State of Alaska Department of Revenue Purchases 10,289 Shares of Genworth Financial, Inc. $GNW

State of Alaska Department of Revenue grew its position in Genworth Financial, Inc. (NYSE:GNW) by 4.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 246,903 shares of the financial services provider’s stock after acquiring an additional 10,289 shares during the period. State of Alaska Department of Revenue owned 0.06% of Genworth Financial worth $1,920,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of GNW. Nuveen LLC acquired a new stake in shares of Genworth Financial in the first quarter valued at approximately $24,661,000. Donald Smith & CO. Inc. increased its holdings in shares of Genworth Financial by 4.5% in the first quarter. Donald Smith & CO. Inc. now owns 27,114,581 shares of the financial services provider’s stock valued at $192,242,000 after purchasing an additional 1,165,112 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Genworth Financial by 11.6% in the first quarter. American Century Companies Inc. now owns 8,056,534 shares of the financial services provider’s stock valued at $57,121,000 after purchasing an additional 836,192 shares in the last quarter. Trexquant Investment LP increased its holdings in shares of Genworth Financial by 162.4% in the first quarter. Trexquant Investment LP now owns 1,330,661 shares of the financial services provider’s stock valued at $9,434,000 after purchasing an additional 823,470 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Genworth Financial in the first quarter valued at approximately $5,141,000. Institutional investors own 81.85% of the company’s stock.

Insider Buying and Selling at Genworth Financial

In other 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 transaction, the chief executive officer directly owned 794,630 shares of the company’s stock, valued at $6,897,388.40. This trade represents a 9.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

Genworth Financial Price Performance

Genworth Financial stock opened at $8.91 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $3.65 billion, a P/E ratio of 19.79 and a beta of 0.99. The business has a 50-day moving average of $8.53 and a 200-day moving average of $7.59. Genworth Financial, Inc. has a 1 year low of $5.99 and a 1 year high of $9.15.

Genworth Financial (NYSE:GNW) last released its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.11. The business had revenue of $1.80 billion for the quarter. Genworth Financial had a net margin of 2.61% and a return on equity of 1.91%.

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.