SG Americas Securities LLC Grows Holdings in Genworth Financial, Inc. $GNW

SG Americas Securities LLC grew its position in Genworth Financial, Inc. (NYSE:GNW) by 334.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 434,183 shares of the financial services provider’s stock after acquiring an additional 334,280 shares during the period. SG Americas Securities LLC’s holdings in Genworth Financial were worth $3,921,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Salomon & Ludwin LLC increased its stake in shares of Genworth Financial by 1,731.8% in the 3rd quarter. Salomon & Ludwin LLC now owns 3,279 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 3,100 shares in the last quarter. Bessemer Group Inc. boosted its position in Genworth Financial by 60.6% during the third quarter. Bessemer Group Inc. now owns 3,830 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 1,445 shares in the last quarter. Larson Financial Group LLC boosted its position in Genworth Financial by 12,597.7% during the third quarter. Larson Financial Group LLC now owns 5,587 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 5,543 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Genworth Financial in the second quarter valued at approximately $44,000. Finally, Danske Bank A S acquired a new stake in Genworth Financial in the third quarter valued at approximately $60,000. 81.85% of the stock is owned by hedge funds and other institutional investors.

Genworth Financial Price Performance

Shares of Genworth Financial stock opened at $8.40 on Friday. The business has a 50 day simple moving average of $8.44 and a two-hundred day simple moving average of $8.63. Genworth Financial, Inc. has a 12 month low of $5.99 and a 12 month high of $9.28. The stock has a market capitalization of $3.25 billion, a P/E ratio of 15.84 and a beta of 1.00. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.29 and a quick ratio of 0.29.

Genworth Financial (NYSE:GNW) last issued its quarterly earnings results on Monday, February 23rd. The financial services provider reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.14). The firm had revenue of $1.04 billion during the quarter. Genworth Financial had a return on equity of 1.48% and a net margin of 3.05%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on GNW shares. Wall Street Zen downgraded Genworth Financial from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Weiss Ratings cut shares of Genworth Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 5th. Finally, Keefe, Bruyette & Woods reaffirmed a “moderate buy” rating and set a $10.50 price objective on shares of Genworth Financial in a report on Thursday, March 26th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Genworth Financial has an average rating of “Moderate Buy” and an average price target of $10.50.

Genworth Financial 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.