Genworth Financial, Inc. (NYSE:GNW) Shares Purchased by Inspire Investing LLC

Inspire Investing LLC increased its stake in Genworth Financial, Inc. (NYSE:GNW) by 4.0% during the second quarter, HoldingsChannel reports. The firm owned 57,835 shares of the financial services provider’s stock after acquiring an additional 2,241 shares during the period. Inspire Investing LLC’s holdings in Genworth Financial were worth $349,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in GNW. Headlands Technologies LLC purchased a new position in Genworth Financial during the first quarter valued at approximately $25,000. SageView Advisory Group LLC acquired a new position in shares of Genworth Financial during the first quarter worth approximately $30,000. Nomura Asset Management Co. Ltd. raised its stake in Genworth Financial by 29.9% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 8,700 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 2,000 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Genworth Financial during the first quarter valued at about $67,000. Finally, Heritage Wealth Advisors acquired a new position in Genworth Financial in the 1st quarter valued at approximately $74,000. 81.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, CEO Thomas J. Mcinerney sold 150,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $6.88, for a total value of $1,032,000.00. Following the completion of the transaction, the chief executive officer now owns 4,532,954 shares in the company, valued at approximately $31,186,723.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.80% of the company’s stock.

Genworth Financial Stock Performance

Genworth Financial stock opened at $6.85 on Tuesday. Genworth Financial, Inc. has a 52-week low of $5.32 and a 52-week high of $7.01. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a fifty day moving average price of $6.67 and a two-hundred day moving average price of $6.38. The firm has a market capitalization of $3.00 billion, a P/E ratio of 36.05 and a beta of 0.94.

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

Genworth Financial Company 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.