Whitefort Capital Management LP grew its position in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) by 49.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,986,960 shares of the financial services provider's stock after buying an additional 990,000 shares during the period. Genworth Financial makes up 9.4% of Whitefort Capital Management LP's holdings, making the stock its 5th biggest position. Whitefort Capital Management LP owned 0.70% of Genworth Financial worth $20,461,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of GNW. EverSource Wealth Advisors LLC grew its position in 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 valued at $29,000 after acquiring an additional 2,022 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in Genworth Financial during the third quarter valued at $30,000. GAMMA Investing LLC grew 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 worth $63,000 after buying an additional 2,347 shares during the period. LMR Partners LLP bought a new stake in Genworth Financial in the 3rd quarter valued at about $73,000. Finally, RMR Wealth Builders raised its holdings in Genworth Financial by 20.2% during the second quarter. RMR Wealth Builders now owns 12,620 shares of the financial services provider's stock worth $76,000 after buying an additional 2,120 shares during the last quarter. Institutional investors and hedge funds own 81.85% of the company's stock.
Analyst Ratings Changes
Separately, StockNews.com downgraded shares of Genworth Financial from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th.
Check Out Our Latest Analysis on GNW
Genworth Financial Stock Performance
Shares of NYSE GNW traded down $0.04 during mid-day trading on Friday, hitting $7.51. The company had a trading volume of 1,813,460 shares, compared to its average volume of 2,784,142. The stock's 50-day moving average price is $7.17 and its 200-day moving average price is $6.70. 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 company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 35.98 and a beta of 0.99. Genworth Financial, Inc. has a 1 year low of $5.67 and a 1 year high of $7.90.
Genworth Financial Profile
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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.
Further Reading
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