Genworth Financial, Inc. (NYSE:GNW) Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC increased its stake in shares of Genworth Financial, Inc. (NYSE:GNW) by 1.3% in the 1st quarter, Holdings Channel reports. The firm owned 306,136 shares of the financial services provider’s stock after purchasing an additional 3,900 shares during the period. Commonwealth Equity Services LLC’s holdings in Genworth Financial were worth $1,968,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Norges Bank purchased a new stake in Genworth Financial during the 4th quarter valued at about $23,292,000. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in Genworth Financial during the 4th quarter valued at about $22,482,000. Donald Smith & CO. Inc. grew its stake in Genworth Financial by 18.3% during the 4th quarter. Donald Smith & CO. Inc. now owns 21,175,252 shares of the financial services provider’s stock valued at $141,451,000 after acquiring an additional 3,283,110 shares in the last quarter. LSV Asset Management grew its stake in Genworth Financial by 15.9% during the 4th quarter. LSV Asset Management now owns 5,821,232 shares of the financial services provider’s stock valued at $38,886,000 after acquiring an additional 797,278 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Genworth Financial by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 30,294,780 shares of the financial services provider’s stock valued at $202,371,000 after acquiring an additional 534,650 shares in the last quarter. Institutional investors and hedge funds own 81.85% of the company’s stock.

Genworth Financial Trading Down 0.5 %

Shares of Genworth Financial stock traded down $0.03 during mid-day trading on Friday, hitting $6.00. The stock had a trading volume of 788,051 shares, compared to its average volume of 2,782,992. The firm has a 50-day moving average of $6.26 and a two-hundred day moving average of $6.27. Genworth Financial, Inc. has a 12-month low of $5.20 and a 12-month high of $6.93. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.18. The firm has a market cap of $2.63 billion, a P/E ratio of 31.74 and a beta of 0.92.

Genworth Financial (NYSE:GNW) last posted its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $0.19 earnings per share for the quarter. Genworth Financial had a net margin of 1.24% and a negative return on equity of 0.21%. The business had revenue of $1.86 billion during the quarter.

Insider Activity

In other news, CEO Thomas J. Mcinerney sold 200,000 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $6.27, for a total value of $1,254,000.00. Following the transaction, the chief executive officer now directly owns 4,361,980 shares in the company, valued at approximately $27,349,614.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods increased their price target on shares of Genworth Financial from $6.50 to $7.00 and gave the company a “market perform” rating in a research note on Wednesday, April 10th.

Genworth Financial 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.