Hancock Whitney Corp Boosts Stake in Genworth Financial, Inc. (NYSE:GNW)

Hancock Whitney Corp grew its stake in Genworth Financial, Inc. (NYSE:GNW) by 1.0% during the third quarter, HoldingsChannel reports. The fund owned 135,327 shares of the financial services provider’s stock after acquiring an additional 1,387 shares during the quarter. Hancock Whitney Corp’s holdings in Genworth Financial were worth $927,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Donald Smith & CO. Inc. grew its stake in Genworth Financial by 3.7% in the third quarter. Donald Smith & CO. Inc. now owns 25,015,294 shares of the financial services provider’s stock valued at $171,355,000 after purchasing an additional 901,485 shares during the last quarter. River Road Asset Management LLC boosted its stake in Genworth Financial by 0.8% in the third quarter. River Road Asset Management LLC now owns 17,391,968 shares of the financial services provider’s stock valued at $119,135,000 after acquiring an additional 131,634 shares in the last quarter. American Century Companies Inc. increased its position in shares of Genworth Financial by 9.1% during the second quarter. American Century Companies Inc. now owns 7,054,069 shares of the financial services provider’s stock worth $42,607,000 after purchasing an additional 590,496 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Genworth Financial by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,095,892 shares of the financial services provider’s stock worth $34,907,000 after buying an additional 92,849 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in Genworth Financial by 8.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,605,054 shares of the financial services provider’s stock valued at $31,545,000 after buying an additional 371,513 shares in the last quarter. 81.85% of the stock is owned by institutional investors.

Genworth Financial Stock Performance

Shares of GNW opened at $7.82 on Wednesday. Genworth Financial, Inc. has a one year low of $5.67 and a one year high of $7.87. 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 cap of $3.34 billion, a P/E ratio of 37.21 and a beta of 0.95. The stock has a 50-day moving average of $7.04 and a two-hundred day moving average of $6.64.

Analysts Set New Price Targets

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.