Genworth Financial, Inc. $GNW Shares Purchased by Caxton Associates LLP

Caxton Associates LLP lifted its stake in Genworth Financial, Inc. (NYSE:GNW) by 56.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 255,430 shares of the financial services provider’s stock after purchasing an additional 91,670 shares during the quarter. Caxton Associates LLP’s holdings in Genworth Financial were worth $2,074,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in Genworth Financial during the 4th quarter worth approximately $45,912,000. Gendell Jeffrey L raised its holdings in shares of Genworth Financial by 168.0% in the fourth quarter. Gendell Jeffrey L now owns 6,485,888 shares of the financial services provider’s stock worth $58,568,000 after buying an additional 4,065,684 shares during the last quarter. UBS Group AG lifted its stake in shares of 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 worth $32,495,000 after buying an additional 3,099,582 shares during the period. Invesco Ltd. lifted its stake in shares of Genworth Financial by 41.0% during the second quarter. Invesco Ltd. now owns 4,291,220 shares of the financial services provider’s stock worth $33,386,000 after buying an additional 1,248,374 shares during the period. Finally, SG Americas Securities LLC grew its holdings in shares of Genworth Financial by 173.7% during 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 buying an additional 754,105 shares during the last quarter. 81.85% of the stock is currently owned by institutional investors and hedge funds.

Genworth Financial Stock Down 0.2%

GNW stock opened at $9.89 on Friday. The firm’s fifty day simple moving average is $9.23 and its 200-day simple moving average is $8.81. The company has a market capitalization of $3.79 billion, a P/E ratio of 19.03 and a beta of 0.85. 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, Inc. has a 12 month low of $7.38 and a 12 month high of $10.20.

Genworth Financial (NYSE:GNW) last issued its earnings results on Tuesday, May 5th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.10. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Genworth Financial had a net margin of 2.96% and a return on equity of 1.73%. As a group, equities research analysts forecast that Genworth Financial, Inc. will post 1.1 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on GNW shares. Keefe, Bruyette & Woods upped their target price on Genworth Financial from $11.00 to $12.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Wall Street Zen upgraded Genworth Financial from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. Zacks Research raised Genworth Financial to a “hold” rating in a report on Wednesday, May 27th. Finally, Weiss Ratings cut Genworth Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 17th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $12.00.

Insider Activity

In other news, CEO Thomas J. Mcinerney sold 100,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $9.27, for a total value of $927,000.00. Following the completion of the transaction, the chief executive officer owned 5,368,883 shares of the company’s stock, valued at $49,769,545.41. The trade was a 1.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert P. Restrepo, Jr. sold 50,000 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $9.12, for a total value of $456,000.00. Following the completion of the sale, the director owned 92,655 shares in the company, valued at $845,013.60. The trade was a 35.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.80% of the stock is currently owned by company insiders.

About Genworth Financial

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.