Genworth Financial, Inc. (NYSE:GNW) Position Raised by KBC Group NV

KBC Group NV lifted its position in shares of Genworth Financial, Inc. (NYSE:GNW) by 85.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 22,107 shares of the financial services provider’s stock after acquiring an additional 10,174 shares during the period. KBC Group NV’s holdings in Genworth Financial were worth $155,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Repertoire Partners LP bought a new position in Genworth Financial in the 3rd quarter worth about $6,850,000. Whitefort Capital Management LP boosted its position in shares of Genworth Financial by 49.6% during the third quarter. Whitefort Capital Management LP now owns 2,986,960 shares of the financial services provider’s stock worth $20,461,000 after buying an additional 990,000 shares during the period. Donald Smith & CO. Inc. grew its holdings in Genworth Financial by 3.7% in 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 buying an additional 901,485 shares in the last quarter. FMR LLC increased its position in Genworth Financial by 18.7% in the 3rd quarter. FMR LLC now owns 5,675,896 shares of the financial services provider’s stock valued at $38,880,000 after acquiring an additional 894,053 shares during the period. Finally, Verition Fund Management LLC raised its stake in Genworth Financial by 900.7% during the 3rd 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 in the last quarter. Institutional investors and hedge funds own 81.85% of the company’s stock.

Analysts Set New Price Targets

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

Genworth Financial Stock Down 0.3 %

GNW stock opened at $7.40 on Friday. The firm’s 50-day moving average is $7.17 and its two-hundred day moving average is $6.98. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 35.23 and a beta of 1.00. Genworth Financial, Inc. has a 52 week low of $5.67 and a 52 week 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.

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.