Point72 Asia Singapore Pte. Ltd. Cuts Position in Genworth Financial, Inc. (NYSE:GNW)

Point72 Asia Singapore Pte. Ltd. cut its position in shares of Genworth Financial, Inc. (NYSE:GNW) by 53.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 46,947 shares of the financial services provider’s stock after selling 54,901 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Genworth Financial were worth $322,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its holdings in Genworth Financial by 138.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 4,233,541 shares of the financial services provider’s stock valued at $25,571,000 after acquiring an additional 2,456,816 shares in the last quarter. D. E. Shaw & Co. Inc. grew its position in shares of Genworth Financial by 93.5% in the second 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 during the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of Genworth Financial by 3,395.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,780,098 shares of the financial services provider’s stock worth $10,752,000 after purchasing an additional 1,729,167 shares in the last quarter. Millennium Management LLC raised its position in shares of Genworth Financial by 51.5% during the 2nd quarter. Millennium Management LLC now owns 2,778,921 shares of the financial services provider’s stock worth $16,785,000 after purchasing an additional 944,677 shares during the last quarter. Finally, Donald Smith & CO. Inc. lifted its stake in Genworth Financial by 3.7% in the 3rd 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. Institutional investors and hedge funds own 81.85% of the company’s stock.

Genworth Financial Stock Performance

Shares of GNW opened at $7.64 on Wednesday. Genworth Financial, Inc. has a 1 year low of $5.67 and a 1 year high of $7.90. The company’s 50 day simple moving average is $7.13 and its 200 day simple moving average is $6.69. The company has a market capitalization of $3.26 billion, a price-to-earnings ratio of 36.38 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.

Analyst Upgrades and Downgrades

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