Genworth Financial, Inc. (NYSE:GNW – Get Rating) CEO Thomas J. Mcinerney sold 125,000 shares of the firm’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $5.52, for a total value of $690,000.00. Following the sale, the chief executive officer now directly owns 4,649,974 shares of the company’s stock, valued at $25,667,856.48. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Genworth Financial Stock Up 0.2 %
GNW opened at $5.50 on Wednesday. Genworth Financial, Inc. has a fifty-two week low of $3.43 and a fifty-two week high of $6.40. The business has a 50-day moving average of $5.40 and a 200-day moving average of $5.38. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.29 and a quick ratio of 0.29. The company has a market capitalization of $2.63 billion, a PE ratio of 5.39 and a beta of 1.03.
Genworth Financial (NYSE:GNW – Get Rating) last posted its quarterly earnings results on Wednesday, May 3rd. The financial services provider reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The firm had revenue of $1.85 billion for the quarter. Genworth Financial had a return on equity of 5.64% and a net margin of 6.99%. During the same period in the previous year, the business earned $0.29 earnings per share.
Wall Street Analyst Weigh In
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Formidable Asset Management LLC increased its holdings in shares of Genworth Financial by 1.6% during the 3rd quarter. Formidable Asset Management LLC now owns 428,975 shares of the financial services provider’s stock valued at $1,545,000 after acquiring an additional 6,881 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Genworth Financial by 18.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 23,918,269 shares of the financial services provider’s stock valued at $126,527,000 after acquiring an additional 3,763,764 shares during the last quarter. Swiss National Bank increased its holdings in shares of Genworth Financial by 0.5% during the 4th quarter. Swiss National Bank now owns 1,216,286 shares of the financial services provider’s stock valued at $6,434,000 after acquiring an additional 5,700 shares during the last quarter. Donald Smith & CO. Inc. increased its holdings in shares of Genworth Financial by 6.5% during the 3rd quarter. Donald Smith & CO. Inc. now owns 18,416,792 shares of the financial services provider’s stock valued at $64,459,000 after acquiring an additional 1,129,777 shares during the last quarter. Finally, Duality Advisers LP acquired a new position in shares of Genworth Financial during the 3rd quarter valued at about $72,000. Institutional investors and hedge funds own 75.91% of the company’s stock.
Genworth Financial Company Profile
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.
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