Genworth Financial, Inc. (NYSE:GNW) Position Trimmed by WINTON GROUP Ltd

WINTON GROUP Ltd trimmed its stake in Genworth Financial, Inc. (NYSE:GNW) by 1.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 210,462 shares of the financial services provider’s stock after selling 3,776 shares during the quarter. WINTON GROUP Ltd’s holdings in Genworth Financial were worth $1,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in GNW. Envestnet Asset Management Inc. lifted its position in Genworth Financial by 60.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 62,634 shares of the financial services provider’s stock worth $237,000 after buying an additional 23,663 shares in the last quarter. Private Advisor Group LLC purchased a new stake in shares of Genworth Financial during the first quarter worth $40,000. Citigroup Inc. boosted its position in Genworth Financial by 5.3% during the first quarter. Citigroup Inc. now owns 589,415 shares of the financial services provider’s stock valued at $2,228,000 after purchasing an additional 29,834 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Genworth Financial by 58.2% in the first quarter. PNC Financial Services Group Inc. now owns 78,974 shares of the financial services provider’s stock valued at $299,000 after purchasing an additional 29,046 shares in the last quarter. Finally, Natixis Advisors L.P. purchased a new position in Genworth Financial in the first quarter valued at about $265,000. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Thomas J. Mcinerney sold 200,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $6.01, for a total value of $1,202,000.00. Following the transaction, the chief executive officer now directly owns 3,470,010 shares of the company’s stock, valued at approximately $20,854,760.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.99% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Genworth Financial in a report on Thursday, August 17th. They set a “hold” rating for the company.

Genworth Financial Price Performance

NYSE GNW opened at $5.84 on Tuesday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $2.70 billion, a PE ratio of 6.08 and a beta of 1.00. Genworth Financial, Inc. has a 12-month low of $3.44 and a 12-month high of $6.40. The company has a 50 day moving average price of $5.69 and a two-hundred day moving average price of $5.58.

Genworth Financial (NYSE:GNW) last released its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.01. The business had revenue of $1.89 billion during the quarter. Genworth Financial had a net margin of 6.39% and a return on equity of 5.31%. During the same period in the previous year, the firm posted $0.35 EPS.

Genworth Financial Profile

Genworth Financial, Inc provides insurance products in the United States and internationally. It operates in three segments: Enact, U.S. Life Insurance, and Runoff. The Enact segment offers mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans; and pool mortgage insurance products.