Genworth Financial (NYSE:GNW) Director Sells $456,000.00 in Stock

Genworth Financial, Inc. (NYSE:GNW) Director Robert Restrepo, Jr. sold 50,000 shares of Genworth Financial 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 transaction, the director directly owned 92,655 shares of the company’s stock, valued at approximately $845,013.60. This trade represents a 35.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Genworth Financial Stock Performance

Shares of GNW opened at $8.65 on Friday. The firm has a 50-day moving average of $8.72 and a 200-day moving average of $8.68. Genworth Financial, Inc. has a one year low of $6.72 and a one year high of $9.45. The company has a market cap of $3.31 billion, a PE ratio of 16.63 and a beta of 0.89. 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 announced its earnings results on Tuesday, May 5th. The financial services provider reported $0.28 EPS for the quarter, topping the consensus estimate of $0.18 by $0.10. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate 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 analysts forecast that Genworth Financial, Inc. will post 0.44 earnings per share for the current year.

Wall Street Analyst Weigh In

GNW has been the topic of several research reports. Weiss Ratings upgraded shares of Genworth Financial from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Wall Street Zen downgraded shares of Genworth Financial from a “hold” rating to a “sell” rating in a report on Sunday, May 17th. Finally, 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. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $11.00.

Institutional Investors Weigh In On Genworth Financial

Large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its holdings in shares of Genworth Financial by 1.0% during the third quarter. Dimensional Fund Advisors LP now owns 26,493,475 shares of the financial services provider’s stock valued at $235,793,000 after buying an additional 270,062 shares during the last quarter. Nuveen LLC grew its position in Genworth Financial by 2.3% during the fourth quarter. Nuveen LLC now owns 9,781,111 shares of the financial services provider’s stock valued at $88,323,000 after buying an additional 223,279 shares during the period. American Century Companies Inc. grew its position in Genworth Financial by 7.9% during the third quarter. American Century Companies Inc. now owns 9,567,534 shares of the financial services provider’s stock valued at $85,151,000 after buying an additional 704,498 shares during the period. Gendell Jeffrey L grew its holdings in Genworth Financial by 168.0% during the fourth quarter. Gendell Jeffrey L now owns 6,485,888 shares of the financial services provider’s stock valued at $58,568,000 after purchasing an additional 4,065,684 shares during the period. Finally, Norges Bank bought a new position in Genworth Financial during the fourth quarter valued at $45,912,000. 81.85% of the stock is currently owned by institutional investors and hedge funds.

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.