First Trust Direct Indexing L.P. Has $126,000 Stock Holdings in Genworth Financial, Inc. (NYSE:GNW)

First Trust Direct Indexing L.P. grew its position in shares of Genworth Financial, Inc. (NYSE:GNWFree Report) by 9.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,670 shares of the financial services provider’s stock after purchasing an additional 1,780 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Genworth Financial were worth $126,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in GNW. Seven Eight Capital LP acquired a new stake in shares of Genworth Financial during the third quarter valued at about $94,000. American Century Companies Inc. lifted its stake in shares of 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 worth $30,527,000 after acquiring an additional 481,059 shares during the period. Diversified Trust Co acquired a new position in shares of Genworth Financial in the fourth quarter worth approximately $260,000. CoreCap Advisors LLC acquired a new position in shares of Genworth Financial in the fourth quarter worth approximately $278,000. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Genworth Financial by 21.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,806,350 shares of the financial services provider’s stock worth $12,066,000 after acquiring an additional 316,780 shares during the period. 81.85% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods lifted their target price on Genworth Financial from $6.50 to $7.00 and gave the stock a “market perform” rating in a report on Wednesday, April 10th.

View Our Latest Stock Analysis on Genworth Financial

Insider Activity

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

Genworth Financial Trading Down 0.4 %

Shares of GNW stock opened at $5.96 on Wednesday. The company has a market cap of $2.61 billion, a P/E ratio of 31.34 and a beta of 0.92. The stock has a 50 day simple moving average of $6.26 and a two-hundred day simple moving average of $6.26. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.29 and a current ratio of 0.29. Genworth Financial, Inc. has a fifty-two week low of $5.32 and a fifty-two week high of $6.93.

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

Genworth Financial Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Genworth Financial (NYSE:GNW)

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