Swiss National Bank Decreases Holdings in Genworth Financial, Inc. (NYSE:GNW)

Swiss National Bank trimmed its stake in Genworth Financial, Inc. (NYSE:GNW) by 1.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 849,986 shares of the financial services provider’s stock after selling 14,300 shares during the period. Swiss National Bank owned 0.20% of Genworth Financial worth $5,822,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Donald Smith & CO. Inc. increased its stake in shares of Genworth Financial by 3.7% in the 3rd quarter. Donald Smith & CO. Inc. now owns 25,015,294 shares of the financial services provider’s stock worth $171,355,000 after purchasing an additional 901,485 shares in the last quarter. River Road Asset Management LLC increased its stake in shares of Genworth Financial by 0.8% in the 3rd quarter. River Road Asset Management LLC now owns 17,391,968 shares of the financial services provider’s stock worth $119,135,000 after purchasing an additional 131,634 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Genworth Financial by 9.1% in the 2nd quarter. American Century Companies Inc. now owns 7,054,069 shares of the financial services provider’s stock worth $42,607,000 after purchasing an additional 590,496 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Genworth Financial by 8.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,605,054 shares of the financial services provider’s stock worth $31,545,000 after purchasing an additional 371,513 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. increased its stake in shares of 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 purchasing an additional 1,958,632 shares in the last quarter. 81.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Genworth Financial Trading Down 0.3 %

Shares of Genworth Financial stock opened at $7.79 on Thursday. The company has a market capitalization of $3.33 billion, a P/E ratio of 37.10 and a beta of 0.95. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.29 and a current ratio of 0.29. The company has a fifty day moving average of $7.06 and a 200 day moving average of $6.65. Genworth Financial, Inc. has a fifty-two week low of $5.67 and a fifty-two week high of $7.90.

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.