Genworth Financial, Inc. (NYSE:GNW) Shares Sold by Susquehanna Portfolio Strategies LLC

Susquehanna Portfolio Strategies LLC reduced its stake in shares of Genworth Financial, Inc. (NYSE:GNW) by 20.9% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 29,622 shares of the financial services provider’s stock after selling 7,845 shares during the quarter. Susquehanna Portfolio Strategies LLC’s holdings in Genworth Financial were worth $179,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Genworth Financial during the fourth quarter worth about $23,292,000. Donald Smith & CO. Inc. lifted its stake in Genworth Financial by 14.5% during the 1st quarter. Donald Smith & CO. Inc. now owns 24,244,607 shares of the financial services provider’s stock valued at $155,893,000 after acquiring an additional 3,069,355 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Genworth Financial by 138.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 4,233,541 shares of the financial services provider’s stock valued at $25,571,000 after acquiring an additional 2,456,816 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in shares of Genworth Financial by 93.5% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 4,052,621 shares of the financial services provider’s stock valued at $24,478,000 after acquiring an additional 1,958,632 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its stake in shares of Genworth Financial by 3,395.1% in the second quarter. Cubist Systematic Strategies LLC now owns 1,780,098 shares of the financial services provider’s stock worth $10,752,000 after acquiring an additional 1,729,167 shares during the period. 81.85% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Genworth Financial

In other news, CEO Thomas J. Mcinerney sold 150,000 shares of Genworth Financial stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $6.88, for a total transaction of $1,032,000.00. Following the sale, the chief executive officer now owns 4,532,954 shares of the company’s stock, valued at approximately $31,186,723.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Genworth Financial from a “buy” rating to a “hold” rating in a report on Friday, September 6th.

Genworth Financial Trading Down 0.1 %

Shares of Genworth Financial stock opened at $6.76 on Monday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.17. Genworth Financial, Inc. has a twelve month low of $5.32 and a twelve month high of $7.01. The firm has a market capitalization of $2.96 billion, a PE ratio of 35.58 and a beta of 0.94. The firm’s 50-day moving average price is $6.70 and its 200 day moving average price is $6.39.

Genworth Financial (NYSE:GNW) last issued its earnings results on Wednesday, July 31st. The financial services provider reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. Genworth Financial had a net margin of 0.43% and a return on equity of 0.25%. The business had revenue of $1.77 billion during the quarter. During the same quarter last year, the company earned $0.29 earnings per share.

Genworth Financial Profile

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.