Genworth Financial Sees Unusually High Options Volume (NYSE:GNW)

Genworth Financial, Inc. (NYSE:GNW) was the target of some unusual options trading on Tuesday. Stock investors acquired 8,266 call options on the company. This is an increase of 877% compared to the typical volume of 846 call options.

Institutional Investors Weigh In On Genworth Financial

A number of institutional investors have recently added to or reduced their stakes in GNW. 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 worth $202,371,000 after buying an additional 534,650 shares during the last quarter. 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 purchasing an additional 3,283,110 shares during the last quarter. LSV Asset Management increased its holdings in shares of Genworth Financial by 15.9% in the fourth quarter. LSV Asset Management now owns 5,821,232 shares of the financial services provider’s stock valued at $38,886,000 after purchasing an additional 797,278 shares during the period. Invesco Ltd. raised its stake in shares of Genworth Financial by 7.2% in the third quarter. Invesco Ltd. now owns 5,234,864 shares of the financial services provider’s stock worth $30,676,000 after purchasing an additional 350,729 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in Genworth Financial by 10.2% in the third quarter. American Century Companies Inc. now owns 5,209,312 shares of the financial services provider’s stock valued at $30,527,000 after buying an additional 481,059 shares during the last quarter. Institutional investors own 81.85% of the company’s stock.

Analyst Ratings Changes

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

Genworth Financial Price Performance

NYSE GNW opened at $6.62 on Wednesday. The company has a market cap of $2.91 billion, a PE ratio of 34.82 and a beta of 1.08. The firm’s 50 day moving average price is $6.21 and its 200-day moving average price is $6.19. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.30 and a current ratio of 0.29. Genworth Financial has a 52-week low of $4.83 and a 52-week high of $6.93.

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

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.