Great West Life Assurance Co. Can reduced its position in shares of Genworth Financial Inc (NYSE:GNW) by 3.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 436,711 shares of the financial services provider’s stock after selling 14,453 shares during the period. Great West Life Assurance Co. Can owned about 0.09% of Genworth Financial worth $1,693,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in GNW. Southpoint Capital Advisors LP boosted its holdings in Genworth Financial by 63.5% in the second quarter. Southpoint Capital Advisors LP now owns 10,000,000 shares of the financial services provider’s stock valued at $37,700,000 after purchasing an additional 3,885,469 shares during the period. CNH Partners LLC boosted its holdings in Genworth Financial by 67.1% in the second quarter. CNH Partners LLC now owns 7,796,296 shares of the financial services provider’s stock valued at $29,392,000 after purchasing an additional 3,129,795 shares during the period. Vanguard Group Inc. boosted its holdings in Genworth Financial by 7.0% in the second quarter. Vanguard Group Inc. now owns 41,753,927 shares of the financial services provider’s stock valued at $157,413,000 after purchasing an additional 2,745,057 shares during the period. Prudential Financial Inc. boosted its holdings in Genworth Financial by 21.2% in the third quarter. Prudential Financial Inc. now owns 6,637,723 shares of the financial services provider’s stock valued at $25,555,000 after purchasing an additional 1,162,720 shares during the period. Finally, Capital Returns Management LLC purchased a new position in Genworth Financial in the second quarter valued at $2,793,000. Hedge funds and other institutional investors own 66.70% of the company’s stock.
Shares of Genworth Financial Inc (NYSE:GNW) opened at $3.17 on Wednesday. Genworth Financial Inc has a 52 week low of $3.12 and a 52 week high of $4.30. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $1,580.00, a price-to-earnings ratio of 7.00, a price-to-earnings-growth ratio of 0.70 and a beta of 2.79.
A number of research analysts recently issued reports on the company. Wells Fargo & Company reiterated a “hold” rating on shares of Genworth Financial in a report on Wednesday, November 29th. Zacks Investment Research lowered Genworth Financial from a “hold” rating to a “strong sell” rating in a report on Monday, November 6th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $4.00 target price on shares of Genworth Financial in a report on Tuesday, October 3rd. ValuEngine upgraded Genworth Financial from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, BTIG Research reiterated a “neutral” rating on shares of Genworth Financial in a report on Saturday, September 16th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Genworth Financial currently has a consensus rating of “Hold” and a consensus price target of $3.92.
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About Genworth Financial
Genworth Financial, Inc (Genworth) is a financial security company. The Company provides insurance, wealth management, investment and financial solutions. As of December 31, 2011, the Company had more than 15 million customers, with a presence in more than 25 countries. The Company operates in Insurance, Mortgage Insurance and Corporate and Runoff.
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