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

Martingale Asset Management L P raised its position in Genworth Financial, Inc. (NYSE:GNW) by 5.1% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position in shares of 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 worth $29,000 after purchasing an additional 2,022 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in Genworth Financial during the 3rd quarter worth about $30,000. GAMMA Investing LLC boosted its stake 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 last quarter. LMR Partners LLP bought a new position in shares of Genworth Financial in the 3rd quarter valued at about $73,000. Finally, RMR Wealth Builders increased its position in shares of Genworth Financial by 20.2% in the second 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. Institutional investors and hedge funds own 81.85% of the company’s stock.

Analyst Ratings Changes

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

Genworth Financial Stock Performance

GNW opened at $7.76 on Tuesday. 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 stock has a market cap of $3.31 billion, a price-to-earnings ratio of 36.95 and a beta of 0.95. Genworth Financial, Inc. has a 12-month low of $5.67 and a 12-month high of $7.90. The business has a 50 day moving average of $7.11 and a 200-day moving average of $6.68.

Genworth Financial 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.