Genworth Financial, Inc. $GNW Stock Holdings Reduced by Sei Investments Co.

Sei Investments Co. reduced its position in Genworth Financial, Inc. (NYSE:GNW) by 36.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 420,340 shares of the financial services provider’s stock after selling 243,581 shares during the period. Sei Investments Co.’s holdings in Genworth Financial were worth $3,413,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GNW. Fifth Third Bancorp increased its holdings in Genworth Financial by 21,643.4% in the first quarter. Fifth Third Bancorp now owns 562,936 shares of the financial services provider’s stock worth $4,571,000 after buying an additional 560,347 shares during the last quarter. UBS Group AG raised its position in Genworth Financial by 621.2% during the fourth quarter. UBS Group AG now owns 3,598,588 shares of the financial services provider’s stock valued at $32,495,000 after acquiring an additional 3,099,582 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in Genworth Financial in the fourth quarter valued at approximately $1,360,000. SG Americas Securities LLC lifted its stake in Genworth Financial by 173.7% in the first quarter. SG Americas Securities LLC now owns 1,188,288 shares of the financial services provider’s stock valued at $9,649,000 after acquiring an additional 754,105 shares during the last quarter. Finally, Comerica Bank grew its position in Genworth Financial by 72.4% in the fourth quarter. Comerica Bank now owns 589,535 shares of the financial services provider’s stock worth $5,324,000 after acquiring an additional 247,601 shares in the last quarter. 81.85% of the stock is owned by hedge funds and other institutional investors.

Genworth Financial Trading Down 0.2%

Shares of GNW stock opened at $9.67 on Friday. Genworth Financial, Inc. has a 12 month low of $7.84 and a 12 month high of $10.20. The company has a market cap of $3.70 billion, a PE ratio of 18.60 and a beta of 0.87. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average is $9.37 and its two-hundred day moving average is $8.89.

Genworth Financial (NYSE:GNW) last issued its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Genworth Financial had a net margin of 2.87% and a return on equity of 1.06%. Equities analysts predict that Genworth Financial, Inc. will post 1.1 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Keefe, Bruyette & Woods increased their price target on shares of Genworth Financial from $11.00 to $12.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Wall Street Zen raised shares of Genworth Financial from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. Weiss Ratings upgraded shares of Genworth Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Finally, Zacks Research raised shares of Genworth Financial to a “hold” rating in a research report on Wednesday, May 27th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $12.00.

Insider Buying and Selling at Genworth Financial

In other Genworth Financial news, Director Robert P. Restrepo, Jr. sold 50,000 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $9.12, for a total transaction of $456,000.00. Following the completion of the sale, the director directly owned 92,655 shares in the company, valued at $845,013.60. This represents a 35.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas J. Mcinerney sold 100,000 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $9.27, for a total value of $927,000.00. Following the completion of the sale, the chief executive officer directly owned 5,368,883 shares in the company, valued at approximately $49,769,545.41. This represents a 1.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.80% of the company’s stock.

Genworth Financial Company Profile

Genworth Financial (NYSE: GNW) is a leading financial security company offering a broad range of insurance products. Based in Richmond, Virginia, Genworth provides individuals and families with solutions designed to protect against long-term care expenses, secure life insurance needs and support homeownership through private mortgage insurance. With operations spanning the United States, Canada and Australia, the company serves both retail and institutional clients through a diversified portfolio of risk management services.

The company’s Private Mortgage Insurance (PMI) segment offers coverage to lenders and consumers in the US, Canada and Australia, enabling homebuyers to purchase properties with lower down payments.