Genworth Financial, Inc. $GNW Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its holdings in shares of Genworth Financial, Inc. (NYSE:GNW) by 117.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,976 shares of the financial services provider’s stock after acquiring an additional 25,341 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Genworth Financial were worth $375,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Xponance Inc. grew its stake in shares of Genworth Financial by 4.8% during the first quarter. Xponance Inc. now owns 32,525 shares of the financial services provider’s stock valued at $231,000 after acquiring an additional 1,493 shares in the last quarter. Byrne Asset Management LLC lifted its holdings in 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 worth $54,000 after acquiring an additional 3,115 shares during the last quarter. HighTower Advisors LLC lifted its holdings in Genworth Financial by 20.0% in the first quarter. HighTower Advisors LLC now owns 21,111 shares of the financial services provider’s stock worth $150,000 after acquiring an additional 3,521 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Genworth Financial by 2.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 252,152 shares of the financial services provider’s stock worth $1,788,000 after acquiring an additional 7,106 shares during the last quarter. Finally, Blueshift Asset Management LLC bought a new position in Genworth Financial in the first quarter worth about $71,000. 81.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Genworth Financial

In other Genworth Financial news, CEO Rohit Gupta sold 86,406 shares of Genworth Financial stock in a transaction that occurred 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 in the company, valued at approximately $6,897,388.40. The trade was a 9.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.80% of the company’s stock.

Genworth Financial Stock Performance

GNW opened at $8.77 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.29 and a quick ratio of 0.29. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of 19.48 and a beta of 0.99. Genworth Financial, Inc. has a 1-year low of $5.99 and a 1-year high of $9.15. The business has a 50 day moving average price of $8.57 and a two-hundred day moving average price of $7.63.

Genworth Financial (NYSE:GNW) last posted its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.11. The firm 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%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Genworth Financial in a report on Saturday, September 27th. Wall Street Zen raised Genworth Financial from a “sell” rating to a “hold” rating in a report on Friday, October 3rd. Finally, Keefe, Bruyette & Woods lifted their price target on Genworth Financial from $9.00 to $9.50 and gave the company an “outperform” rating in a report on Wednesday, July 9th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Genworth Financial has an average rating of “Moderate Buy” and a consensus price target of $9.50.

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.