Blue Trust Inc. Purchases 5,420 Shares of Genworth Financial, Inc. (NYSE:GNW)

Blue Trust Inc. grew its stake in shares of Genworth Financial, Inc. (NYSE:GNW) by 28.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,438 shares of the financial services provider’s stock after buying an additional 5,420 shares during the quarter. Blue Trust Inc.’s holdings in Genworth Financial were worth $167,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in GNW. GAMMA Investing LLC lifted its stake in shares of Genworth Financial by 17.2% in the fourth quarter. GAMMA Investing LLC now owns 10,838 shares of the financial services provider’s stock worth $76,000 after acquiring an additional 1,591 shares during the period. JPMorgan Chase & Co. raised its position in Genworth Financial by 30.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,947,016 shares of the financial services provider’s stock valued at $13,337,000 after buying an additional 450,329 shares during the last quarter. Barclays PLC lifted its position in shares of Genworth Financial by 291.2% during the 3rd quarter. Barclays PLC now owns 744,853 shares of the financial services provider’s stock worth $5,103,000 after buying an additional 554,462 shares in the last quarter. Y Intercept Hong Kong Ltd grew its position in Genworth Financial by 12.5% during the third quarter. Y Intercept Hong Kong Ltd now owns 117,351 shares of the financial services provider’s stock valued at $804,000 after buying an additional 13,042 shares during the period. Finally, XTX Topco Ltd grew its stake in shares of Genworth Financial by 33.4% during the 3rd quarter. XTX Topco Ltd now owns 125,438 shares of the financial services provider’s stock worth $859,000 after acquiring an additional 31,379 shares during the period. 81.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Genworth Financial Stock Up 1.2 %

GNW opened at $7.33 on Wednesday. The stock has a market cap of $3.13 billion, a PE ratio of 34.88 and a beta of 1.00. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.17. Genworth Financial, Inc. has a 52 week low of $5.67 and a 52 week high of $7.90. The business’s fifty day simple moving average is $7.18 and its 200 day simple moving average is $6.98.

Genworth Financial 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.