Point72 Asia Singapore Pte. Ltd. Reduces Stock Holdings in Genworth Financial, Inc. (NYSE:GNW)

Point72 Asia Singapore Pte. Ltd. lowered its stake in shares of Genworth Financial, Inc. (NYSE:GNW) by 53.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,947 shares of the financial services provider’s stock after selling 54,901 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Genworth Financial were worth $322,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Donald Smith & CO. Inc. raised its stake in Genworth Financial by 3.7% during 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 acquiring an additional 901,485 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Genworth Financial by 155.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 431,129 shares of the financial services provider’s stock valued at $2,953,000 after buying an additional 262,027 shares during the last quarter. Verition Fund Management LLC boosted its holdings in shares of Genworth Financial by 900.7% in the third quarter. Verition Fund Management LLC now owns 970,185 shares of the financial services provider’s stock valued at $6,646,000 after acquiring an additional 873,237 shares during the period. Algert Global LLC increased its holdings in shares of Genworth Financial by 23.4% in the 3rd quarter. Algert Global LLC now owns 731,705 shares of the financial services provider’s stock valued at $5,012,000 after acquiring an additional 138,674 shares during the period. Finally, River Road Asset Management LLC increased its holdings 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 valued at $119,135,000 after acquiring an additional 131,634 shares during the period. Hedge funds and other institutional investors own 81.85% of the company’s stock.

Genworth Financial Price Performance

Shares of NYSE GNW opened at $7.64 on Wednesday. The company has a market cap of $3.26 billion, a PE ratio of 36.38 and a beta of 0.99. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.29 and a quick ratio of 0.29. Genworth Financial, Inc. has a 1-year low of $5.67 and a 1-year high of $7.90. The stock has a fifty day moving average price of $7.13 and a 200 day moving average price of $6.69.

Wall Street Analyst Weigh In

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