Hancock Whitney Corp Raises Stock Position in Genworth Financial, Inc. (NYSE:GNW)

Hancock Whitney Corp increased its holdings in shares of Genworth Financial, Inc. (NYSE:GNW) by 1.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,327 shares of the financial services provider’s stock after purchasing an additional 1,387 shares during the quarter. Hancock Whitney Corp’s holdings in Genworth Financial were worth $927,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. increased its holdings in Genworth Financial by 44.1% in the 3rd quarter. Daiwa Securities Group Inc. now owns 50,000 shares of the financial services provider’s stock valued at $343,000 after acquiring an additional 15,300 shares during the last quarter. Algert Global LLC increased its holdings in shares of Genworth Financial by 23.4% in the third quarter. Algert Global LLC now owns 731,705 shares of the financial services provider’s stock worth $5,012,000 after purchasing an additional 138,674 shares during the last quarter. Citigroup Inc. lifted its position in shares of Genworth Financial by 50.7% in the third quarter. Citigroup Inc. now owns 651,385 shares of the financial services provider’s stock worth $4,462,000 after buying an additional 219,224 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Genworth Financial by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,095,892 shares of the financial services provider’s stock valued at $34,907,000 after buying an additional 92,849 shares during the last quarter. Finally, Intech Investment Management LLC grew its holdings in Genworth Financial by 34.8% during the 3rd quarter. Intech Investment Management LLC now owns 127,882 shares of the financial services provider’s stock valued at $876,000 after buying an additional 32,979 shares in the last quarter. Institutional investors own 81.85% of the company’s stock.

Genworth Financial Price Performance

Shares of NYSE GNW opened at $7.82 on Wednesday. Genworth Financial, Inc. has a 52-week low of $5.67 and a 52-week high of $7.87. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 37.21 and a beta of 0.95. The stock has a 50 day moving average price of $7.04 and a 200 day moving average price of $6.64. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.29 and a current ratio of 0.29.

Analyst Upgrades and Downgrades

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

Genworth Financial Company 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.