Atlas Wealth LLC Invests $91,000 in Genworth Financial, Inc. (NYSE:GNW)

Atlas Wealth LLC bought a new stake in Genworth Financial, Inc. (NYSE:GNW) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,312 shares of the financial services provider’s stock, valued at approximately $91,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. lifted its stake in Genworth Financial by 138.3% during the second 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 period. D. E. Shaw & Co. Inc. increased its position in shares of Genworth Financial by 93.5% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 4,052,621 shares of the financial services provider’s stock worth $24,478,000 after purchasing an additional 1,958,632 shares in the last quarter. Cubist Systematic Strategies LLC lifted its holdings in 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 valued at $10,752,000 after purchasing an additional 1,729,167 shares during the last quarter. Millennium Management LLC boosted its position in Genworth Financial by 51.5% in 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 in the last quarter. Finally, Donald Smith & CO. Inc. raised its stake in shares of 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 acquiring an additional 901,485 shares during the last quarter. 81.85% of the stock is owned by institutional investors.

Genworth Financial Stock Up 0.1 %

NYSE:GNW opened at $7.80 on Monday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.17. Genworth Financial, Inc. has a 12-month low of $5.67 and a 12-month high of $7.90. The stock’s fifty day simple moving average is $7.10 and its 200-day simple moving average is $6.67. The firm has a market capitalization of $3.33 billion, a P/E ratio of 37.14 and a beta of 0.95.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Genworth Financial from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th.

About Genworth Financial

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.