State of Wyoming Has $351,000 Stock Position in Genworth Financial, Inc. $GNW

State of Wyoming reduced its holdings in shares of Genworth Financial, Inc. (NYSE:GNW) by 65.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,242 shares of the financial services provider’s stock after selling 80,566 shares during the quarter. State of Wyoming’s holdings in Genworth Financial were worth $351,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GNW. Larson Financial Group LLC lifted its position in shares of 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 worth $50,000 after purchasing an additional 5,543 shares in the last quarter. Headlands Technologies LLC bought a new position in Genworth Financial in the second quarter valued at $44,000. Atlas Wealth LLC bought a new position in Genworth Financial in the first quarter valued at $51,000. Danske Bank A S acquired a new stake in Genworth Financial in the 3rd quarter valued at $60,000. Finally, Rockefeller Capital Management L.P. increased its stake in Genworth Financial by 124.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 7,159 shares of the financial services provider’s stock valued at $65,000 after buying an additional 3,966 shares during the last quarter. 81.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on GNW shares. Weiss Ratings downgraded shares of Genworth Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 17th. Keefe, Bruyette & Woods lifted 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 raised Genworth Financial from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, Zacks Research upgraded Genworth Financial to a “hold” rating in a report on Wednesday, May 27th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $12.00.

Genworth Financial Price Performance

NYSE:GNW opened at $9.90 on Tuesday. Genworth Financial, Inc. has a 1-year low of $7.61 and a 1-year high of $10.20. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.15. The firm has a fifty day simple moving average of $9.24 and a 200 day simple moving average of $8.82. The stock has a market capitalization of $3.79 billion, a PE ratio of 19.05 and a beta of 0.85.

Genworth Financial (NYSE:GNW) last posted its quarterly 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. 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 analyst estimates of $1.72 billion. On average, research analysts expect that Genworth Financial, Inc. will post 1.1 EPS for the current fiscal year.

Insider Transactions at Genworth Financial

In other news, CEO Thomas J. Mcinerney sold 100,000 shares of Genworth Financial 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 transaction, the chief executive officer owned 5,368,883 shares of the company’s stock, valued at $49,769,545.41. This trade represents a 1.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert P. Restrepo, Jr. sold 50,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $9.12, for a total transaction of $456,000.00. Following the transaction, the director 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 disclosure for this sale is available in the SEC filing. Company insiders own 1.80% of the company’s stock.

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.