Genworth Financial, Inc. $GNW Shares Sold by LSV Asset Management

LSV Asset Management trimmed its holdings in Genworth Financial, Inc. (NYSE:GNW) by 2.8% during the second quarter, HoldingsChannel.com reports. The fund owned 3,830,000 shares of the financial services provider’s stock after selling 111,100 shares during the period. LSV Asset Management’s holdings in Genworth Financial were worth $29,797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of GNW. Ethic Inc. grew its position in Genworth Financial by 15.1% during the 2nd quarter. Ethic Inc. now owns 14,045 shares of the financial services provider’s stock worth $110,000 after purchasing an additional 1,847 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Genworth Financial by 29.5% in the second quarter. GAMMA Investing LLC now owns 11,770 shares of the financial services provider’s stock valued at $92,000 after buying an additional 2,679 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of Genworth Financial by 20.0% during the first quarter. HighTower Advisors LLC now owns 21,111 shares of the financial services provider’s stock worth $150,000 after buying an additional 3,521 shares during the period. Police & Firemen s Retirement System of New Jersey grew its holdings in shares of Genworth Financial by 4.1% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 95,933 shares of the financial services provider’s stock worth $746,000 after buying an additional 3,736 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Genworth Financial by 4.1% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 106,408 shares of the financial services provider’s stock worth $828,000 after buying an additional 4,216 shares during the last quarter. Institutional investors and hedge funds own 81.85% of the company’s stock.

Genworth Financial Trading Up 1.8%

Shares of GNW stock opened at $8.42 on Wednesday. The business’s fifty day moving average price is $8.67 and its 200 day moving average price is $8.02. Genworth Financial, Inc. has a 1-year low of $5.99 and a 1-year high of $9.15. The firm has a market capitalization of $3.36 billion, a PE ratio of 15.88 and a beta of 1.05. 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 released its earnings results on Wednesday, November 5th. The financial services provider reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The business had revenue of $1.04 billion during the quarter. Genworth Financial had a net margin of 3.01% and a return on equity of 1.56%.

Insider Activity at Genworth Financial

In related news, CEO Rohit Gupta sold 86,406 shares of the firm’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 sale, the chief executive officer owned 794,630 shares in the company, valued at $6,897,388.40. This trade represents a 9.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have commented on GNW shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Genworth Financial in a research note on Monday. Wall Street Zen upgraded shares of Genworth Financial from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Genworth Financial from $9.50 to $10.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target 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.