WINTON GROUP Ltd Has $4.66 Million Stake in Genworth Financial, Inc. $GNW

WINTON GROUP Ltd trimmed its stake in shares of Genworth Financial, Inc. (NYSE:GNW) by 27.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 516,166 shares of the financial services provider’s stock after selling 190,478 shares during the period. WINTON GROUP Ltd’s holdings in Genworth Financial were worth $4,661,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Bessemer Group Inc. raised its holdings in Genworth Financial by 60.6% in 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 during the period. Headlands Technologies LLC bought a new position in Genworth Financial in the second quarter valued at $44,000. Larson Financial Group LLC grew its position in Genworth Financial by 12,597.7% in the third quarter. Larson Financial Group LLC now owns 5,587 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 5,543 shares in the last quarter. Danske Bank A S bought a new position in Genworth Financial in the third quarter valued at $60,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Genworth Financial by 140.3% in the second quarter. EverSource Wealth Advisors LLC now owns 8,063 shares of the financial services provider’s stock valued at $63,000 after acquiring an additional 4,708 shares during the last quarter. 81.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GNW. Wall Street Zen cut shares of Genworth Financial from a “hold” rating to a “sell” rating in a research note on Sunday, May 17th. Zacks Research upgraded Genworth Financial to a “hold” rating in a research note on Wednesday, May 27th. Keefe, Bruyette & Woods boosted their target price on shares of Genworth Financial from $10.50 to $11.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Finally, Weiss Ratings lowered shares of Genworth Financial from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 1st. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Genworth Financial currently has a consensus rating of “Hold” and a consensus price target of $11.00.

Insider Transactions at Genworth Financial

In other news, Director Robert P. Restrepo, Jr. sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $9.12, for a total value of $456,000.00. Following the completion of the transaction, the director directly owned 92,655 shares in the company, valued at approximately $845,013.60. This trade 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 can be accessed through the SEC website. Also, CEO Thomas J. Mcinerney sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $9.27, for a total transaction of $927,000.00. Following the completion of the sale, the chief executive officer owned 5,368,883 shares of the company’s stock, valued at approximately $49,769,545.41. The trade was 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 Stock Up 2.1%

Shares of NYSE GNW opened at $8.66 on Friday. The firm has a market cap of $3.31 billion, a PE ratio of 16.64 and a beta of 0.86. Genworth Financial, Inc. has a 12-month low of $6.75 and a 12-month high of $9.45. The company’s fifty day simple moving average is $8.77 and its 200 day simple moving average is $8.68. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.15.

Genworth Financial (NYSE:GNW) last released its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.10. Genworth Financial had a net margin of 2.96% and a return on equity of 1.73%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.72 billion. As a group, sell-side analysts forecast that Genworth Financial, Inc. will post 0.44 earnings per share for the current fiscal year.

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.