Genworth Financial, Inc. (NYSE:GNW) Shares Bought by Aigen Investment Management LP

Aigen Investment Management LP lifted its position in shares of Genworth Financial, Inc. (NYSE:GNW) by 59.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 66,827 shares of the financial services provider’s stock after acquiring an additional 25,028 shares during the period. Aigen Investment Management LP’s holdings in Genworth Financial were worth $458,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in GNW. Donald Smith & CO. Inc. boosted its stake in shares of Genworth Financial by 14.5% during the first quarter. Donald Smith & CO. Inc. now owns 24,244,607 shares of the financial services provider’s stock valued at $155,893,000 after acquiring an additional 3,069,355 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of 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 worth $25,571,000 after purchasing 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% 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 raised its position 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 buying an additional 1,729,167 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in shares of Genworth Financial by 51.5% during the second quarter. Millennium Management LLC now owns 2,778,921 shares of the financial services provider’s stock valued at $16,785,000 after buying an additional 944,677 shares during the period. 81.85% of the stock is currently owned by hedge funds and other institutional investors.

Genworth Financial Stock Down 0.8 %

Shares of NYSE GNW opened at $7.28 on Friday. The stock has a market capitalization of $3.11 billion, a PE ratio of 34.64 and a beta of 0.95. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.17. The firm has a fifty day moving average of $6.88 and a 200-day moving average of $6.57. Genworth Financial, Inc. has a 52-week low of $5.67 and a 52-week high of $7.48.

Insiders Place Their Bets

In other Genworth Financial news, CEO Thomas J. Mcinerney sold 150,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $6.88, for a total transaction of $1,032,000.00. Following the completion of the sale, the chief executive officer now directly owns 4,532,954 shares in the company, valued at $31,186,723.52. The trade was a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

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.