Assenagon Asset Management S.A. Lowers Stock Holdings in Genworth Financial, Inc. (NYSE:GNW)

Assenagon Asset Management S.A. reduced its position in Genworth Financial, Inc. (NYSE:GNW) by 1.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,553,390 shares of the financial services provider’s stock after selling 51,664 shares during the quarter. Assenagon Asset Management S.A. owned 1.07% of Genworth Financial worth $31,828,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its position in Genworth Financial by 72.1% during the second quarter. EverSource Wealth Advisors LLC now owns 4,828 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 2,022 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of Genworth Financial in the 3rd quarter valued at $30,000. GAMMA Investing LLC grew its holdings in shares of Genworth Financial by 34.0% during the 3rd quarter. GAMMA Investing LLC now owns 9,247 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 2,347 shares during the last quarter. LMR Partners LLP purchased a new position in Genworth Financial in the 3rd quarter worth $73,000. Finally, Atlas Wealth LLC bought a new stake in Genworth Financial in the third quarter worth $91,000. 81.85% of the stock is owned by hedge funds and other institutional investors.

Genworth Financial Stock Performance

Shares of GNW stock opened at $6.94 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.29 and a current ratio of 0.29. Genworth Financial, Inc. has a fifty-two week low of $5.67 and a fifty-two week high of $7.90. The company has a market capitalization of $2.96 billion, a P/E ratio of 33.02 and a beta of 1.00. The stock has a 50 day moving average price of $7.26 and a two-hundred day moving average price of $6.88.

Analyst Ratings Changes

Separately, StockNews.com downgraded Genworth Financial from a “buy” rating to a “hold” rating in a 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.