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

Public Sector Pension Investment Board lifted its stake in Genworth Financial, Inc. (NYSE:GNW) by 13.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,600,906 shares of the financial services provider’s stock after purchasing an additional 187,954 shares during the period. Public Sector Pension Investment Board owned about 0.39% of Genworth Financial worth $14,248,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in GNW. Arizona State Retirement System boosted its position in Genworth Financial by 1.0% in the 3rd quarter. Arizona State Retirement System now owns 122,642 shares of the financial services provider’s stock valued at $1,092,000 after buying an additional 1,271 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Genworth Financial by 12.7% during the third quarter. Smartleaf Asset Management LLC now owns 11,638 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 1,316 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Genworth Financial by 9.1% in the third 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 period. Bessemer Group Inc. grew its stake in Genworth Financial by 60.6% in the third 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% in the second quarter. Ethic Inc. now owns 14,045 shares of the financial services provider’s stock worth $110,000 after purchasing an additional 1,847 shares in the last quarter. Hedge funds and other institutional investors own 81.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GNW. Weiss Ratings lowered Genworth Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 20th. Wall Street Zen upgraded Genworth Financial from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $10.00.

Genworth Financial Stock Down 1.1%

Shares of NYSE GNW opened at $8.91 on Friday. Genworth Financial, Inc. has a 12-month low of $5.99 and a 12-month high of $9.28. The stock’s fifty day simple moving average is $8.78 and its two-hundred day simple moving average is $8.64. The stock has a market capitalization of $3.56 billion, a PE 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.

About Genworth Financial

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.