Genworth Financial, Inc. (NYSE:GNW) Stake Lifted by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its stake in Genworth Financial, Inc. (NYSE:GNW) by 44.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 50,000 shares of the financial services provider’s stock after purchasing an additional 15,300 shares during the period. Daiwa Securities Group Inc.’s holdings in Genworth Financial were worth $343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its holdings in Genworth Financial by 3.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 387,530 shares of the financial services provider’s stock worth $2,492,000 after buying an additional 11,959 shares in the last quarter. Simplicity Wealth LLC grew its stake in shares of Genworth Financial by 22.1% in the second quarter. Simplicity Wealth LLC now owns 15,057 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 2,721 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Genworth Financial by 138.3% during the second 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. Blue Trust Inc. raised its stake in shares of Genworth Financial by 711.1% during the second quarter. Blue Trust Inc. now owns 12,888 shares of the financial services provider’s stock valued at $83,000 after purchasing an additional 11,299 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC bought a new stake in shares of Genworth Financial during the second quarter valued at about $83,000. Institutional investors and hedge funds own 81.85% of the company’s stock.

Genworth Financial Price Performance

NYSE GNW opened at $7.80 on Monday. Genworth Financial, Inc. has a 12 month low of $5.67 and a 12 month high of $7.90. The firm has a market capitalization of $3.33 billion, a PE ratio of 37.14 and a beta of 0.95. The company’s 50 day simple moving average is $7.10 and its 200 day simple moving average is $6.67. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.29 and a quick ratio of 0.29.

Wall Street Analysts Forecast Growth

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

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.