Paloma Partners Management Co Increases Stake in Genworth Financial, Inc. (NYSE:GNW)

Paloma Partners Management Co increased its holdings in shares of Genworth Financial, Inc. (NYSE:GNW) by 63.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,853 shares of the financial services provider’s stock after buying an additional 24,842 shares during the period. Paloma Partners Management Co’s holdings in Genworth Financial were worth $437,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its holdings in Genworth Financial by 3.2% during 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 acquiring an additional 11,959 shares in the last quarter. Simplicity Wealth LLC grew its holdings in Genworth Financial by 22.1% during the 2nd quarter. Simplicity Wealth LLC now owns 15,057 shares of the financial services provider’s stock worth $91,000 after acquiring an additional 2,721 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Genworth Financial by 138.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 4,233,541 shares of the financial services provider’s stock worth $25,571,000 after acquiring an additional 2,456,816 shares in the last quarter. Blue Trust Inc. grew its holdings in Genworth Financial by 711.1% during the 2nd quarter. Blue Trust Inc. now owns 12,888 shares of the financial services provider’s stock worth $83,000 after acquiring an additional 11,299 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC acquired a new position in Genworth Financial during the 2nd quarter worth approximately $83,000. 81.85% of the stock is owned by hedge funds and other institutional investors.

Genworth Financial Trading Down 0.5 %

Shares of Genworth Financial stock opened at $7.61 on Thursday. The company has a fifty day simple moving average of $7.15 and a 200-day simple moving average of $6.69. Genworth Financial, Inc. has a 12-month low of $5.67 and a 12-month high of $7.90. 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 stock has a market cap of $3.25 billion, a price-to-earnings ratio of 36.21 and a beta of 0.99.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Genworth Financial from a “buy” rating to a “hold” rating in a 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.