SG Americas Securities LLC Buys 11,903 Shares of Genworth Financial, Inc. (NYSE:GNW)

SG Americas Securities LLC increased its position in shares of Genworth Financial, Inc. (NYSE:GNW) by 80.7% during the third quarter, Holdings Channel reports. The institutional investor owned 26,658 shares of the financial services provider’s stock after purchasing an additional 11,903 shares during the quarter. SG Americas Securities LLC’s holdings in Genworth Financial were worth $183,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. raised its holdings in shares of Genworth Financial by 14.5% in the 1st quarter. Donald Smith & CO. Inc. now owns 24,244,607 shares of the financial services provider’s stock worth $155,893,000 after buying an additional 3,069,355 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Genworth Financial by 138.3% in the second 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 buying an additional 2,456,816 shares in the last quarter. D. E. Shaw & Co. Inc. grew its stake in Genworth Financial by 93.5% during the second quarter. D. E. Shaw & Co. Inc. now owns 4,052,621 shares of the financial services provider’s stock worth $24,478,000 after buying an additional 1,958,632 shares during the last quarter. Cubist Systematic Strategies LLC raised 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 valued at $10,752,000 after acquiring an additional 1,729,167 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Genworth Financial by 51.5% in the 2nd quarter. Millennium Management LLC now owns 2,778,921 shares of the financial services provider’s stock worth $16,785,000 after acquiring an additional 944,677 shares in the last quarter. 81.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Genworth Financial from a “hold” rating to a “buy” rating in a report on Monday.

Genworth Financial Stock Performance

Shares of Genworth Financial stock opened at $6.90 on Thursday. 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 firm has a 50 day simple moving average of $6.86 and a 200 day simple moving average of $6.47. Genworth Financial, Inc. has a fifty-two week low of $5.32 and a fifty-two week high of $7.25. The firm has a market cap of $3.02 billion, a P/E ratio of 36.29 and a beta of 0.94.

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

Insider Buying and Selling at Genworth Financial

In related news, CEO Thomas J. Mcinerney sold 150,000 shares of the 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 transaction, the chief executive officer now directly owns 4,532,954 shares in the company, valued at $31,186,723.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.80% of the company’s stock.

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.