Thomas J. Mcinerney Sells 125,000 Shares of Genworth Financial, Inc. (NYSE:GNW) Stock

Genworth Financial, Inc. (NYSE:GNW – Get Rating) CEO Thomas J. Mcinerney sold 125,000 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $5.52, for a total value of $690,000.00. Following the transaction, the chief executive officer now directly owns 4,649,974 shares in the company, valued at approximately $25,667,856.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Genworth Financial Stock Down 0.4 %

Shares of NYSE GNW opened at $5.48 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 5.37 and a beta of 1.03. The stock has a 50 day moving average price of $5.41 and a 200 day moving average price of $5.39. Genworth Financial, Inc. has a 52-week low of $3.43 and a 52-week high of $6.40.

Genworth Financial (NYSE:GNW – Get Rating) last announced its quarterly earnings results on Wednesday, May 3rd. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The firm had revenue of $1.85 billion during the quarter. Genworth Financial had a net margin of 6.99% and a return on equity of 5.64%. During the same period last year, the firm earned $0.29 EPS.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Genworth Financial in a research note on Thursday, May 18th. They set a “hold” rating on the stock.

Institutional Trading of Genworth Financial

A number of hedge funds have recently bought and sold shares of GNW. James Investment Research Inc. purchased a new stake in Genworth Financial during the first quarter worth $26,000. Ronald Blue Trust Inc. lifted its holdings in Genworth Financial by 271.3% during the first quarter. Ronald Blue Trust Inc. now owns 5,569 shares of the financial services provider’s stock worth $30,000 after buying an additional 4,069 shares during the period. Strs Ohio purchased a new stake in Genworth Financial during the fourth quarter worth $31,000. Prelude Capital Management LLC acquired a new position in shares of Genworth Financial during the second quarter worth $35,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Genworth Financial during the first quarter worth $36,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

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.