Repertoire Partners LP Takes Position in Genworth Financial, Inc. (NYSE:GNW)

Repertoire Partners LP bought a new stake in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,000,000 shares of the financial services provider's stock, valued at approximately $6,850,000. Genworth Financial makes up about 7.7% of Repertoire Partners LP's investment portfolio, making the stock its 3rd biggest position. Repertoire Partners LP owned approximately 0.23% of Genworth Financial as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GNW. EverSource Wealth Advisors LLC increased its holdings in Genworth Financial by 72.1% in the 2nd 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 in the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of Genworth Financial during the 3rd quarter valued at about $30,000. GAMMA Investing LLC boosted its position in shares of Genworth Financial by 34.0% during the 3rd quarter. GAMMA Investing LLC now owns 9,247 shares of the financial services provider's stock valued at $63,000 after acquiring an additional 2,347 shares during the last quarter. LMR Partners LLP acquired a new position in shares of Genworth Financial during the 3rd quarter valued at about $73,000. Finally, RMR Wealth Builders boosted its position in shares of Genworth Financial by 20.2% during the 2nd quarter. RMR Wealth Builders now owns 12,620 shares of the financial services provider's stock valued at $76,000 after acquiring an additional 2,120 shares during the last quarter. 81.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Genworth Financial Trading Down 0.7 %

NYSE GNW traded down $0.06 during trading hours on Thursday, reaching $7.56. The company had a trading volume of 2,774,776 shares, compared to its average volume of 2,789,547. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $3.23 billion, a P/E ratio of 35.98 and a beta of 0.99. The stock has a 50-day moving average of $7.17 and a 200 day moving average of $6.70. Genworth Financial, Inc. has a 1-year low of $5.67 and a 1-year high of $7.90.

Genworth Financial Company 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.