GAMMA Investing LLC Increases Stock Position in Genworth Financial, Inc. (NYSE:GNW)

GAMMA Investing LLC raised its stake in Genworth Financial, Inc. (NYSE:GNWFree Report) by 34.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,247 shares of the financial services provider’s stock after acquiring an additional 2,347 shares during the period. GAMMA Investing LLC’s holdings in Genworth Financial were worth $63,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in GNW. Headlands Technologies LLC acquired a new position in Genworth Financial during the first quarter worth approximately $25,000. SageView Advisory Group LLC acquired a new position in shares of Genworth Financial in the 1st quarter valued at $30,000. EverSource Wealth Advisors LLC raised its position in Genworth Financial by 72.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,828 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 2,022 shares during the last quarter. Empowered Funds LLC purchased a new position in Genworth Financial during the 1st quarter worth $67,000. Finally, Heritage Wealth Advisors purchased a new position in Genworth Financial during the 1st quarter worth $74,000. Hedge funds and other institutional investors own 81.85% of the company’s stock.

Genworth Financial Trading Down 0.2 %

Shares of GNW stock opened at $7.14 on Wednesday. The company has a market capitalization of $3.12 billion, a P/E ratio of 37.55 and a beta of 0.94. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average is $6.78 and its two-hundred day moving average is $6.44. Genworth Financial, Inc. has a twelve month low of $5.32 and a twelve month high of $7.24.

Genworth Financial (NYSE:GNWGet Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. The firm had revenue of $1.77 billion for the quarter. Genworth Financial had a net margin of 0.43% and a return on equity of 0.25%. During the same quarter last year, the business earned $0.29 earnings per share.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Genworth Financial from a “buy” rating to a “hold” rating in a research note on Friday, September 6th.

Get Our Latest Research Report on GNW

Insider Activity

In related news, CEO Thomas J. Mcinerney sold 150,000 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $6.88, for a total transaction of $1,032,000.00. Following the completion of the transaction, the chief executive officer now directly owns 4,532,954 shares of the company’s stock, valued at $31,186,723.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.80% of the company’s stock.

About Genworth Financial

(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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