AQR Capital Management LLC Purchases 214,402 Shares of Genworth Financial, Inc. $GNW

AQR Capital Management LLC grew its position in Genworth Financial, Inc. (NYSE:GNW) by 31.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 898,358 shares of the financial services provider’s stock after acquiring an additional 214,402 shares during the period. AQR Capital Management LLC owned 0.22% of Genworth Financial worth $6,320,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of GNW. Byrne Asset Management LLC raised its stake in shares of Genworth Financial by 69.5% in the first quarter. Byrne Asset Management LLC now owns 7,595 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 3,115 shares during the last quarter. Abel Hall LLC bought a new position in shares of Genworth Financial in the first quarter valued at approximately $71,000. Blueshift Asset Management LLC bought a new position in shares of Genworth Financial in the first quarter valued at approximately $71,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Genworth Financial in the fourth quarter valued at approximately $86,000. Finally, GTS Securities LLC bought a new position in Genworth Financial in the 4th quarter worth approximately $93,000. Institutional investors own 81.85% of the company’s stock.

Genworth Financial Price Performance

GNW opened at $8.80 on Friday. The company has a fifty day moving average price of $8.13 and a two-hundred day moving average price of $7.37. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.29 and a current ratio of 0.29. Genworth Financial, Inc. has a 52 week low of $5.99 and a 52 week high of $8.85. The firm has a market capitalization of $3.61 billion, a PE ratio of 19.56 and a beta of 0.94.

Genworth Financial (NYSE:GNW) last released its earnings results on Wednesday, July 30th. The financial services provider reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.11. Genworth Financial had a net margin of 2.61% and a return on equity of 1.91%. The firm had revenue of $1.80 billion during the quarter.

Insider Buying and Selling

In other Genworth Financial news, CEO Rohit Gupta sold 86,406 shares of Genworth Financial stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $8.68, for a total transaction of $750,004.08. Following the completion of the sale, the chief executive officer owned 794,630 shares of the company’s stock, valued at approximately $6,897,388.40. The trade was a 9.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

GNW has been the subject of several research analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of Genworth Financial from $9.00 to $9.50 and gave the stock an “outperform” rating in a research report on Wednesday, July 9th. Wall Street Zen cut shares of Genworth Financial from a “hold” rating to a “sell” rating in a research report on Sunday, September 7th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $9.50.

Genworth Financial Company 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.