Kovitz Investment Group Partners LLC Purchases New Holdings in Genworth Financial, Inc. (NYSE:GNW)

Kovitz Investment Group Partners LLC bought a new stake in shares of Genworth Financial, Inc. (NYSE:GNW) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,707 shares of the financial services provider’s stock, valued at approximately $142,000.

Several other hedge funds and other institutional investors have also made changes to their positions in GNW. Assenagon Asset Management S.A. increased its position in shares of Genworth Financial by 138.3% during the second quarter. Assenagon Asset Management S.A. now owns 4,233,541 shares of the financial services provider’s stock worth $25,571,000 after purchasing an additional 2,456,816 shares in the last quarter. D. E. Shaw & Co. Inc. grew its holdings in shares of Genworth Financial by 93.5% during the second quarter. D. E. Shaw & Co. Inc. now owns 4,052,621 shares of the financial services provider’s stock worth $24,478,000 after buying an additional 1,958,632 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of Genworth Financial by 3,395.1% during the second quarter. Cubist Systematic Strategies LLC now owns 1,780,098 shares of the financial services provider’s stock worth $10,752,000 after buying an additional 1,729,167 shares in the last quarter. Repertoire Partners LP acquired a new stake in shares of Genworth Financial in the third quarter valued at about $6,850,000. Finally, Whitefort Capital Management LP lifted its stake in shares of Genworth Financial by 49.6% in the third quarter. Whitefort Capital Management LP now owns 2,986,960 shares of the financial services provider’s stock worth $20,461,000 after buying an additional 990,000 shares in the last quarter. Hedge funds and other institutional investors own 81.85% of the company’s stock.

Genworth Financial Stock Performance

Shares of Genworth Financial stock opened at $7.54 on Friday. The business’s 50 day moving average price is $7.23 and its 200 day moving average price is $6.73. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 35.88 and a beta of 0.99. 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 one year low of $5.67 and a one year high of $7.90.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Genworth Financial from a “buy” rating to a “hold” rating in a research note 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.