Genworth Financial, Inc. (NYSE:GNW) Shares Acquired by nVerses Capital LLC

nVerses Capital LLC boosted its holdings in Genworth Financial, Inc. (NYSE:GNW) by 106.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,100 shares of the financial services provider’s stock after purchasing an additional 15,000 shares during the period. nVerses Capital LLC’s holdings in Genworth Financial were worth $199,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of GNW. UniSuper Management Pty Ltd bought a new stake in shares of Genworth Financial in the first quarter worth $562,000. Denali Advisors LLC raised its stake in shares of Genworth Financial by 69.8% in the 1st quarter. Denali Advisors LLC now owns 530,300 shares of the financial services provider’s stock valued at $3,410,000 after purchasing an additional 218,000 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Genworth Financial by 138.3% during the second quarter. Assenagon Asset Management S.A. now owns 4,233,541 shares of the financial services provider’s stock worth $25,571,000 after purchasing an additional 2,456,816 shares during the last quarter. Renaissance Technologies LLC grew its stake in Genworth Financial by 62.0% in the second quarter. Renaissance Technologies LLC now owns 548,900 shares of the financial services provider’s stock worth $3,315,000 after purchasing an additional 210,000 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC increased its holdings in Genworth Financial by 277.8% in the second quarter. Susquehanna Fundamental Investments LLC now owns 258,566 shares of the financial services provider’s stock valued at $1,562,000 after buying an additional 190,134 shares during the last quarter. Institutional investors and hedge funds own 81.85% of the company’s stock.

Analyst Upgrades and Downgrades

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

Genworth Financial Trading Down 1.8 %

Shares of NYSE GNW opened at $7.09 on Friday. Genworth Financial, Inc. has a 12-month low of $5.32 and a 12-month high of $7.25. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 37.32 and a beta of 0.94. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.17. The stock’s 50 day simple moving average is $6.83 and its 200 day simple moving average is $6.46.

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

Insiders Place Their Bets

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 stock was 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 trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.80% of the stock is owned by insiders.

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.