Genworth Financial, Inc. (NYSE:GNW) Shares Acquired by Algert Global LLC

Algert Global LLC increased its holdings in shares of Genworth Financial, Inc. (NYSE:GNW) by 23.4% in the third quarter, Holdings Channel reports. The firm owned 731,705 shares of the financial services provider’s stock after acquiring an additional 138,674 shares during the period. Algert Global LLC’s holdings in Genworth Financial were worth $5,012,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of GNW. O Shaughnessy Asset Management LLC purchased a new position in shares of Genworth Financial in the 1st quarter valued at $81,000. Quadrature Capital Ltd grew its stake in shares of Genworth Financial by 61.1% in the first quarter. Quadrature Capital Ltd now owns 103,794 shares of the financial services provider’s stock valued at $667,000 after buying an additional 39,382 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of 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 valued at $2,492,000 after buying an additional 11,959 shares during the period. EJF Capital LLC lifted its position in Genworth Financial by 25.4% during the 1st quarter. EJF Capital LLC now owns 560,800 shares of the financial services provider’s stock worth $3,606,000 after acquiring an additional 113,631 shares in the last quarter. Finally, Innealta Capital LLC grew its position in Genworth Financial by 25.4% in the first quarter. Innealta Capital LLC now owns 48,860 shares of the financial services provider’s stock valued at $314,000 after acquiring an additional 9,891 shares in the last quarter. Hedge funds and other institutional investors own 81.85% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Genworth Financial Stock Up 2.0 %

Shares of NYSE GNW opened at $7.77 on Monday. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of 37.00 and a beta of 0.95. Genworth Financial, Inc. has a 1 year low of $5.67 and a 1 year high of $7.77. 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 stock’s 50-day simple moving average is $7.00 and its 200-day simple moving average is $6.63.

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.