Tower Research Capital LLC TRC Boosts Stake in Genworth Financial, Inc. (NYSE:GNW)

Tower Research Capital LLC TRC raised its position in Genworth Financial, Inc. (NYSE:GNW – Get Rating) by 155.6% during the third quarter, HoldingsChannel.com reports. The firm owned 57,950 shares of the financial services provider’s stock after purchasing an additional 35,277 shares during the period. Tower Research Capital LLC TRC’s holdings in Genworth Financial were worth $203,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brave Asset Management Inc. purchased a new position in shares of Genworth Financial during the third quarter worth approximately $35,000. Prelude Capital Management LLC purchased a new position in shares of Genworth Financial during the second quarter worth approximately $35,000. Exchange Traded Concepts LLC increased its position in shares of Genworth Financial by 214.9% during the third quarter. Exchange Traded Concepts LLC now owns 10,682 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 7,290 shares during the period. Coldstream Capital Management Inc. purchased a new position in shares of Genworth Financial during the second quarter worth approximately $38,000. Finally, Eqis Capital Management Inc. purchased a new position in shares of Genworth Financial during the second quarter worth approximately $38,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Daniel J. Iv Sheehan sold 250,000 shares of the stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $6.06, for a total transaction of $1,515,000.00. Following the transaction, the chief financial officer now directly owns 1,132,023 shares in the company, valued at $6,860,059.38. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.99% of the company’s stock.

Genworth Financial Stock Performance

Shares of NYSE:GNW opened at $6.15 on Tuesday. The firm has a market cap of $3.03 billion, a PE ratio of 5.17 and a beta of 1.06. The firm’s 50 day simple moving average is $5.66 and its 200-day simple moving average is $4.88. Genworth Financial, Inc. has a one year low of $3.43 and a one year high of $6.40. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.28 and a current ratio of 0.28.

Genworth Financial (NYSE:GNW – Get Rating) last released its quarterly earnings data on Monday, February 6th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.14. Genworth Financial had a net margin of 8.11% and a return on equity of 5.22%. The firm had revenue of $1.90 billion for the quarter. During the same quarter in the prior year, the business posted $0.32 earnings per share.

Genworth Financial Company Profile

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Genworth Financial, Inc is a financial services company, which engages in the provision of insurance, wealth management, investment and financial solutions. It operates through the following segments: U.S. Mortgage Insurance, Australia Mortgage Insurance, U.S. Life Insurance, and Runoff. The U.S. Mortgage Insurance segment offers mortgage insurance products predominantly insuring prime-based, individually underwritten residential mortgage loans.