Headlands Technologies LLC Acquires 27,382 Shares of Genworth Financial, Inc. (NYSE:GNW)

Headlands Technologies LLC grew its position in shares of Genworth Financial, Inc. (NYSE:GNW) by 706.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 31,258 shares of the financial services provider’s stock after acquiring an additional 27,382 shares during the quarter. Headlands Technologies LLC’s holdings in Genworth Financial were worth $189,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of GNW. SageView Advisory Group LLC purchased a new position in shares of Genworth Financial in the first quarter valued at $30,000. Activest Wealth Management purchased a new position in Genworth Financial during the first quarter worth $31,000. Nomura Asset Management Co. Ltd. boosted its stake in Genworth Financial by 29.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 8,700 shares of the financial services provider’s stock worth $58,000 after buying an additional 2,000 shares during the period. Empowered Funds LLC purchased a new position in Genworth Financial during the first quarter worth $67,000. Finally, Heritage Wealth Advisors purchased a new position in Genworth Financial during the first quarter worth $74,000. 81.85% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Genworth Financial

In other news, CEO Thomas J. Mcinerney sold 150,000 shares of Genworth Financial stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 4,532,954 shares in the company, valued at $31,186,723.52. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

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

Genworth Financial Stock Up 2.1 %

NYSE GNW opened at $6.69 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.17. The company has a fifty day moving average of $6.58 and a two-hundred day moving average of $6.35. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of 35.21 and a beta of 0.94. Genworth Financial, Inc. has a 52 week low of $5.32 and a 52 week high of $7.01.

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 the consensus estimate of $0.19 by $0.09. Genworth Financial had a return on equity of 0.25% and a net margin of 0.43%. The business had revenue of $1.77 billion during the quarter. During the same quarter last year, the business posted $0.29 earnings per share.

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.