Y Intercept Hong Kong Ltd Boosts Stock Holdings in Genworth Financial, Inc. (NYSE:GNW)

Y Intercept Hong Kong Ltd lifted its position in Genworth Financial, Inc. (NYSE:GNW) by 12.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,351 shares of the financial services provider’s stock after acquiring an additional 13,042 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Genworth Financial were worth $804,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Assenagon Asset Management S.A. increased its stake in Genworth Financial by 138.3% in 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 buying an additional 2,456,816 shares during the last quarter. D. E. Shaw & Co. Inc. grew its holdings 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 acquiring 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% in the second quarter. Cubist Systematic Strategies LLC now owns 1,780,098 shares of the financial services provider’s stock valued at $10,752,000 after acquiring an additional 1,729,167 shares in the last quarter. Repertoire Partners LP purchased a new stake in shares of Genworth Financial during the third quarter valued at approximately $6,850,000. Finally, Whitefort Capital Management LP lifted its holdings in Genworth Financial by 49.6% during 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 acquiring an additional 990,000 shares during the period. Hedge funds and other institutional investors own 81.85% of the company’s stock.

Genworth Financial Stock Performance

NYSE GNW opened at $7.54 on Friday. 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 company has a market capitalization of $3.22 billion, a PE ratio of 35.88 and a beta of 0.99. Genworth Financial, Inc. has a 52-week low of $5.67 and a 52-week high of $7.90. The company has a 50-day simple moving average of $7.23 and a 200 day simple moving average of $6.73.

Analyst Ratings Changes

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