Genworth Financial, Inc. (NYSE:GNW) Shares Bought by EMC Capital Management

EMC Capital Management raised its stake in Genworth Financial, Inc. (NYSE:GNW) by 1,562.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,771 shares of the financial services provider’s stock after buying an additional 35,499 shares during the period. EMC Capital Management’s holdings in Genworth Financial were worth $264,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of GNW. KBC Group NV raised its holdings in Genworth Financial by 85.3% during the fourth quarter. KBC Group NV now owns 22,107 shares of the financial services provider’s stock worth $155,000 after purchasing an additional 10,174 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Genworth Financial by 28.5% during the 4th quarter. Blue Trust Inc. now owns 24,438 shares of the financial services provider’s stock worth $167,000 after buying an additional 5,420 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Genworth Financial by 17.2% in the 4th quarter. GAMMA Investing LLC now owns 10,838 shares of the financial services provider’s stock worth $76,000 after buying an additional 1,591 shares in the last quarter. JPMorgan Chase & Co. grew its stake 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 acquiring an additional 450,329 shares during the last quarter. Finally, Barclays PLC increased its holdings in Genworth Financial by 291.2% during the 3rd quarter. Barclays PLC now owns 744,853 shares of the financial services provider’s stock valued at $5,103,000 after acquiring an additional 554,462 shares in the last quarter. Hedge funds and other institutional investors own 81.85% of the company’s stock.

Analyst Ratings Changes

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

Genworth Financial Price Performance

Shares of NYSE:GNW traded up $0.05 on Thursday, hitting $7.37. The company had a trading volume of 49,197 shares, compared to its average volume of 3,330,867. 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 $3.15 billion, a PE ratio of 35.07 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 business has a 50 day moving average of $7.22 and a 200 day moving average of $6.95.

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.