BlackRock Amends Genworth Financial Stake (SC 13G/A)
Ticker: GNW · Form: SC 13G/A · Filed: 2024-01-22T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
Related Tickers: GNW
TL;DR
**BlackRock updated its Genworth Financial holdings, signaling continued passive investment.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 22, 2024, indicating its ownership of Class A Common Stock in Genworth Financial Inc. as of December 31, 2023. This filing is an amendment (Amendment No: 2) to a previous disclosure, signaling a potential change in their passive investment stake. For investors, this matters because BlackRock is a major institutional investor, and changes in their holdings can sometimes signal shifts in their outlook on the company, though this filing doesn't specify the exact change in share count or percentage.
Why It Matters
This filing shows BlackRock, a significant institutional investor, continues to hold a position in Genworth Financial, which can be seen as a vote of confidence, or at least continued interest, in the company's prospects.
Risk Assessment
Risk Level: low — This is a routine amendment by a passive institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued presence as a shareholder, but this filing alone doesn't provide enough detail to warrant a change in investment strategy without further analysis of BlackRock's specific percentage ownership changes, which are not detailed in this excerpt.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- GENWORTH FINANCIAL INC (company) — the issuer whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- BlackRock will maintain a passive investment strategy in Genworth Financial Inc. for the foreseeable future. (BlackRock, Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this and what does 'Amendment No: 2' signify?
This is an SC 13G/A filing, which is an amendment to a Schedule 13G. 'Amendment No: 2' indicates that this is the second amendment to BlackRock's initial Schedule 13G filing regarding its ownership in Genworth Financial Inc.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., identified by CIK 0001364742, located at 50 Hudson Yards, New York, NY.
What is the subject company and the class of securities being reported?
The subject company is GENWORTH FINANCIAL INC (CIK 0001276520), and the class of securities being reported is Class A Common Stock, with CUSIP Number 37247D106.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, which is typically the end of the reporting period for institutional investors.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box on the cover page.
From the Filing
EDGAR Filing Documents for 0001086364-24-001150 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-001150 Filing Date 2024-01-22 Accepted 2024-01-22 15:52:16 Documents 1 Document Format Files Seq Description Document Type Size 1 us37247d1063_012224.txt SC 13G/A 11680 Complete submission text file 0001086364-24-001150.txt 13448 Mailing Address 6620 WEST BROAD STREET RICHMOND VA 23230 Business Address 6620 WEST BROAD STREET RICHMOND VA 23230 804-281-6000 GENWORTH FINANCIAL INC (Subject) CIK : 0001276520 (see all company filings) EIN. : 800873306 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-79892 | Film No.: 24548802 SIC : 6311 Life Insurance (CF Office: 02 Finance) Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance)