Genworth Financial, Inc. (NYSE:GNW) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its stake in shares of Genworth Financial, Inc. (NYSE:GNW) by 44.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,000 shares of the financial services provider’s stock after acquiring an additional 15,300 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Genworth Financial were worth $343,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Assenagon Asset Management S.A. increased its position in shares of Genworth Financial by 138.3% in the second 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. D. E. Shaw & Co. Inc. increased its holdings in Genworth Financial by 93.5% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 4,052,621 shares of the financial services provider’s stock valued at $24,478,000 after purchasing an additional 1,958,632 shares in the last quarter. Cubist Systematic Strategies LLC raised its position in Genworth Financial by 3,395.1% in the second quarter. Cubist Systematic Strategies LLC now owns 1,780,098 shares of the financial services provider’s stock valued at $10,752,000 after purchasing an additional 1,729,167 shares during the period. Millennium Management LLC lifted its stake in shares of Genworth Financial by 51.5% during the second quarter. Millennium Management LLC now owns 2,778,921 shares of the financial services provider’s stock worth $16,785,000 after purchasing an additional 944,677 shares in the last quarter. Finally, Donald Smith & CO. Inc. boosted its position in shares of Genworth Financial by 3.7% in the third quarter. Donald Smith & CO. Inc. now owns 25,015,294 shares of the financial services provider’s stock worth $171,355,000 after buying an additional 901,485 shares during the period. 81.85% of the stock is currently owned by hedge funds and other institutional investors.

Genworth Financial Price Performance

Shares of GNW stock opened at $7.80 on Monday. The firm has a fifty day simple moving average of $7.10 and a 200-day simple moving average of $6.67. The company has a market capitalization of $3.33 billion, a PE ratio of 37.14 and a beta of 0.95. Genworth Financial, Inc. has a twelve month low of $5.67 and a twelve 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.

Analysts Set New Price Targets

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

About Genworth Financial

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.