LLC now owns 733,968 shares of the financial services provider's stock valued at $4,428,000 after purchasing an additional 697,206 shares during the period. Institutional investors and hedge funds own 81.85% of the company's stock.
Genworth Financial Stock Up 0.4 %
Shares of NYSE GNW traded up $0.02 during mid-day trading on Wednesday, reaching $6.85. The company had a trading volume of 1,907,147 shares, compared to its average volume of 2,759,717. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.29 and a current ratio of 0.29. Genworth Financial, Inc. has a twelve month low of $5.32 and a twelve month high of $7.25. The stock's 50 day moving average is $6.87 and its 200-day moving average is $6.50. The stock has a market capitalization of $3.00 billion, a PE ratio of 35.87 and a beta of 0.94.
Genworth Financial (NYSE:GNW - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates 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 period last year, the business earned $0.29 earnings per share.
Analyst Upgrades and Downgrades
Separately, StockNews.com cut shares of Genworth Financial from a "buy" rating to a "hold" rating in a report on Tuesday.
Check Out Our Latest Stock Analysis on GNW
Insider Activity at Genworth Financial
In related news, CEO Thomas J. Mcinerney sold 150,000 shares of the company's 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 completion of the sale, the chief executive officer now directly owns 4,532,954 shares in the company, valued at approximately $31,186,723.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.80% of the company's stock.
About Genworth Financial
(
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.
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