Genworth Financial, Inc. $GNW Shares Sold by Blue Trust Inc.

Blue Trust Inc. lessened its stake in Genworth Financial, Inc. (NYSE:GNW) by 25.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,144 shares of the financial services provider’s stock after selling 1,397 shares during the quarter. Blue Trust Inc.’s holdings in Genworth Financial were worth $32,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of GNW. Abel Hall LLC acquired a new stake in shares of Genworth Financial in the 1st quarter valued at about $71,000. Blueshift Asset Management LLC acquired a new stake in shares of Genworth Financial in the 1st quarter valued at about $71,000. Strs Ohio acquired a new stake in shares of Genworth Financial in the 1st quarter valued at about $82,000. GAMMA Investing LLC raised its stake in shares of Genworth Financial by 29.5% in the 2nd quarter. GAMMA Investing LLC now owns 11,770 shares of the financial services provider’s stock valued at $92,000 after purchasing an additional 2,679 shares in the last quarter. Finally, Perbak Capital Partners LLP acquired a new stake in shares of Genworth Financial in the 1st quarter valued at about $95,000. Institutional investors and hedge funds own 81.85% of the company’s stock.

Insider Buying and Selling

In other Genworth Financial news, CEO Rohit Gupta sold 86,406 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $8.68, for a total value of $750,004.08. Following the completion of the transaction, the chief executive officer owned 794,630 shares in the company, valued at approximately $6,897,388.40. This represents a 9.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.80% of the company’s stock.

Genworth Financial Price Performance

Shares of NYSE:GNW opened at $8.54 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.16. Genworth Financial, Inc. has a fifty-two week low of $5.99 and a fifty-two week high of $9.15. The firm has a 50-day simple moving average of $8.68 and a 200 day simple moving average of $7.71. The company has a market cap of $3.51 billion, a PE ratio of 18.98 and a beta of 0.99.

Genworth Financial (NYSE:GNW) last announced its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.11. Genworth Financial had a net margin of 2.61% and a return on equity of 1.91%. The business had revenue of $1.80 billion during the quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on GNW shares. Weiss Ratings restated a “hold (c+)” rating on shares of Genworth Financial in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods upped their target price on shares of Genworth Financial from $9.50 to $10.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Finally, Wall Street Zen lowered shares of Genworth Financial from a “hold” rating to a “sell” rating in a research note on Saturday, October 11th. 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.com, Genworth Financial has a consensus rating of “Moderate Buy” and an average target price of $10.00.

About Genworth Financial

Genworth Financial, Inc, together with its subsidiaries, provides mortgage and long-term care insurance products in the United States and internationally. It operates in three segments: Enact, Long-Term Care Insurance, and Life and Annuities. The Enact segment offers private mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans; and pool mortgage insurance products.