Public Sector Pension Investment Board Purchases 187,954 Shares of Genworth Financial, Inc. $GNW

Public Sector Pension Investment Board increased its position in shares of Genworth Financial, Inc. (NYSE:GNW) by 13.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,600,906 shares of the financial services provider’s stock after acquiring an additional 187,954 shares during the period. Public Sector Pension Investment Board’s holdings in Genworth Financial were worth $14,248,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GNW. Arizona State Retirement System boosted its stake in Genworth Financial by 1.0% in the third quarter. Arizona State Retirement System now owns 122,642 shares of the financial services provider’s stock valued at $1,092,000 after acquiring an additional 1,271 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Genworth Financial by 12.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 11,638 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 1,316 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Genworth Financial by 9.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 16,848 shares of the financial services provider’s stock valued at $150,000 after purchasing an additional 1,408 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Genworth Financial by 60.6% in the 3rd quarter. Bessemer Group Inc. now owns 3,830 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 1,445 shares in the last quarter. Finally, Ethic Inc. grew its stake in Genworth Financial by 15.1% during the 2nd quarter. Ethic Inc. now owns 14,045 shares of the financial services provider’s stock worth $110,000 after buying an additional 1,847 shares during the last quarter. Hedge funds and other institutional investors own 81.85% of the company’s stock.

Genworth Financial Stock Performance

Shares of NYSE GNW opened at $8.91 on Friday. The company has a 50 day simple moving average of $8.78 and a two-hundred day simple moving average of $8.64. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 16.80 and a beta of 1.01. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.15. Genworth Financial, Inc. has a 12 month low of $5.99 and a 12 month high of $9.28.

Analysts Set New Price Targets

GNW has been the subject of a number of research analyst reports. Weiss Ratings cut Genworth Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, January 20th. Wall Street Zen upgraded shares of Genworth Financial from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Genworth Financial has a consensus rating of “Moderate Buy” and a consensus target price of $10.00.

Genworth Financial Company Profile

Genworth Financial (NYSE: GNW) is a leading financial security company offering a broad range of insurance products. Based in Richmond, Virginia, Genworth provides individuals and families with solutions designed to protect against long-term care expenses, secure life insurance needs and support homeownership through private mortgage insurance. With operations spanning the United States, Canada and Australia, the company serves both retail and institutional clients through a diversified portfolio of risk management services.

The company’s Private Mortgage Insurance (PMI) segment offers coverage to lenders and consumers in the US, Canada and Australia, enabling homebuyers to purchase properties with lower down payments.