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

Assenagon Asset Management S.A. decreased its holdings in shares of Genworth Financial, Inc. (NYSE:GNW) by 1.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,553,390 shares of the financial services provider’s stock after selling 51,664 shares during the period. Assenagon Asset Management S.A.’s holdings in Genworth Financial were worth $31,828,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Donald Smith & CO. Inc. raised its holdings in shares of Genworth Financial by 3.7% during the third quarter. Donald Smith & CO. Inc. now owns 25,015,294 shares of the financial services provider’s stock valued at $171,355,000 after acquiring an additional 901,485 shares in the last quarter. River Road Asset Management LLC raised its holdings in Genworth Financial by 0.8% in the 3rd quarter. River Road Asset Management LLC now owns 17,391,968 shares of the financial services provider’s stock worth $119,135,000 after purchasing an additional 131,634 shares in the last quarter. FMR LLC lifted its position in shares of Genworth Financial by 18.7% in the 3rd quarter. FMR LLC now owns 5,675,896 shares of the financial services provider’s stock worth $38,880,000 after purchasing an additional 894,053 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Genworth Financial by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,095,892 shares of the financial services provider’s stock worth $34,907,000 after purchasing an additional 92,849 shares during the period. Finally, D. E. Shaw & Co. Inc. boosted its stake in shares of Genworth Financial by 93.5% during 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. Hedge funds and other institutional investors own 81.85% of the company’s stock.

Analysts Set New Price Targets

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

Genworth Financial Price Performance

GNW opened at $6.94 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.17. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 33.02 and a beta of 1.00. The stock has a fifty day simple moving average of $7.26 and a two-hundred day simple moving average of $6.88. Genworth Financial, Inc. has a 12-month low of $5.67 and a 12-month high of $7.90.

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.