Genworth Financial, Inc. (NYSE:GNW) Shares Acquired by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. grew its position in Genworth Financial, Inc. (NYSE:GNW) by 19.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,171,821 shares of the financial services provider’s stock after acquiring an additional 348,627 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.51% of Genworth Financial worth $14,877,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of GNW. Atlas Wealth LLC acquired a new position in shares of Genworth Financial during the 3rd quarter worth about $91,000. Paloma Partners Management Co raised its position in shares of Genworth Financial by 63.7% during the 3rd quarter. Paloma Partners Management Co now owns 63,853 shares of the financial services provider’s stock worth $437,000 after purchasing an additional 24,842 shares during the last quarter. Verition Fund Management LLC raised its position in shares of Genworth Financial by 900.7% during the 3rd quarter. Verition Fund Management LLC now owns 970,185 shares of the financial services provider’s stock worth $6,646,000 after purchasing an additional 873,237 shares during the last quarter. Martingale Asset Management L P raised its position in shares of Genworth Financial by 5.1% during the 3rd quarter. Martingale Asset Management L P now owns 136,827 shares of the financial services provider’s stock worth $937,000 after purchasing an additional 6,604 shares during the last quarter. Finally, Vinva Investment Management Ltd acquired a new position in shares of Genworth Financial during the 3rd quarter worth about $440,000. Institutional investors and hedge funds own 81.85% of the company’s stock.

Genworth Financial Stock Performance

NYSE:GNW opened at $7.61 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a market capitalization of $3.25 billion, a P/E ratio of 36.21 and a beta of 0.99. The company has a 50 day moving average price of $7.15 and a 200 day moving average price of $6.69. Genworth Financial, Inc. has a fifty-two week low of $5.67 and a fifty-two week high of $7.90.

Analyst Ratings Changes

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