Vanguard Personalized Indexing Management LLC Raises Position in Genworth Financial, Inc. $GNW

Vanguard Personalized Indexing Management LLC boosted its position in shares of Genworth Financial, Inc. (NYSE:GNW) by 24.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,929 shares of the financial services provider’s stock after buying an additional 9,279 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Genworth Financial were worth $365,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Blueshift Asset Management LLC purchased a new position in shares of Genworth Financial in the first quarter valued at approximately $71,000. Abel Hall LLC acquired a new position in Genworth Financial in the 1st quarter valued at $71,000. Strs Ohio purchased a new position in Genworth Financial in the 1st quarter valued at $82,000. GAMMA Investing LLC boosted its stake in Genworth Financial by 29.5% during the 2nd quarter. GAMMA Investing LLC now owns 11,770 shares of the financial services provider’s stock worth $92,000 after purchasing an additional 2,679 shares during the last quarter. Finally, Perbak Capital Partners LLP acquired a new stake in Genworth Financial during the 1st quarter worth $95,000. Institutional investors and hedge funds own 81.85% of the company’s stock.

Genworth Financial Price Performance

Shares of GNW stock opened at $8.52 on Friday. 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 $3.49 billion, a PE ratio of 18.92 and a beta of 0.99. The firm’s 50-day moving average is $8.69 and its two-hundred day moving average is $7.76. Genworth Financial, Inc. has a 12 month low of $5.99 and a 12 month high of $9.15.

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Wall Street Zen cut shares of Genworth Financial from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Genworth Financial in a report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods boosted their target price on Genworth Financial from $9.50 to $10.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $10.00.

Insiders Place Their Bets

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

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.