EMC Capital Management Grows Stake in Genworth Financial, Inc. (NYSE:GNW)

EMC Capital Management lifted its stake in Genworth Financial, Inc. (NYSE:GNW) by 1,562.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Donald Smith & CO. Inc. raised its stake in 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 buying an additional 901,485 shares in the last quarter. River Road Asset Management LLC raised its position in shares of Genworth Financial by 0.8% during the 3rd quarter. River Road Asset Management LLC now owns 17,391,968 shares of the financial services provider’s stock valued at $119,135,000 after acquiring an additional 131,634 shares in the last quarter. FMR LLC lifted its stake in Genworth Financial by 18.7% during the third 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 last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Genworth Financial by 1.9% in the third 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, Assenagon Asset Management S.A. increased its stake in Genworth Financial by 8.8% during the third quarter. Assenagon Asset Management S.A. now owns 4,605,054 shares of the financial services provider’s stock valued at $31,545,000 after purchasing an additional 371,513 shares during the last quarter. Institutional investors and hedge funds own 81.85% of the company’s stock.

Genworth Financial Stock Performance

Shares of NYSE:GNW traded up $0.05 during trading on Thursday, hitting $7.37. 49,197 shares of the company traded hands, compared to its average volume of 3,330,867. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.17. The business’s fifty day moving average is $7.22 and its 200-day moving average is $6.95. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of 35.07 and a beta of 1.00. Genworth Financial, Inc. has a one year low of $5.67 and a one year high of $7.90.

Wall Street Analyst Weigh In

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

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.