Martingale Asset Management L P Buys 6,604 Shares of Genworth Financial, Inc. (NYSE:GNW)

Martingale Asset Management L P boosted its stake in shares of Genworth Financial, Inc. (NYSE:GNW) by 5.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 136,827 shares of the financial services provider’s stock after acquiring an additional 6,604 shares during the period. Martingale Asset Management L P’s holdings in Genworth Financial were worth $937,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GNW. Donald Smith & CO. Inc. grew its stake in Genworth Financial by 3.7% during the third quarter. Donald Smith & CO. Inc. now owns 25,015,294 shares of the financial services provider’s stock worth $171,355,000 after buying an additional 901,485 shares in the last quarter. River Road Asset Management LLC increased its stake in Genworth Financial by 0.8% in the third quarter. River Road Asset Management LLC now owns 17,391,968 shares of the financial services provider’s stock valued at $119,135,000 after acquiring an additional 131,634 shares during the last quarter. American Century Companies Inc. raised its position in Genworth Financial by 9.1% during the second quarter. American Century Companies Inc. now owns 7,054,069 shares of the financial services provider’s stock valued at $42,607,000 after purchasing an additional 590,496 shares in the last quarter. FMR LLC raised its position in Genworth Financial by 18.7% during the third quarter. FMR LLC now owns 5,675,896 shares of the financial services provider’s stock valued at $38,880,000 after purchasing an additional 894,053 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Genworth Financial by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,095,892 shares of the financial services provider’s stock worth $34,907,000 after purchasing an additional 92,849 shares during the last quarter. 81.85% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Genworth Financial Trading Down 0.5 %

NYSE GNW opened at $7.76 on Tuesday. Genworth Financial, Inc. has a twelve month low of $5.67 and a twelve month high of $7.90. The business’s fifty day moving average is $7.11 and its 200 day moving average is $6.68. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.17. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 36.95 and a beta of 0.95.

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.